Logitech International S.A. $LOGI Shares Newly Bought by Kestra Investment Management LLC

Kestra Investment Management LLC purchased a new position in shares of Logitech International S.A. (NASDAQ:LOGI) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 12,312 shares of the technology company’s stock, valued at approximately $1,243,000.

Several other institutional investors also recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new position in shares of Logitech International during the 3rd quarter worth approximately $410,000. Commonwealth Equity Services LLC purchased a new stake in Logitech International in the 3rd quarter worth $338,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Logitech International in the 3rd quarter worth $41,000. ProShare Advisors LLC raised its position in Logitech International by 11.5% during the third quarter. ProShare Advisors LLC now owns 10,497 shares of the technology company’s stock worth $1,061,000 after acquiring an additional 1,081 shares during the period. Finally, Modera Wealth Management LLC acquired a new position in Logitech International during the third quarter worth $2,981,000. 45.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Logitech International

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

Logitech International Price Performance

LOGI stock opened at $98.01 on Wednesday. Logitech International S.A. has a 1 year low of $83.32 and a 1 year high of $129.66. The firm has a market capitalization of $14.37 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 5.16 and a beta of 1.21. The business has a 50 day simple moving average of $101.80 and a 200-day simple moving average of $99.81.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Tuesday, October 27th. The technology company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.17. Logitech International had a return on equity of 37.09% and a net margin of 16.36%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the business posted $1.45 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts expect that Logitech International S.A. will post 5.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Logitech International from $102.00 to $94.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. Barclays lifted their price objective on Logitech International from $101.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 28th. Wall Street Zen lowered Logitech International from a “buy” rating to a “hold” rating in a research note on Sunday, November 1st. Morgan Stanley raised their price objective on Logitech International from $90.00 to $94.00 and gave the company an “underweight” rating in a report on Wednesday, October 28th. Finally, Weiss Ratings cut shares of Logitech International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $106.29.

Logitech International Company Profile

Logitech International S.A. designs and sells hardware and software for personal computing, communication, collaboration, gaming and digital content creation. Its products include mice, keyboards, webcams, headsets, speakers, gaming devices and video-conferencing systems. The company serves consumers, businesses, schools and other organizations around the world through retail, e-commerce and business-to-business channels. Its product portfolio includes Logitech-branded devices and gaming products sold under the Logitech G brand.