Logitech International S.A. (NASDAQ:LOGI) Stock Holdings Decreased by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA reduced its holdings in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 69,938 shares of the technology company's stock after selling 5,963 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Logitech International were worth $5,791,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Vontobel Holding Ltd. lifted its position in shares of Logitech International by 34.2% in the 4th quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company's stock worth $402,802,000 after buying an additional 1,240,478 shares during the last quarter. Lester Murray Antman dba SimplyRich lifted its position in shares of Logitech International by 23.2% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 9,539 shares of the technology company's stock worth $785,000 after buying an additional 1,797 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Logitech International by 41.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 8,105 shares of the technology company's stock worth $667,000 after buying an additional 2,375 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Logitech International in the 4th quarter worth about $314,000. Finally, Exane Asset Management bought a new position in shares of Logitech International in the 4th quarter worth about $32,000. 45.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LOGI. Morgan Stanley upgraded shares of Logitech International from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $73.00 to $92.00 in a research report on Thursday, January 23rd. Citigroup lifted their price objective on shares of Logitech International from $92.00 to $105.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. UBS Group upgraded shares of Logitech International from a "sell" rating to a "neutral" rating in a research report on Wednesday, November 20th. StockNews.com upgraded shares of Logitech International from a "hold" rating to a "buy" rating in a research report on Wednesday, February 5th. Finally, Loop Capital cut their price objective on shares of Logitech International from $88.00 to $81.00 and set a "hold" rating on the stock in a research report on Monday, October 28th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $97.13.

Logitech International Stock Performance

Shares of LOGI stock traded down $0.42 during midday trading on Tuesday, reaching $104.64. 484,279 shares of the company were exchanged, compared to its average volume of 839,841. 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 cap of $16.55 billion, a P/E ratio of 24.56, a PEG ratio of 2.54 and a beta of 0.78. The company's 50 day moving average price is $90.01 and its two-hundred day moving average price is $86.77.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, topping analysts' consensus estimates 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, sell-side analysts predict that Logitech International S.A. will post 4.18 earnings per share for the current year.

Insider Transactions at Logitech International

In other news, insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total value of $28,980.00. Following the transaction, the insider now owns 7,348 shares of the company's stock, valued at $709,816.80. The trade was a 3.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company's stock.

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.