Logitech International S.A. (NASDAQ:LOGI) Holdings Decreased by Fmr LLC

FMR LLC lowered its position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 19.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 68,419 shares of the technology company's stock after selling 16,120 shares during the period. FMR LLC's holdings in Logitech International were worth $6,108,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new position in Logitech International in the 2nd quarter worth about $35,000. Employees Retirement System of Texas acquired a new stake in Logitech International in the 2nd quarter valued at approximately $63,000. Benjamin F. Edwards & Company Inc. raised its stake in Logitech International by 139.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company's stock valued at $82,000 after acquiring an additional 495 shares in the last quarter. Blue Trust Inc. boosted its position in Logitech International by 2,036.8% during the 2nd quarter. Blue Trust Inc. now owns 1,453 shares of the technology company's stock worth $130,000 after acquiring an additional 1,385 shares during the period. Finally, CWM LLC grew its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 45.76% of the company's stock.

Insider Transactions at Logitech International

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

Logitech International Stock Performance

Shares of NASDAQ LOGI traded down $0.24 during trading on Friday, hitting $84.39. The company had a trading volume of 273,283 shares, compared to its average volume of 489,469. The company has a market cap of $13.35 billion, a P/E ratio of 18.85, a PEG ratio of 1.94 and a beta of 0.78. The business's 50-day moving average is $82.66 and its 200 day moving average is $88.44. Logitech International S.A. has a 52 week low of $74.72 and a 52 week high of $102.59.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wedbush reaffirmed a "neutral" rating and issued a $88.00 price objective on shares of Logitech International in a report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price target on shares of Logitech International from $98.00 to $93.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Barclays lowered their price objective on shares of Logitech International from $105.00 to $103.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. UBS Group upgraded Logitech International from a "sell" rating to a "neutral" rating in a research report on Wednesday, November 20th. Finally, Loop Capital decreased their price target on Logitech International from $88.00 to $81.00 and set a "hold" rating for the company in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $93.00.

About Logitech International

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.