Kestra Investment Management LLC Invests $297,000 in Logitech International S.A. (NASDAQ:LOGI)

Kestra Investment Management LLC bought a new stake in Logitech International S.A. (NASDAQ:LOGI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,605 shares of the technology company's stock, valued at approximately $297,000.

Other large investors also recently bought and sold shares of the company. Rosenberg Matthew Hamilton boosted its holdings in shares of Logitech International by 5.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,339 shares of the technology company's stock worth $210,000 after purchasing an additional 128 shares during the period. Investment Management Corp of Ontario lifted its position in Logitech International by 0.4% in the third quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company's stock worth $3,629,000 after buying an additional 170 shares during the last quarter. Tealwood Asset Management Inc. boosted its stake in Logitech International by 1.2% during the fourth quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company's stock worth $1,231,000 after buying an additional 175 shares during the period. US Bancorp DE increased its position in Logitech International by 2.5% during the third quarter. US Bancorp DE now owns 7,898 shares of the technology company's stock valued at $709,000 after acquiring an additional 196 shares during the last quarter. Finally, Townsquare Capital LLC raised its stake in shares of Logitech International by 3.0% in the third quarter. Townsquare Capital LLC now owns 7,632 shares of the technology company's stock valued at $685,000 after acquiring an additional 225 shares during the period. Institutional investors own 45.76% of the company's stock.

Insider Transactions at Logitech International

In other news, insider Samantha Harnett sold 300 shares of the company's 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 completion of the sale, the insider now owns 7,348 shares of the company's stock, valued at approximately $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 accessible through this link. Corporate insiders own 0.16% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on LOGI. Wedbush reaffirmed a "neutral" rating and set a $88.00 price target on shares of Logitech International in a research note on Wednesday, January 22nd. StockNews.com upgraded Logitech International from a "hold" rating to a "buy" rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. boosted their target price on Logitech International from $99.00 to $100.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Citigroup boosted their target price on Logitech International from $92.00 to $105.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley upgraded Logitech International from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $73.00 to $92.00 in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $97.13.

Logitech International Trading Up 0.7 %

Shares of Logitech International stock traded up $0.73 on Friday, hitting $104.00. 681,441 shares of the company traded hands, compared to its average volume of 853,546. The stock's 50 day moving average price is $91.16 and its 200-day moving average price is $87.13. Logitech International S.A. has a 52 week low of $74.72 and a 52 week high of $105.65. The company has a market cap of $16.45 billion, a PE ratio of 24.41, a PEG ratio of 2.61 and a beta of 0.78.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, beating 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, research analysts anticipate that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

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.