Pictet North America Advisors SA Boosts Stock Holdings in Logitech International S.A. (NASDAQ:LOGI)

Pictet North America Advisors SA boosted its position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 8.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 37,649 shares of the technology company's stock after purchasing an additional 2,774 shares during the quarter. Pictet North America Advisors SA's holdings in Logitech International were worth $3,117,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LOGI. Exane Asset Management purchased a new position in shares of Logitech International in the 4th quarter worth $32,000. MassMutual Private Wealth & Trust FSB grew its holdings in Logitech International by 56.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company's stock valued at $53,000 after purchasing an additional 233 shares during the period. Transamerica Financial Advisors Inc. lifted its position in shares of Logitech International by 115,300.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company's stock valued at $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 valued at approximately $105,000. Finally, CWM LLC increased its stake in Logitech International by 21.3% in the 3rd 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. 45.76% of the stock is currently owned by institutional investors.

Logitech International Price Performance

Shares of LOGI traded down $0.42 during midday trading on Tuesday, hitting $104.64. The stock had a trading volume of 484,279 shares, compared to its average volume of 839,841. The stock's 50 day moving average is $90.01 and its 200 day moving average is $86.77. The firm has a market cap of $16.55 billion, a PE ratio of 24.56, 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 $105.65.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates 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, equities research analysts expect that Logitech International S.A. will post 4.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LOGI has been the subject of a number of recent analyst reports. Bank of America cut Logitech International from a "buy" rating to a "neutral" rating and cut their target price for the stock from $114.00 to $92.00 in a research report on Monday, December 16th. Wedbush reaffirmed a "neutral" rating and set a $88.00 price objective on shares of Logitech International in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Morgan Stanley upgraded shares of Logitech International from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $73.00 to $92.00 in a research note on Thursday, January 23rd. Finally, Citigroup raised their price objective on Logitech International from $92.00 to $105.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Logitech International presently has an average rating of "Hold" and an average target price of $97.13.

Insider Activity at Logitech International

In other Logitech International news, insider Samantha Harnett sold 300 shares of the business'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 completion of the sale, the insider now directly owns 7,348 shares of the company's stock, valued at $709,816.80. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is owned by company insiders.

Logitech International Company 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.