Mediolanum International Funds Ltd Grows Holdings in Logitech International S.A. (NASDAQ:LOGI)

Mediolanum International Funds Ltd boosted its stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 43.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 60,472 shares of the technology company's stock after buying an additional 18,218 shares during the period. Mediolanum International Funds Ltd's holdings in Logitech International were worth $4,993,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of LOGI. MassMutual Private Wealth & Trust FSB boosted its position in shares of Logitech International by 56.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company's stock valued at $53,000 after acquiring an additional 233 shares during the period. Transamerica Financial Advisors Inc. increased its holdings 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 worth $104,000 after buying an additional 1,153 shares in 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 grew its holdings in Logitech International by 21.3% during the 3rd quarter. CWM LLC now owns 2,062 shares of the technology company's stock worth $185,000 after acquiring an additional 362 shares during the last quarter. Finally, Syquant Capital Sas increased its stake in shares of Logitech International by 18.0% in the third quarter. Syquant Capital Sas now owns 2,245 shares of the technology company's stock valued at $201,000 after buying an additional 343 shares during the period. Institutional investors and hedge funds own 45.76% of the company's stock.

Logitech International Price Performance

Shares of NASDAQ:LOGI traded up $2.01 during trading on Wednesday, hitting $100.57. The company's stock had a trading volume of 835,214 shares, compared to its average volume of 934,309. The firm has a market cap of $15.91 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 3.00 and a beta of 0.78. The company has a 50-day moving average of $86.61 and a 200-day moving average of $85.97. Logitech International S.A. has a 12 month low of $74.72 and a 12 month high of $102.59.

Logitech International (NASDAQ:LOGI - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, topping 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 4.18 earnings per share for the current year.

Insider Transactions at Logitech International

In other Logitech International news, insider Samantha Harnett sold 300 shares of the stock in a transaction dated 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 directly owns 7,348 shares of the company's stock, valued at approximately $709,816.80. This represents a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LOGI shares. Deutsche Bank Aktiengesellschaft upgraded shares of Logitech International from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Barclays lifted their target price on shares of Logitech International from $103.00 to $108.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. StockNews.com raised shares of Logitech International from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. Wedbush reaffirmed a "neutral" rating and set a $88.00 price target on shares of Logitech International in a research report on Wednesday, January 22nd. Finally, Bank of America lowered shares of Logitech International from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $114.00 to $92.00 in a research note on Monday, December 16th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $97.13.

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.