Quadrant Capital Group LLC Buys 9,707 Shares of Logitech International S.A. $LOGI

Quadrant Capital Group LLC bought a new position in shares of Logitech International S.A. (NASDAQ:LOGI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,707 shares of the technology company’s stock, valued at approximately $998,000.

A number of other large investors have also recently made changes to their positions in LOGI. Rockefeller Capital Management L.P. raised its stake in shares of Logitech International by 15.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 861 shares of the technology company’s stock valued at $86,000 after purchasing an additional 114 shares during the period. Fifth Third Bancorp lifted its holdings in Logitech International by 19.1% during the 1st quarter. Fifth Third Bancorp now owns 903 shares of the technology company’s stock worth $82,000 after purchasing an additional 145 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Logitech International by 4.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,019 shares of the technology company’s stock worth $364,000 after purchasing an additional 171 shares in the last quarter. Frank Rimerman Advisors LLC boosted its stake in Logitech International by 2.8% in the 1st quarter. Frank Rimerman Advisors LLC now owns 11,717 shares of the technology company’s stock worth $1,068,000 after purchasing an additional 317 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Logitech International by 14.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,485 shares of the technology company’s stock worth $226,000 after purchasing an additional 320 shares during the period. 45.76% of the stock is owned by institutional investors.

Insider Activity at Logitech International

In other news, insider Samantha Harnett sold 16,265 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $101.35, for a total transaction of $1,648,457.75. Following the completion of the transaction, the insider owned 37,097 shares of the company’s stock, valued at approximately $3,759,780.95. The trade was a 30.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings raised Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. lowered their price target on shares of Logitech International from $102.00 to $94.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. Morgan Stanley cut their price objective on shares of Logitech International from $89.00 to $88.00 and set an “underweight” rating for the company in a research report on Wednesday, July 8th. Bank of America cut shares of Logitech International from a “neutral” rating to an “underperform” rating and set a $86.00 price objective for the company. in a research note on Tuesday, June 30th. Finally, Barclays decreased their target price on shares of Logitech International from $105.00 to $101.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 29th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $104.14.

Logitech International Stock Performance

NASDAQ:LOGI opened at $109.66 on Friday. The firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 4.08 and a beta of 1.14. Logitech International S.A. has a 52-week low of $83.32 and a 52-week high of $129.66. The stock has a fifty day moving average of $101.64 and a 200 day moving average of $103.01.

Logitech International (NASDAQ:LOGI) last announced its earnings results on Tuesday, July 28th. The technology company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.59. Logitech International had a return on equity of 37.30% and a net margin of 16.28%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the company earned $1.26 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts forecast that Logitech International S.A. will post 5.14 earnings per share for the current fiscal year.

About Logitech International

Logitech International designs and manufactures hardware and software that connect people to digital devices and support communication, collaboration, content creation and gaming. Its products are sold under the Logitech brand and are used by consumers, businesses, educators, gamers and other professional users worldwide.

The company’s portfolio includes computer mice and keyboards, webcams, headsets, microphones, speakers, video-conferencing systems, presentation tools and gaming peripherals.