GAM Holding AG Makes New Investment in Logitech International S.A. $LOGI

GAM Holding AG purchased a new position in Logitech International S.A. (NASDAQ:LOGI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 175,845 shares of the technology company’s stock, valued at approximately $15,782,000. Logitech International makes up about 1.1% of GAM Holding AG’s portfolio, making the stock its 18th largest holding. GAM Holding AG owned about 0.11% of Logitech International as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Logitech International by 40.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,658 shares of the technology company’s stock worth $731,000 after purchasing an additional 2,497 shares in the last quarter. Novem Group grew its stake in shares of Logitech International by 30.0% during the first quarter. Novem Group now owns 12,816 shares of the technology company’s stock worth $1,082,000 after purchasing an additional 2,954 shares in the last quarter. World Investment Advisors acquired a new position in Logitech International in the first quarter valued at approximately $259,000. Bank of New York Mellon Corp boosted its holdings in Logitech International by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 353,147 shares of the technology company’s stock valued at $29,809,000 after purchasing an additional 2,050 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Logitech International by 8.9% in the first quarter. Envestnet Asset Management Inc. now owns 109,716 shares of the technology company’s stock valued at $9,261,000 after purchasing an additional 8,971 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Insider Buying and Selling at Logitech International

In other Logitech International news, insider Prakash Arunkundrum sold 9,900 shares of Logitech International stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $105.00, for a total value of $1,039,500.00. Following the completion of the sale, the insider directly owned 57,437 shares of the company’s stock, valued at approximately $6,030,885. The trade was a 14.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LOGI. JPMorgan Chase & Co. upped their price objective on shares of Logitech International from $104.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday. Morgan Stanley upped their price objective on shares of Logitech International from $74.00 to $78.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Wedbush upped their price objective on shares of Logitech International from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Logitech International in a research note on Wednesday, October 8th. Finally, Citigroup upgraded shares of Logitech International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $130.00 in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.00.

Logitech International Price Performance

NASDAQ LOGI opened at $120.69 on Friday. Logitech International S.A. has a 52-week low of $64.73 and a 52-week high of $122.24. The firm has a 50-day moving average price of $108.96 and a 200 day moving average price of $94.97.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Tuesday, October 28th. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.23. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Logitech International had a net margin of 14.11% and a return on equity of 32.01%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $1.20 earnings per share. Logitech International has set its Q3 2026 guidance at EPS. On average, analysts predict that Logitech International S.A. will post 4.21 EPS for the current year.

Logitech International Company 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.