Charles D. Boynton Buys 1,225 Shares of Logitech International S.A. (NASDAQ:LOGI) Stock

Logitech International S.A. (NASDAQ:LOGI) CFO Charles D. Boynton acquired 1,225 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of $81.27 per share, with a total value of $99,555.75. Following the purchase, the chief financial officer now directly owns 1,225 shares in the company, valued at approximately $99,555.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Logitech International Stock Up 0.4 %

NASDAQ LOGI traded up $0.32 during trading hours on Friday, hitting $82.09. 443,534 shares of the stock were exchanged, compared to its average volume of 479,577. The company has a market cap of $12.98 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 2.56 and a beta of 0.78. Logitech International S.A. has a 12-month low of $53.91 and a 12-month high of $96.66. The stock has a 50-day moving average of $86.52 and a 200 day moving average of $86.46.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings data on Monday, April 29th. The technology company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.34. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $956.85 million. Logitech International had a return on equity of 27.68% and a net margin of 14.24%. On average, equities research analysts expect that Logitech International S.A. will post 3.67 earnings per share for the current year.

Analysts Set New Price Targets

LOGI has been the subject of several recent analyst reports. Barclays lifted their price objective on shares of Logitech International from $96.00 to $104.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. StockNews.com lowered shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 14th. Berenberg Bank started coverage on shares of Logitech International in a research note on Thursday, March 14th. They issued a “buy” rating and a $111.00 price objective for the company. Citigroup raised their price objective on Logitech International from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Logitech International in a research report on Tuesday, April 16th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $91.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LOGI. Vanguard Group Inc. increased its stake in Logitech International by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 6,159,041 shares of the technology company’s stock valued at $585,478,000 after purchasing an additional 84,179 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Logitech International by 2.3% in the fourth quarter. Vontobel Holding Ltd. now owns 5,285,659 shares of the technology company’s stock valued at $501,223,000 after acquiring an additional 121,060 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Logitech International by 36.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,822,286 shares of the technology company’s stock valued at $267,457,000 after acquiring an additional 760,263 shares during the last quarter. Norges Bank purchased a new stake in Logitech International during the 4th quarter worth about $214,130,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Logitech International by 20.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,837,505 shares of the technology company’s stock valued at $174,162,000 after purchasing an additional 306,948 shares during the last quarter. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.