Logitech International S.A. (NASDAQ:LOGI) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP increased its position in Logitech International S.A. (NASDAQ:LOGI) by 37.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,896 shares of the technology company’s stock after acquiring an additional 36,950 shares during the period. Wellington Management Group LLP’s holdings in Logitech International were worth $12,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its holdings in shares of Logitech International by 7.4% during the second quarter. Acadian Asset Management LLC now owns 6,665,114 shares of the technology company’s stock worth $644,642,000 after purchasing an additional 457,630 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Logitech International by 3.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company’s stock valued at $219,611,000 after acquiring an additional 89,788 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Logitech International by 8.0% during the second quarter. Renaissance Technologies LLC now owns 1,623,908 shares of the technology company’s stock worth $157,324,000 after purchasing an additional 120,000 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Logitech International by 1.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,097,951 shares of the technology company’s stock valued at $98,348,000 after purchasing an additional 19,046 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its holdings in Logitech International by 6.7% in the second quarter. Jupiter Asset Management Ltd. now owns 601,826 shares of the technology company’s stock valued at $58,214,000 after purchasing an additional 37,852 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Stock Down 0.3 %

LOGI stock opened at $84.39 on Friday. The stock has a market capitalization of $13.35 billion, a P/E ratio of 18.80, a P/E/G ratio of 1.94 and a beta of 0.78. Logitech International S.A. has a 52 week low of $74.72 and a 52 week high of $102.59. The firm has a 50-day simple moving average of $82.63 and a 200-day simple moving average of $88.31.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LOGI shares. JPMorgan Chase & Co. decreased their price objective on Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Loop Capital dropped their price objective on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Wedbush reissued a “neutral” rating and set a $88.00 price target on shares of Logitech International in a report on Wednesday, October 23rd. Barclays cut their price objective on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Finally, UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $93.00.

Insiders Place Their Bets

In other Logitech International news, Director Guy Gecht bought 2,500 shares of the stock in a transaction on Thursday, October 24th. The shares were bought at an average price of $81.12 per share, with a total value of $202,800.00. Following the purchase, the director now directly owns 18,503 shares in the company, valued at $1,500,963.36. This trade represents a 15.62 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by company insiders.

About Logitech International

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.