Logitech International S.A. (NASDAQ:LOGI) Insider Sells $28,980.00 in Stock

Logitech International S.A. (NASDAQ:LOGI - Get Free Report) 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 document filed with the Securities & Exchange Commission, which is available through the SEC website.

Samantha Harnett also recently made the following trade(s):

• On Wednesday, November 27th, Samantha Harnett sold 280 shares of Logitech International stock. The shares were sold at an average price of $80.09, for a total value of $22,425.20.

Logitech International Stock Performance

Logitech International stock traded down $0.79 during midday trading on Friday, hitting $98.63. 737,748 shares of the company's stock were exchanged, compared to its average volume of 961,655. The stock has a market cap of $15.60 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 2.54 and a beta of 0.78. Logitech International S.A. has a 12-month low of $74.72 and a 12-month high of $102.59. The firm's 50 day simple moving average is $87.37 and its 200 day simple moving average is $86.09.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts forecast that Logitech International S.A. will post 4.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on Logitech International from $99.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Loop Capital cut their target price on Logitech International from $88.00 to $81.00 and set a "hold" rating on the stock in a research report on Monday, October 28th. Morgan Stanley raised Logitech International from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $73.00 to $92.00 in a report on Thursday, January 23rd. UBS Group raised shares of Logitech International from a "sell" rating to a "neutral" rating in a report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Logitech International from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $97.13.

Institutional Investors Weigh In On Logitech International

Several large investors have recently modified their holdings of the stock. Barclays PLC boosted its holdings in shares of Logitech International by 64.2% in the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company's stock valued at $451,426,000 after acquiring an additional 1,967,133 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Logitech International by 2,315.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company's stock worth $119,673,000 after buying an additional 1,385,493 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Logitech International by 34.2% in the 4th quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company's stock valued at $402,802,000 after buying an additional 1,240,478 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Logitech International by 700.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 748,580 shares of the technology company's stock valued at $61,978,000 after buying an additional 655,025 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Logitech International during the third quarter worth $15,891,000. Hedge funds and other institutional investors own 45.76% of the company's stock.

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.