Logitech International S.A. (NASDAQ:LOGI) Shares Sold by Aperio Group LLC
Aperio Group LLC decreased its stake in Logitech International S.A. (NASDAQ:LOGI) by 3.7% during the second quarter, Holdings Channel reports. The institutional investor owned 54,690 shares of the technology company’s stock after selling 2,098 shares during the period. Aperio Group LLC’s holdings in Logitech International were worth $2,005,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in LOGI. Private Advisor Group LLC purchased a new stake in shares of Logitech International during the first quarter valued at approximately $219,000. Dixon Hubard Feinour & Brown Inc. VA bought a new stake in Logitech International during the first quarter worth about $239,000. Fox Run Management L.L.C. bought a new stake in Logitech International during the second quarter worth about $246,000. Koch Industries Inc. bought a new stake in Logitech International during the first quarter worth about $282,000. Finally, James Investment Research Inc. raised its stake in Logitech International by 539.5% in the first quarter. James Investment Research Inc. now owns 9,106 shares of the technology company’s stock worth $290,000 after buying an additional 7,682 shares during the period. Institutional investors own 37.55% of the company’s stock.
Logitech International S.A. (NASDAQ:LOGI) traded down 0.75% during midday trading on Wednesday, hitting $35.68. The stock had a trading volume of 194,168 shares. Logitech International S.A. has a 12-month low of $20.57 and a 12-month high of $40.82. The stock has a market cap of $5.85 billion, a P/E ratio of 26.89 and a beta of 0.57. The company’s 50-day moving average price is $37.25 and its 200 day moving average price is $33.13.
Logitech International (NASDAQ:LOGI) last posted its earnings results on Monday, July 24th. The technology company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.04. Logitech International had a return on equity of 25.18% and a net margin of 9.15%. The company had revenue of $529.95 million for the quarter, compared to analyst estimates of $521.24 million. On average, equities research analysts predict that Logitech International S.A. will post $1.46 earnings per share for the current fiscal year.
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LOGI has been the subject of a number of recent research reports. Loop Capital initiated coverage on Logitech International in a research note on Monday, July 24th. They issued a “buy” rating and a $48.00 target price for the company. Citigroup Inc. initiated coverage on Logitech International in a research note on Thursday, July 6th. They issued a “buy” rating and a $44.00 target price for the company. Aegis initiated coverage on Logitech International in a research note on Tuesday, June 13th. They issued a “buy” rating and a $48.00 target price for the company. Finally, Zacks Investment Research lowered Logitech International from a “buy” rating to a “hold” rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $33.98.
In other Logitech International news, CFO Vincent Pilette sold 13,804 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $36.25, for a total transaction of $500,395.00. Following the transaction, the chief financial officer now directly owns 460,127 shares in the company, valued at $16,679,603.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Bracken Darrell sold 49,215 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $36.32, for a total value of $1,787,488.80. Following the transaction, the chief executive officer now owns 940,542 shares in the company, valued at $34,160,485.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 304,245 shares of company stock worth $11,008,698. Corporate insiders own 2.20% 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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