Public Employees Retirement System of Ohio Takes Position in Logitech International S.A. (NASDAQ:LOGI)

Public Employees Retirement System of Ohio purchased a new stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 177,372 shares of the technology company's stock, valued at approximately $15,891,000. Public Employees Retirement System of Ohio owned 0.11% of Logitech International as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new position in Logitech International during the second quarter worth about $35,000. Employees Retirement System of Texas acquired a new position in shares of Logitech International in the 2nd quarter worth approximately $63,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Logitech International by 139.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company's stock worth $82,000 after purchasing an additional 495 shares in the last quarter. Transamerica Financial Advisors Inc. lifted its stake 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 valued at $104,000 after purchasing an additional 1,153 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings 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 in the last quarter. Institutional investors own 45.76% of the company's stock.

Logitech International Price Performance

Logitech International stock traded up $0.56 during trading hours on Wednesday, hitting $85.01. The company had a trading volume of 251,186 shares, compared to its average volume of 491,609. The firm's fifty day moving average is $82.68 and its 200-day moving average is $88.47. The firm has a market capitalization of $13.44 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 1.93 and a beta of 0.78. Logitech International S.A. has a fifty-two week low of $74.72 and a fifty-two week high of $102.59.

Insider Transactions at Logitech International

In other Logitech International news, Director Guy Gecht bought 2,500 shares of Logitech International stock in a transaction on Thursday, October 24th. The stock was purchased at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the completion of the purchase, the director now directly owns 18,503 shares of the company's stock, valued at $1,500,963.36. The trade was a 15.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.