Park Avenue Securities LLC Takes $2.21 Million Position in Logitech International S.A. $LOGI

Park Avenue Securities LLC bought a new position in Logitech International S.A. (NASDAQ:LOGI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 20,129 shares of the technology company’s stock, valued at approximately $2,208,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC purchased a new stake in shares of Logitech International in the 2nd quarter valued at $27,000. Mather Group LLC. bought a new stake in Logitech International during the 3rd quarter valued at $34,000. Westerkirk Capital Inc. purchased a new stake in Logitech International during the 2nd quarter valued at $36,000. Groupe la Francaise bought a new stake in Logitech International in the 2nd quarter worth $47,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Logitech International by 40.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock valued at $52,000 after acquiring an additional 165 shares during the period. 45.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LOGI has been the subject of a number of analyst reports. Barclays increased their target price on shares of Logitech International from $107.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Wall Street Zen lowered Logitech International from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. BNP Paribas downgraded Logitech International from a “strong-buy” rating to a “hold” rating in a report on Thursday. Zacks Research lowered Logitech International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Logitech International from $104.00 to $123.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $108.89.

Insider Buying and Selling at Logitech International

In related news, Director Neela Montgomery sold 5,833 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $120.61, for a total transaction of $703,518.13. Following the completion of the transaction, the director owned 12,781 shares of the company’s stock, valued at $1,541,516.41. This trade represents a 31.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.19% of the stock is owned by insiders.

Logitech International Price Performance

Shares of Logitech International stock opened at $95.10 on Friday. Logitech International S.A. has a 12 month low of $64.73 and a 12 month high of $123.01. The business has a fifty day simple moving average of $110.79 and a two-hundred day simple moving average of $105.49.

Logitech International (NASDAQ:LOGI) last issued its quarterly 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 32.22%. Logitech International’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the company posted $1.20 EPS. On average, sell-side analysts anticipate that Logitech International S.A. will post 4.21 earnings per share for the current year.

About Logitech International

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.