Venturi Wealth Management LLC Has $948,000 Stock Holdings in Logitech International S.A. (NASDAQ:LOGI)

Venturi Wealth Management LLC reduced its holdings in shares of Logitech International S.A. (NASDAQ:LOGI) by 1.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,507 shares of the technology company’s stock after selling 157 shares during the period. Venturi Wealth Management LLC’s holdings in Logitech International were worth $948,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Rosenberg Matthew Hamilton lifted its position in Logitech International by 5.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,339 shares of the technology company’s stock valued at $210,000 after acquiring an additional 128 shares in the last quarter. Investment Management Corp of Ontario lifted its holdings in shares of Logitech International by 0.4% in the third quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company’s stock valued at $3,629,000 after purchasing an additional 170 shares in the last quarter. Tealwood Asset Management Inc. boosted its position in shares of Logitech International by 1.2% during the fourth quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company’s stock valued at $1,231,000 after buying an additional 175 shares during the last quarter. US Bancorp DE grew its holdings in Logitech International by 2.5% during the third quarter. US Bancorp DE now owns 7,898 shares of the technology company’s stock worth $709,000 after buying an additional 196 shares in the last quarter. Finally, Townsquare Capital LLC raised its position in Logitech International by 3.0% in the 3rd quarter. Townsquare Capital LLC now owns 7,632 shares of the technology company’s stock valued at $685,000 after buying an additional 225 shares during the last quarter. 45.76% of the stock is owned by institutional investors.

Logitech International Trading Down 0.4 %

Logitech International stock opened at $104.64 on Wednesday. The business’s 50 day simple moving average is $90.01 and its 200 day simple moving average is $86.77. Logitech International S.A. has a 12 month low of $74.72 and a 12 month high of $105.65. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 2.54 and a beta of 0.78.

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

Insiders Place Their Bets

In related news, insider Samantha Harnett sold 300 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total transaction of $28,980.00. Following the sale, the insider now directly owns 7,348 shares in the company, valued at approximately $709,816.80. This represents a 3.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LOGI. Barclays upped their target price on shares of Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Wedbush reaffirmed a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their target price on shares of Logitech International from $99.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. StockNews.com upgraded Logitech International from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, Kepler Capital Markets raised Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $97.13.

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.