Forsta AP Fonden Lowers Stock Position in Logitech International S.A. (NASDAQ:LOGI)

Forsta AP Fonden cut its position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 58.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,961 shares of the technology company's stock after selling 24,825 shares during the period. Forsta AP Fonden's holdings in Logitech International were worth $1,479,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its position in shares of Logitech International by 56.0% during the 4th 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 last quarter. Transamerica Financial Advisors Inc. increased its position in shares of Logitech International by 115,300.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company's stock valued at $104,000 after acquiring an additional 1,153 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Logitech International during the third quarter valued at about $105,000. CWM LLC raised its stake in shares of Logitech International by 21.3% in the 3rd quarter. CWM LLC now owns 2,062 shares of the technology company's stock valued at $185,000 after acquiring an additional 362 shares during the period. Finally, Miracle Mile Advisors LLC acquired a new position in shares of Logitech International in the 4th quarter worth approximately $202,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Price Performance

Shares of Logitech International stock traded down $1.15 on Thursday, reaching $99.42. 427,569 shares of the company were exchanged, compared to its average volume of 913,195. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $102.59. The company has a market cap of $15.72 billion, a P/E ratio of 23.34, a price-to-earnings-growth ratio of 3.00 and a beta of 0.78. The stock's 50 day moving average price is $87.01 and its 200-day moving average price is $86.07.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.07. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. On average, research analysts predict that Logitech International S.A. will post 4.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LOGI has been the topic of a number of research analyst reports. UBS Group raised Logitech International from a "sell" rating to a "neutral" rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upgraded Logitech International from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Citigroup raised their target price on Logitech International from $92.00 to $105.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. StockNews.com raised Logitech International from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, Kepler Capital Markets raised shares of Logitech International from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Logitech International presently has a consensus rating of "Hold" and a consensus price target of $97.13.

Insider Buying and Selling at Logitech International

In related news, insider Samantha Harnett sold 300 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total transaction of $28,980.00. Following the completion of the sale, the insider now owns 7,348 shares in the company, valued at $709,816.80. This represents a 3.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by insiders.

Logitech International 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.