Wellington Management Group LLP Purchases 36,950 Shares of Logitech International S.A. (NASDAQ:LOGI)

Wellington Management Group LLP increased its holdings in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 37.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 135,896 shares of the technology company's stock after purchasing an additional 36,950 shares during the period. Wellington Management Group LLP owned approximately 0.09% of Logitech International worth $12,173,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Logitech International during the 2nd quarter worth approximately $35,000. Employees Retirement System of Texas bought a new stake in Logitech International in the second quarter valued at $63,000. Benjamin F. Edwards & Company Inc. increased its stake in Logitech International by 139.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company's stock valued at $82,000 after purchasing an additional 495 shares in the last quarter. Transamerica Financial Advisors Inc. raised its holdings in shares of 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 period. Finally, Blue Trust Inc. boosted its position in shares of Logitech International by 2,036.8% during the 2nd quarter. Blue Trust Inc. now owns 1,453 shares of the technology company's stock worth $130,000 after purchasing an additional 1,385 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Logitech International Price Performance

Shares of LOGI stock traded down $0.24 on Friday, hitting $84.39. The stock had a trading volume of 273,284 shares, compared to its average volume of 489,469. The business has a 50 day moving average of $82.63 and a 200 day moving average of $88.26. Logitech International S.A. has a 12-month low of $74.72 and a 12-month high of $102.59. The stock has a market cap of $13.35 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 1.94 and a beta of 0.78.

Insider Buying and Selling at Logitech International

In other Logitech International news, Director Guy Gecht acquired 2,500 shares of Logitech International stock in a transaction on Thursday, October 24th. The stock was purchased at an average price of $81.12 per share, for a total transaction of $202,800.00. Following the purchase, the director now directly owns 18,503 shares of the company's stock, valued at $1,500,963.36. This trade represents a 15.62 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.16% 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.