Logitech International S.A. (NASDAQ:LOGI) Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC increased its stake in Logitech International S.A. (NASDAQ:LOGI) by 764.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 389 shares of the technology company’s stock after purchasing an additional 344 shares during the period. Global Retirement Partners LLC’s holdings in Logitech International were worth $35,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted 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 worth $585,478,000 after purchasing an additional 84,179 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in Logitech International by 2.3% in the 4th quarter. Vontobel Holding Ltd. now owns 5,285,659 shares of the technology company’s stock worth $501,223,000 after purchasing an additional 121,060 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Logitech International by 36.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,822,286 shares of the technology company’s stock worth $267,457,000 after purchasing an additional 760,263 shares in the last quarter. Norges Bank acquired a new stake in Logitech International in the 4th quarter worth approximately $214,130,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted 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 worth $174,162,000 after purchasing an additional 306,948 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Stock Down 0.1 %

NASDAQ:LOGI traded down $0.07 on Monday, reaching $89.89. 304,237 shares of the company’s stock were exchanged, compared to its average volume of 467,492. The firm has a market capitalization of $14.22 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 2.78 and a beta of 0.78. The business has a fifty day moving average of $85.97 and a 200-day moving average of $87.62. Logitech International S.A. has a 52-week low of $53.91 and a 52-week high of $96.66.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Monday, April 29th. The technology company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.34. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $956.85 million. Logitech International had a net margin of 14.24% and a return on equity of 27.46%. As a group, equities analysts anticipate that Logitech International S.A. will post 3.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LOGI shares. Citigroup lifted their target price on shares of Logitech International from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Wedbush reissued a “neutral” rating and set a $92.00 price target on shares of Logitech International in a research report on Tuesday, April 30th. StockNews.com cut shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 14th. Berenberg Bank began coverage on shares of Logitech International in a research report on Thursday, March 14th. They issued a “buy” rating and a $111.00 target price on the stock. Finally, JPMorgan Chase & Co. cut shares of Logitech International from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $92.00 to $85.00 in a research report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $91.00.

Insider Buying and Selling

In other news, CFO Charles D. Boynton bought 1,225 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of $81.27 per share, for a total transaction of $99,555.75. Following the completion of the purchase, the chief financial officer now owns 1,225 shares of the company’s stock, valued at $99,555.75. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, COO Prakash Arunkundrum sold 23,023 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $90.00, for a total value of $2,072,070.00. Following the completion of the transaction, the chief operating officer now directly owns 61,056 shares of the company’s stock, valued at $5,495,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Charles D. Boynton purchased 1,225 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average cost of $81.27 per share, with a total value of $99,555.75. Following the completion of the acquisition, the chief financial officer now directly owns 1,225 shares of the company’s stock, valued at $99,555.75. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 23,922 shares of company stock worth $2,152,844. Company insiders own 0.15% of the company’s stock.

About Logitech International

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.