Logitech International S.A. (NASDAQ:LOGI) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lessened its position in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 64.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,095 shares of the technology company's stock after selling 3,738 shares during the quarter. Blue Trust Inc.'s holdings in Logitech International were worth $173,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LOGI. Exane Asset Management purchased a new position in shares of Logitech International in the fourth quarter valued at approximately $32,000. MassMutual Private Wealth & Trust FSB lifted 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 in the last quarter. Transamerica Financial Advisors Inc. lifted its position in 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 purchased a new position in Logitech International during the third quarter worth approximately $105,000. Finally, CWM LLC lifted its position in Logitech International by 21.3% during the third quarter. CWM LLC now owns 2,062 shares of the technology company's stock worth $185,000 after buying an additional 362 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company's stock.

Insider Activity

In other news, insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction on Monday, February 3rd. The stock was 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 directly owns 7,348 shares of the company's stock, valued at approximately $709,816.80. The trade was a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company's stock.

Logitech International Trading Up 0.7 %

LOGI stock traded up $0.73 during midday trading on Friday, hitting $104.00. 681,441 shares of the company's stock were exchanged, compared to its average volume of 853,546. The business has a 50-day simple moving average of $91.16 and a two-hundred day simple moving average of $87.13. The stock has a market capitalization of $16.45 billion, a PE ratio of 24.41, a P/E/G ratio of 2.61 and a beta of 0.78. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $105.65.

Logitech International (NASDAQ:LOGI - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share 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%. As a group, research analysts expect that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LOGI shares. Citigroup lifted their price objective on Logitech International from $92.00 to $105.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded Logitech International from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. UBS Group upgraded Logitech International from a "sell" rating to a "neutral" rating in a research report on Wednesday, November 20th. Kepler Capital Markets upgraded Logitech International from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Finally, Barclays lifted their price objective on Logitech International from $103.00 to $108.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Eight investment 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, Logitech International has an average rating of "Hold" and a consensus target price 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.