Logitech International S.A. (NASDAQ:LOGI) VP L Joseph Sullivan sold 49,232 shares of Logitech International stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $36.06, for a total value of $1,775,305.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Logitech International S.A. (NASDAQ:LOGI) traded down 1.92% during trading on Friday, reaching $35.76. The company’s stock had a trading volume of 630,547 shares. Logitech International S.A. has a 12 month low of $20.16 and a 12 month high of $40.82. The stock’s 50 day moving average price is $37.26 and its 200-day moving average price is $33.07. The firm has a market cap of $5.86 billion, a PE ratio of 26.95 and a beta of 0.57.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Monday, July 24th. The technology company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. Logitech International had a net margin of 9.15% and a return on equity of 25.18%. The firm had revenue of $529.95 million for the quarter, compared to analysts’ expectations of $521.24 million. Equities analysts predict that Logitech International S.A. will post $1.46 EPS for the current year.

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Large investors have recently modified their holdings of the company. Alps Advisors Inc. raised its stake in shares of Logitech International by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,706 shares of the technology company’s stock valued at $576,000 after buying an additional 41 shares during the last quarter. World Asset Management Inc raised its stake in shares of Logitech International by 0.5% in the first quarter. World Asset Management Inc now owns 10,738 shares of the technology company’s stock valued at $342,000 after buying an additional 58 shares during the last quarter. Comerica Bank raised its stake in shares of Logitech International by 1.3% in the first quarter. Comerica Bank now owns 9,924 shares of the technology company’s stock valued at $324,000 after buying an additional 129 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Logitech International by 3.8% in the second quarter. Bank of Montreal Can now owns 13,853 shares of the technology company’s stock valued at $508,000 after buying an additional 505 shares during the last quarter. Finally, KCG Holdings Inc. raised its stake in shares of Logitech International by 6.3% in the first quarter. KCG Holdings Inc. now owns 9,698 shares of the technology company’s stock valued at $309,000 after buying an additional 579 shares during the last quarter. Institutional investors own 37.65% of the company’s stock.

A number of analysts recently issued reports on LOGI shares. Loop Capital started coverage on Logitech International in a research report on Monday, July 24th. They issued a “buy” rating and a $48.00 target price on the stock. Citigroup Inc. started coverage on Logitech International in a research report on Thursday, July 6th. They issued a “buy” rating and a $44.00 target price on the stock. Finally, Aegis started coverage on Logitech International in a research report on Tuesday, June 13th. They issued a “buy” rating and a $48.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $33.98.

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.

Insider Buying and Selling by Quarter for Logitech International (NASDAQ:LOGI)

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