Logitech International Sees Unusually Large Options Volume (LOGI)

Logitech International SA (NASDAQ:LOGI) was the target of unusually large options trading activity on Wednesday. Stock investors acquired 555 put options on the company. This represents an increase of 928% compared to the average daily volume of 54 put options.

Institutional investors have recently made changes to their positions in the business. Navellier & Associates Inc bought a new stake in Logitech International in the 2nd quarter valued at $201,000. Atria Investments LLC bought a new stake in Logitech International in the 4th quarter valued at $204,000. Kimelman & Baird LLC bought a new stake in Logitech International in the 2nd quarter valued at $220,000. Quantbot Technologies LP bought a new stake in Logitech International in the 2nd quarter valued at $254,000. Finally, Harbour Capital Advisors LLC bought a new stake in Logitech International in the 3rd quarter valued at $259,000. 38.23% of the stock is currently owned by hedge funds and other institutional investors.

Logitech International (NASDAQ LOGI) opened at $37.33 on Friday. The company has a market cap of $5,899.62, a price-to-earnings ratio of 28.72 and a beta of 0.39. Logitech International has a one year low of $24.99 and a one year high of $40.82.

Logitech International (NASDAQ:LOGI) last released its earnings results on Monday, October 23rd. The technology company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.11. The firm had revenue of $634.21 million during the quarter, compared to analysts’ expectations of $630.23 million. Logitech International had a net margin of 9.32% and a return on equity of 24.58%. During the same period in the prior year, the company earned $0.35 EPS. equities research analysts expect that Logitech International will post 1.24 EPS for the current year.

LOGI has been the subject of several research analyst reports. Zacks Investment Research cut shares of Logitech International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub cut shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $44.60.

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About Logitech International

Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.

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