Assenagon Asset Management S.A. Grows Holdings in Logitech International S.A. (NASDAQ:LOGI)

Assenagon Asset Management S.A. boosted its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 2,315.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,445,319 shares of the technology company’s stock after acquiring an additional 1,385,493 shares during the period. Assenagon Asset Management S.A.’s holdings in Logitech International were worth $119,673,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC raised its position in shares of Logitech International by 380.7% during the 2nd quarter. Hsbc Holdings PLC now owns 122,926 shares of the technology company’s stock valued at $11,883,000 after purchasing an additional 97,353 shares during the period. Toronto Dominion Bank raised its holdings in Logitech International by 2,085.3% during the second quarter. Toronto Dominion Bank now owns 63,439 shares of the technology company’s stock valued at $6,146,000 after acquiring an additional 60,536 shares during the period. SpiderRock Advisors LLC purchased a new position in shares of Logitech International in the third quarter valued at about $1,431,000. Assetmark Inc. boosted its stake in shares of Logitech International by 6,766.2% in the third quarter. Assetmark Inc. now owns 49,231 shares of the technology company’s stock worth $4,418,000 after acquiring an additional 48,514 shares during the period. Finally, Summit Global Investments purchased a new stake in shares of Logitech International during the third quarter worth about $1,299,000. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Insider Buying and Selling at Logitech International

In other Logitech International news, Director Guy Gecht purchased 2,500 shares of Logitech International stock in a transaction dated Thursday, October 24th. The shares were acquired at an average cost of $81.12 per share, with a total value of $202,800.00. Following the completion of the transaction, the director now owns 18,503 shares in the company, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.16% of the company’s stock.

Logitech International Price Performance

Shares of LOGI stock opened at $87.02 on Wednesday. The stock’s 50-day moving average is $82.10 and its 200 day moving average is $86.00. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $102.59. The company has a market cap of $13.76 billion, a P/E ratio of 19.38, a PEG ratio of 1.92 and a beta of 0.77.

Wall Street Analysts Forecast Growth

LOGI has been the topic of a number of research analyst reports. Bank of America cut Logitech International from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $114.00 to $92.00 in a report on Monday, December 16th. Barclays reduced their price objective on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Wedbush restated a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research report on Wednesday, October 23rd. UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $92.88.

Logitech International Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.