Logitech International S.A. (NASDAQ:LOGI) Position Trimmed by Banque Pictet & Cie SA

Banque Pictet & Cie SA lessened its stake in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 95.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,737 shares of the technology company's stock after selling 80,974 shares during the period. Banque Pictet & Cie SA's holdings in Logitech International were worth $309,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LOGI. Exane Asset Management acquired a new position in Logitech International in the fourth quarter worth $32,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Logitech International by 56.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company's stock worth $53,000 after purchasing an additional 233 shares during the period. Transamerica Financial Advisors Inc. boosted its holdings in Logitech International by 115,300.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company's stock worth $104,000 after purchasing an additional 1,153 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Logitech International in the third quarter worth $105,000. Finally, CWM LLC boosted its holdings in Logitech International by 21.3% in the third quarter. CWM LLC now owns 2,062 shares of the technology company's stock worth $185,000 after purchasing an additional 362 shares during the period. Institutional investors own 45.76% of the company's stock.

Logitech International Stock Down 0.6 %

Logitech International stock traded down $0.59 during midday trading on Wednesday, hitting $104.05. The company's stock had a trading volume of 463,553 shares, compared to its average volume of 828,080. The stock's 50-day moving average price is $90.01 and its 200-day moving average price is $86.77. Logitech International S.A. has a 12 month low of $74.72 and a 12 month high of $105.65. The company has a market capitalization of $16.46 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 2.66 and a beta of 0.78.

Logitech International (NASDAQ:LOGI - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. As a group, equities analysts anticipate that Logitech International S.A. will post 4.21 EPS for the current year.

Insiders Place Their Bets

In other Logitech International news, insider Samantha Harnett sold 300 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $96.60, for a total transaction of $28,980.00. Following the sale, the insider now owns 7,348 shares in the company, valued at approximately $709,816.80. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on LOGI. Kepler Capital Markets raised shares of Logitech International from a "hold" rating to a "buy" rating in a report on Thursday, January 30th. Citigroup boosted their price target on shares of Logitech International from $92.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Wedbush reissued a "neutral" rating and set a $88.00 price target on shares of Logitech International in a report on Wednesday, January 22nd. Finally, Loop Capital reduced their price target on shares of Logitech International from $88.00 to $81.00 and set a "hold" rating for the company in a report on Monday, October 28th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $97.13.

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.