Assenagon Asset Management S.A. Has $119.67 Million Stake in Logitech International S.A. (NASDAQ:LOGI)

Assenagon Asset Management S.A. grew its holdings in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 2,315.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,445,319 shares of the technology company's stock after acquiring an additional 1,385,493 shares during the period. Assenagon Asset Management S.A. owned 0.91% of Logitech International worth $119,673,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Tealwood Asset Management Inc. raised its stake in shares of Logitech International by 1.2% in the 4th quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company's stock valued at $1,231,000 after acquiring an additional 175 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in Logitech International during the fourth quarter valued at approximately $202,000. Wilmington Savings Fund Society FSB acquired a new position in Logitech International during the third quarter valued at approximately $105,000. World Investment Advisors LLC bought a new position in shares of Logitech International in the third quarter valued at approximately $12,597,000. Finally, Barclays PLC lifted its stake in shares of Logitech International by 64.2% in the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company's stock worth $451,426,000 after buying an additional 1,967,133 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company's stock.

Insider Activity

In related news, Director Guy Gecht acquired 2,500 shares of the stock in a transaction dated Thursday, October 24th. The shares were bought at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the purchase, the director now owns 18,503 shares in the company, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.16% of the company's stock.

Logitech International Price Performance

Shares of NASDAQ LOGI traded up $1.22 during trading hours on Wednesday, reaching $88.24. The stock had a trading volume of 863,788 shares, compared to its average volume of 530,721. The company has a market cap of $13.95 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.92 and a beta of 0.77. Logitech International S.A. has a twelve month low of $74.72 and a twelve month high of $102.59. The business's fifty day moving average is $82.17 and its two-hundred day moving average is $85.93.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Loop Capital lowered their target price on shares of Logitech International from $88.00 to $81.00 and set a "hold" rating on the stock in a research note on Monday, October 28th. Wedbush reiterated a "neutral" rating and issued a $88.00 price objective on shares of Logitech International in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their target price on Logitech International from $98.00 to $93.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Bank of America lowered Logitech International from a "buy" rating to a "neutral" rating and lowered their target price for the company from $114.00 to $92.00 in a report on Monday, December 16th. Finally, UBS Group upgraded Logitech International from a "sell" rating to a "neutral" rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $92.88.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.