Logitech International S.A. $LOGI Shares Purchased by Osaic Holdings Inc.

Osaic Holdings Inc. boosted its holdings in Logitech International S.A. (NASDAQ:LOGI) by 106.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 70,451 shares of the technology company’s stock after buying an additional 36,327 shares during the period. Osaic Holdings Inc.’s holdings in Logitech International were worth $6,139,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Sound Income Strategies LLC acquired a new stake in shares of Logitech International in the second quarter worth $27,000. Quarry LP purchased a new stake in Logitech International during the 1st quarter worth $33,000. Westerkirk Capital Inc. acquired a new stake in Logitech International in the 2nd quarter valued at $36,000. Groupe la Francaise purchased a new position in Logitech International in the second quarter valued at about $47,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Logitech International by 40.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock worth $52,000 after purchasing an additional 165 shares in the last quarter. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Neela Montgomery sold 5,833 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $120.61, for a total value of $703,518.13. Following the completion of the sale, the director directly owned 12,781 shares of the company’s stock, valued at $1,541,516.41. The trade was a 31.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.19% of the stock is currently owned by corporate insiders.

Logitech International Stock Down 0.9%

LOGI opened at $103.39 on Tuesday. Logitech International S.A. has a 12-month low of $64.73 and a 12-month high of $123.01. The firm’s fifty day moving average price is $113.89 and its 200 day moving average price is $104.14.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Tuesday, October 28th. The technology company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.23. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.18 billion. Logitech International had a net margin of 14.11% and a return on equity of 32.22%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $1.20 EPS. As a group, research analysts predict that Logitech International S.A. will post 4.21 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LOGI shares. Zacks Research upgraded Logitech International from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Logitech International in a research report on Wednesday, October 8th. Citigroup upgraded shares of Logitech International from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $130.00 in a research note on Wednesday, October 15th. Wedbush upped their target price on shares of Logitech International from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Morgan Stanley lowered their price target on shares of Logitech International from $108.00 to $107.00 and set an “equal weight” rating for the company in a report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $109.22.

Logitech International Company Profile

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.