12,312 Shares in Logitech International S.A. $LOGI Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC purchased a new position in Logitech International S.A. (NASDAQ:LOGI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,312 shares of the technology company’s stock, valued at approximately $1,243,000.

Other hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its position in Logitech International by 2,227.1% during the second quarter. Assenagon Asset Management S.A. now owns 1,045,742 shares of the technology company’s stock valued at $98,189,000 after purchasing an additional 1,000,805 shares in the last quarter. Amundi lifted its position in shares of Logitech International by 51.2% during the first quarter. Amundi now owns 1,665,096 shares of the technology company’s stock valued at $151,724,000 after buying an additional 563,564 shares during the last quarter. Renaissance Technologies LLC lifted its position in Logitech International by 26.6% during the first quarter. Renaissance Technologies LLC now owns 2,072,508 shares of the technology company’s stock valued at $188,847,000 after acquiring an additional 435,000 shares during the last quarter. SEB Asset Management AB purchased a new stake in Logitech International during the first quarter valued at approximately $27,567,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Logitech International in the second quarter valued at approximately $18,281,000. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International Trading Up 0.5%

Shares of NASDAQ:LOGI opened at $98.01 on Wednesday. Logitech International S.A. has a 12-month low of $83.32 and a 12-month high of $129.66. The business has a 50 day moving average of $101.80 and a two-hundred day moving average of $99.81. The company has a market capitalization of $14.37 billion, a PE ratio of 17.66, a PEG ratio of 5.16 and a beta of 1.21.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings data on Tuesday, October 27th. The technology company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.17. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Logitech International had a net margin of 16.36% and a return on equity of 37.09%. The business’s revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company earned $1.45 EPS. Equities research analysts predict that Logitech International S.A. will post 5.27 earnings per share for the current fiscal year.

Insider Transactions at Logitech International

In related news, insider Samantha Harnett sold 16,265 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $101.35, for a total transaction of $1,648,457.75. Following the sale, the insider directly owned 37,097 shares of the company’s stock, valued at approximately $3,759,780.95. This represents a 30.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on LOGI shares. Wedbush dropped their target price on Logitech International from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. Weiss Ratings downgraded Logitech International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, October 26th. Morgan Stanley boosted their price target on Logitech International from $90.00 to $94.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 28th. Barclays upped their price objective on shares of Logitech International from $101.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, October 28th. Finally, Wall Street Zen lowered shares of Logitech International from a “buy” rating to a “hold” rating in a research report on Sunday, November 1st. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $106.29.

About Logitech International

Logitech International S.A. designs and sells hardware and software for personal computing, communication, collaboration, gaming and digital content creation. Its products include mice, keyboards, webcams, headsets, speakers, gaming devices and video-conferencing systems. The company serves consumers, businesses, schools and other organizations around the world through retail, e-commerce and business-to-business channels. Its product portfolio includes Logitech-branded devices and gaming products sold under the Logitech G brand.