Barclays PLC Purchases 1,967,133 Shares of Logitech International S.A. (NASDAQ:LOGI)

Barclays PLC boosted its holdings in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 64.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,030,921 shares of the technology company's stock after acquiring an additional 1,967,133 shares during the quarter. Barclays PLC owned 3.18% of Logitech International worth $451,426,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LOGI. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Logitech International during the 2nd quarter valued at $35,000. Employees Retirement System of Texas bought a new position in Logitech International during the second quarter valued at approximately $63,000. Benjamin F. Edwards & Company Inc. lifted its stake in Logitech International by 139.4% in the second 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 during the last quarter. 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 in the last quarter. Finally, Blue Trust Inc. increased its position in Logitech International by 2,036.8% during the second quarter. Blue Trust Inc. now owns 1,453 shares of the technology company's stock worth $130,000 after buying an additional 1,385 shares during the last quarter. 45.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Logitech International

In other news, Director Guy Gecht purchased 2,500 shares of the firm's stock in a transaction that occurred on Thursday, October 24th. The shares were acquired at an average price of $81.12 per share, for a total transaction of $202,800.00. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Logitech International Stock Up 0.6 %

LOGI traded up $0.47 during trading on Monday, hitting $85.36. The company's stock had a trading volume of 296,914 shares, compared to its average volume of 492,982. The firm's 50 day moving average price is $82.84 and its two-hundred day moving average price is $88.64. The stock has a market capitalization of $13.50 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.93 and a beta of 0.79. Logitech International S.A. has a 12 month low of $74.72 and a 12 month high of $102.59.

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.