Altshuler Shaham Ltd acquired a new position in Logitech International S.A. (NASDAQ:LOGI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 592 shares of the technology company’s stock, valued at approximately $46,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Synovus Financial Corp purchased a new position in Logitech International in the 2nd quarter worth approximately $27,000. FIL Ltd bought a new stake in Logitech International in the 2nd quarter worth approximately $34,000. Harvest Group Wealth Management LLC grew its position in Logitech International by 25.1% in the 2nd quarter. Harvest Group Wealth Management LLC now owns 748 shares of the technology company’s stock worth $48,000 after purchasing an additional 150 shares during the period. Signaturefd LLC grew its position in Logitech International by 84.2% in the 2nd quarter. Signaturefd LLC now owns 772 shares of the technology company’s stock worth $50,000 after purchasing an additional 353 shares during the period. Finally, Ellevest Inc. bought a new stake in Logitech International in the 3rd quarter worth approximately $51,000. Institutional investors own 35.28% of the company’s stock.

In other news, insider Prakash Arunkundrum sold 5,000 shares of Logitech International stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $95.00, for a total value of $475,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Bracken Darrell sold 41,666 shares of Logitech International stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $78.17, for a total transaction of $3,257,031.22. Following the completion of the sale, the chief executive officer now owns 806,838 shares in the company, valued at approximately $63,070,526.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 88,332 shares of company stock worth $7,259,475. 1.10% of the stock is owned by company insiders.

A number of research firms have commented on LOGI. JPMorgan Chase & Co. raised shares of Logitech International from a “neutral” rating to an “overweight” rating in a research report on Tuesday, October 20th. Kepler Capital Markets raised shares of Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday, November 5th. ValuEngine downgraded shares of Logitech International from a “hold” rating to a “sell” rating in a research report on Tuesday, November 10th. Loop Capital boosted their price objective on shares of Logitech International from $81.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Finally, Zacks Investment Research downgraded shares of Logitech International from a “strong-buy” rating to a “hold” rating and set a $77.00 price objective for the company. in a research report on Tuesday, September 22nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $87.78.

Shares of Logitech International stock opened at $83.72 on Friday. The stock has a market cap of $13.98 billion, a PE ratio of 21.30 and a beta of 0.92. The firm has a fifty day moving average price of $83.45 and a 200 day moving average price of $70.22. Logitech International S.A. has a 1 year low of $31.37 and a 1 year high of $95.71.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Monday, October 19th. The technology company reported $1.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $1.33. Logitech International had a net margin of 18.31% and a return on equity of 38.26%. On average, analysts predict that Logitech International S.A. will post 3.99 earnings per share for the current fiscal year.

Logitech International Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that helps people connect to digital and cloud experiences. The company offers pointing devices, such as wireless mouse and trackball; 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.

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Institutional Ownership by Quarter for Logitech International (NASDAQ:LOGI)

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