Vontobel Holding Ltd. Purchases 1,240,478 Shares of Logitech International S.A. (NASDAQ:LOGI)

Vontobel Holding Ltd. boosted its position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 34.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,872,324 shares of the technology company's stock after acquiring an additional 1,240,478 shares during the period. Logitech International accounts for about 1.4% of Vontobel Holding Ltd.'s holdings, making the stock its 22nd biggest position. Vontobel Holding Ltd. owned 3.08% of Logitech International worth $402,802,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of LOGI. Barclays PLC lifted its holdings in shares of Logitech International by 64.2% in the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company's stock worth $451,426,000 after acquiring an additional 1,967,133 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Logitech International by 3.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company's stock worth $219,611,000 after acquiring an additional 89,788 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Logitech International by 2,315.9% in 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 acquiring an additional 1,385,493 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in Logitech International by 1.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,097,951 shares of the technology company's stock valued at $98,348,000 after buying an additional 19,046 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Logitech International during the 3rd quarter valued at $15,891,000. Hedge funds and other institutional investors own 45.76% of the company's stock.

Insider Buying and Selling at Logitech International

In other news, insider Samantha Harnett sold 300 shares of the business's stock in a transaction on 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 approximately $709,816.80. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

LOGI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Logitech International from $99.00 to $100.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Bank of America lowered shares of Logitech International from a "buy" rating to a "neutral" rating and lowered their price target for the company from $114.00 to $92.00 in a report on Monday, December 16th. Citigroup upped their price objective on shares of Logitech International from $92.00 to $105.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Kepler Capital Markets raised shares of Logitech International from a "hold" rating to a "buy" rating in a research report on Thursday, January 30th. Finally, Barclays upped their target price on shares of Logitech International from $103.00 to $108.00 and gave the stock an "overweight" 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $97.13.

Logitech International Stock Down 0.4 %

NASDAQ:LOGI traded down $0.42 during trading hours on Tuesday, hitting $104.64. 484,279 shares of the stock traded hands, compared to its average volume of 839,841. Logitech International S.A. has a 1 year low of $74.72 and a 1 year high of $105.65. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 2.54 and a beta of 0.78. The stock has a 50 day moving average price of $90.01 and a 200 day moving average price of $86.77.

Logitech International (NASDAQ:LOGI - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. Equities analysts forecast that Logitech International S.A. will post 4.18 earnings per share 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.