Logitech International S.A. (LOGI) Position Raised by KCG Holdings Inc.
KCG Holdings Inc. increased its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 6.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,698 shares of the technology company’s stock after buying an additional 579 shares during the period. KCG Holdings Inc.’s holdings in Logitech International were worth $309,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. Koch Industries Inc. bought a new stake in Logitech International during the first quarter worth approximately $282,000. Boston Advisors LLC bought a new stake in Logitech International during the first quarter worth approximately $351,000. USA Financial Portformulas Corp bought a new stake in Logitech International during the fourth quarter worth approximately $267,000. Comerica Bank increased its stake in Logitech International by 12.9% in the fourth quarter. Comerica Bank now owns 9,795 shares of the technology company’s stock worth $250,000 after buying an additional 1,121 shares in the last quarter. Finally, Karp Capital Management Corp bought a new stake in Logitech International during the first quarter worth approximately $1,810,000. Institutional investors and hedge funds own 37.79% of the company’s stock.
Shares of Logitech International S.A. (LOGI) opened at 38.83 on Monday. Logitech International S.A. has a one year low of $16.79 and a one year high of $39.22. The firm has a 50 day moving average price of $37.26 and a 200 day moving average price of $32.32. The company has a market capitalization of $6.35 billion, a P/E ratio of 31.31 and a beta of 0.57.
LOGI has been the subject of a number of recent analyst reports. Citigroup Inc. initiated coverage on Logitech International in a report on Thursday, July 6th. They issued a “buy” rating and a $44.00 price objective for the company. Aegis started coverage on Logitech International in a report on Tuesday, June 13th. They issued a “buy” rating and a $48.00 price target for the company. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Logitech International has a consensus rating of “Buy” and a consensus price target of $31.98.
In other news, SVP Marcel Stolk sold 95,363 shares of Logitech International stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $33.10, for a total value of $3,156,515.30. Following the completion of the transaction, the senior vice president now directly owns 200,839 shares of the company’s stock, valued at approximately $6,647,770.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP L Joseph Sullivan sold 100,000 shares of Logitech International stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $32.68, for a total value of $3,268,000.00. Following the completion of the transaction, the vice president now directly owns 264,664 shares of the company’s stock, valued at $8,649,219.52. The disclosure for this sale can be found here. Insiders have sold a total of 295,363 shares of company stock worth $9,840,515 over the last ninety days. Company insiders own 1.90% of the company’s stock.
Logitech International Company Profile
Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.
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