Logitech International S.A. (NASDAQ:LOGI) Shares Sold by NatWest Group plc

NatWest Group plc decreased its position in Logitech International S.A. (NASDAQ:LOGI) by 63.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,834 shares of the technology company’s stock after selling 39,218 shares during the quarter. Logitech International accounts for approximately 0.6% of NatWest Group plc’s holdings, making the stock its 29th largest position. NatWest Group plc’s holdings in Logitech International were worth $1,880,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Exane Asset Management acquired a new position in Logitech International in the fourth quarter valued at approximately $32,000. MassMutual Private Wealth & Trust FSB boosted its position in Logitech International by 56.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock valued at $53,000 after purchasing an additional 233 shares during the period. Transamerica Financial Advisors Inc. boosted its position in Logitech International by 115,300.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock valued at $104,000 after purchasing an additional 1,153 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Logitech International during the 3rd quarter worth $105,000. Finally, CWM LLC increased its position in Logitech International by 21.3% in the third quarter. CWM LLC now owns 2,062 shares of the technology company’s stock worth $185,000 after buying an additional 362 shares during the period. 45.76% of the stock is owned by institutional investors and hedge funds.

Logitech International Price Performance

LOGI opened at $98.63 on Friday. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $102.59. The company has a market capitalization of $15.60 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 3.00 and a beta of 0.78. The business has a 50 day moving average price of $87.37 and a two-hundred day moving average price of $86.11.

Logitech International (NASDAQ:LOGI) last announced its earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.07. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. Equities analysts expect that Logitech International S.A. will post 4.18 EPS for the current fiscal year.

Insider Buying and Selling

In other Logitech International news, insider Samantha Harnett sold 300 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $96.60, for a total value of $28,980.00. Following the completion of the transaction, the insider now directly owns 7,348 shares in the company, valued at $709,816.80. This trade represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LOGI shares. Morgan Stanley raised shares of Logitech International from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $73.00 to $92.00 in a report on Thursday, January 23rd. Bank of America lowered shares of Logitech International from a “buy” rating to a “neutral” rating and reduced their target price for the company from $114.00 to $92.00 in a research note on Monday, December 16th. Citigroup raised their price target on shares of Logitech International from $92.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded Logitech International from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Finally, UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $97.13.

Logitech International Company Profile

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.