Logitech International S.A. (NASDAQ:LOGI) Stock Position Cut by NatWest Group plc

NatWest Group plc reduced its holdings in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 63.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,834 shares of the technology company's stock after selling 39,218 shares during the quarter. Logitech International makes up 0.6% of NatWest Group plc's portfolio, making the stock its 29th biggest holding. NatWest Group plc's holdings in Logitech International were worth $1,880,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Exane Asset Management acquired a new stake in shares of Logitech International during the 4th quarter worth $32,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Logitech International by 56.0% in 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 period. Transamerica Financial Advisors Inc. lifted its stake in shares of Logitech International by 115,300.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company's stock valued at $104,000 after purchasing an additional 1,153 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Logitech International during the 3rd quarter worth about $105,000. Finally, CWM LLC increased its position 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 purchasing an additional 362 shares in the last quarter. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Bank of America downgraded shares of Logitech International from a "buy" rating to a "neutral" rating and cut their target price for the company from $114.00 to $92.00 in a research note on Monday, December 16th. Loop Capital dropped their target price on Logitech International from $88.00 to $81.00 and set a "hold" rating on the stock in a report on Monday, October 28th. Barclays upped their price target on Logitech International from $103.00 to $108.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. UBS Group upgraded shares of Logitech International from a "sell" rating to a "neutral" rating in a research note on Wednesday, November 20th. Finally, StockNews.com upgraded shares of Logitech International from a "hold" rating to a "buy" rating in a research note on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $97.13.

Insider Transactions at Logitech International

In other Logitech International news, insider Samantha Harnett sold 300 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $96.60, for a total value of $28,980.00. Following the transaction, the insider now owns 7,348 shares of the company's stock, valued at $709,816.80. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.16% of the company's stock.

Logitech International Price Performance

NASDAQ:LOGI traded down $0.35 during mid-day trading on Tuesday, reaching $100.19. The stock had a trading volume of 94,009 shares, compared to its average volume of 860,659. The company has a market capitalization of $15.84 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 2.54 and a beta of 0.78. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $102.59. The stock's 50 day simple moving average is $87.74 and its two-hundred day simple moving average is $86.16.

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 (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.07. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. Sell-side analysts anticipate that Logitech International S.A. will post 4.18 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.