Logitech International S.A. (NASDAQ:LOGI) Shares Acquired by Quadrant Capital Group LLC

Quadrant Capital Group LLC boosted its holdings in Logitech International S.A. (NASDAQ:LOGIFree Report) by 15.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,165 shares of the technology company’s stock after acquiring an additional 566 shares during the period. Quadrant Capital Group LLC’s holdings in Logitech International were worth $396,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Logitech International by 36.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,822,286 shares of the technology company’s stock valued at $267,457,000 after purchasing an additional 760,263 shares during the last quarter. Acadian Asset Management LLC increased its position in Logitech International by 317.8% during the third quarter. Acadian Asset Management LLC now owns 546,851 shares of the technology company’s stock worth $37,817,000 after buying an additional 415,950 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Logitech International by 574.6% in the fourth quarter. Russell Investments Group Ltd. now owns 296,210 shares of the technology company’s stock worth $28,012,000 after acquiring an additional 252,299 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Logitech International by 2.3% in the fourth quarter. Vontobel Holding Ltd. now owns 5,285,659 shares of the technology company’s stock valued at $501,223,000 after acquiring an additional 121,060 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its stake in shares of Logitech International by 109.8% during the third quarter. Ontario Teachers Pension Plan Board now owns 118,166 shares of the technology company’s stock valued at $8,169,000 after acquiring an additional 61,849 shares during the last quarter. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Logitech International Stock Up 0.8 %

Shares of NASDAQ LOGI opened at $89.96 on Friday. The stock has a market capitalization of $14.23 billion, a PE ratio of 23.25, a P/E/G ratio of 2.75 and a beta of 0.78. The firm has a fifty day moving average of $86.01 and a 200-day moving average of $87.43. Logitech International S.A. has a 52-week low of $53.91 and a 52-week high of $96.66.

Logitech International (NASDAQ:LOGIGet Free Report) last posted its quarterly earnings results on Monday, April 29th. The technology company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.34. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $956.85 million. Logitech International had a return on equity of 27.68% and a net margin of 14.24%. Equities research analysts expect that Logitech International S.A. will post 3.85 EPS for the current fiscal year.

Insider Transactions at Logitech International

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

Analyst Ratings Changes

Several research analysts recently weighed in on LOGI shares. Morgan Stanley reissued an “underweight” rating and issued a $75.00 target price (down previously from $85.00) on shares of Logitech International in a research note on Monday, April 15th. Barclays upped their price objective on shares of Logitech International from $96.00 to $104.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Berenberg Bank assumed coverage on Logitech International in a report on Thursday, March 14th. They issued a “buy” rating and a $111.00 price target for the company. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Logitech International in a research note on Tuesday, April 16th. Finally, StockNews.com downgraded Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $91.00.

Read Our Latest Stock Report on LOGI

Logitech International Profile

(Free Report)

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.

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

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