322 Shares in Logitech International S.A. (NASDAQ:LOGI) Bought by Sierra Ocean LLC

Sierra Ocean LLC acquired a new position in shares of Logitech International S.A. (NASDAQ:LOGI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 322 shares of the technology company’s stock, valued at approximately $27,000.

Several other institutional investors also recently bought and sold shares of the stock. Barclays PLC raised its holdings in Logitech International by 64.2% during the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock valued at $451,426,000 after buying an additional 1,967,133 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in Logitech International by 34.2% during the fourth quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company’s stock valued at $402,802,000 after buying an additional 1,240,478 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Logitech International by 3.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company’s stock valued at $219,611,000 after buying an additional 89,788 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Logitech International by 2,315.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock valued at $119,673,000 after buying an additional 1,385,493 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings 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 buying an additional 19,046 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Samantha Harnett sold 300 shares of Logitech International stock in a transaction that occurred on 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 owns 7,348 shares in the company, valued at approximately $709,816.80. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

Logitech International Stock Down 0.4 %

Shares of LOGI opened at $104.64 on Wednesday. The stock has a market cap of $16.55 billion, a price-to-earnings ratio of 24.56, a P/E/G ratio of 2.54 and a beta of 0.78. Logitech International S.A. has a 12 month low of $74.72 and a 12 month high of $105.65. The company has a 50-day moving average price of $90.01 and a two-hundred day moving average price of $86.77.

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

Analyst Ratings Changes

Several equities analysts have weighed in on the company. StockNews.com upgraded Logitech International from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft raised Logitech International from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price target on Logitech International from $99.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Loop Capital lowered their price target on Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Finally, Barclays raised their price target on Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Eight equities research 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 company currently has an average rating of “Hold” and a consensus price target of $97.13.

Logitech International 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.