World Investment Advisors LLC Buys New Holdings in Logitech International S.A. (NASDAQ:LOGI)

World Investment Advisors LLC purchased a new stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 140,392 shares of the technology company's stock, valued at approximately $12,597,000. World Investment Advisors LLC owned 0.09% of Logitech International at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in LOGI. Barclays PLC increased its position in Logitech International by 64.2% during the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company's stock valued at $451,426,000 after buying an additional 1,967,133 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Logitech International by 166.2% in the second quarter. Assenagon Asset Management S.A. now owns 1,279,414 shares of the technology company's stock worth $123,759,000 after purchasing an additional 798,759 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Logitech International by 7.4% in the second quarter. Acadian Asset Management LLC now owns 6,665,114 shares of the technology company's stock worth $644,642,000 after acquiring an additional 457,630 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Logitech International in the third quarter worth about $15,891,000. Finally, Marshall Wace LLP grew its stake in shares of Logitech International by 57.3% during the 2nd quarter. Marshall Wace LLP now owns 450,897 shares of the technology company's stock valued at $43,615,000 after purchasing an additional 164,307 shares during the period. 45.76% of the stock is owned by hedge funds and other institutional investors.

Logitech International Stock Down 0.4 %

LOGI stock traded down $0.38 during trading on Thursday, hitting $84.63. The company had a trading volume of 194,172 shares, compared to its average volume of 490,370. The company has a 50 day simple moving average of $82.68 and a 200-day simple moving average of $88.47. Logitech International S.A. has a 52-week low of $74.72 and a 52-week high of $102.59. The firm has a market capitalization of $13.38 billion, a P/E ratio of 18.93, a PEG ratio of 1.93 and a beta of 0.78.

Insider Transactions at Logitech International

In other Logitech International news, Director Guy Gecht bought 2,500 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The shares were purchased at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the purchase, the director now directly owns 18,503 shares in the company, valued at $1,500,963.36. This represents a 15.62 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LOGI. Loop Capital dropped their price target 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. UBS Group raised Logitech International from a "sell" rating to a "neutral" rating in a report on Wednesday, November 20th. Barclays decreased their price objective on Logitech International from $105.00 to $103.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. Wedbush reiterated a "neutral" rating and set a $88.00 price objective on shares of Logitech International in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Logitech International from $98.00 to $93.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Logitech International currently has a consensus rating of "Hold" and an average target price of $93.00.

Logitech International 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.