1,092 Shares in Logitech International S.A. (NASDAQ:LOGI) Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd acquired a new stake in shares of Logitech International S.A. (NASDAQ:LOGI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,092 shares of the technology company’s stock, valued at approximately $104,000.

Other institutional investors have also added to or reduced their stakes in the company. Vontobel Holding Ltd. lifted its holdings in shares of Logitech International by 2.3% during the fourth quarter. Vontobel Holding Ltd. now owns 5,285,659 shares of the technology company’s stock valued at $501,223,000 after purchasing an additional 121,060 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Logitech International by 36.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,822,286 shares of the technology company’s stock worth $267,457,000 after purchasing an additional 760,263 shares during the last quarter. Acadian Asset Management LLC grew its position in Logitech International by 317.8% during the third quarter. Acadian Asset Management LLC now owns 546,851 shares of the technology company’s stock valued at $37,817,000 after buying an additional 415,950 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Logitech International by 7.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 469,494 shares of the technology company’s stock valued at $44,622,000 after buying an additional 32,396 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its position in Logitech International by 6.7% in the third quarter. Banque Cantonale Vaudoise now owns 461,240 shares of the technology company’s stock worth $31,904,000 after acquiring an additional 28,974 shares during the period. 45.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LOGI shares. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Logitech International in a research note on Tuesday, April 16th. StockNews.com downgraded Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 14th. Citigroup raised their target price on shares of Logitech International from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. Morgan Stanley reiterated an “underweight” rating and issued a $75.00 price target (down from $85.00) on shares of Logitech International in a research report on Monday, April 15th. Finally, Barclays raised their price objective on shares of Logitech International from $96.00 to $104.00 and gave the company an “overweight” rating in a research report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $92.43.

Insider Activity at Logitech International

In other news, COO Prakash Arunkundrum sold 23,023 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $90.00, for a total value of $2,072,070.00. Following the sale, the chief operating officer now directly owns 61,056 shares in the company, valued at approximately $5,495,040. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Samantha Harnett sold 650 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $84.17, for a total value of $54,710.50. Following the completion of the sale, the insider now owns 11,910 shares in the company, valued at approximately $1,002,464.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Prakash Arunkundrum sold 23,023 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $90.00, for a total transaction of $2,072,070.00. Following the completion of the sale, the chief operating officer now directly owns 61,056 shares in the company, valued at $5,495,040. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,572 shares of company stock valued at $2,207,555. 0.15% of the stock is owned by corporate insiders.

Logitech International Trading Down 0.9 %

Shares of LOGI stock opened at $78.72 on Friday. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 1.66 and a beta of 0.74. Logitech International S.A. has a 12-month low of $53.91 and a 12-month high of $96.66. The stock’s 50-day moving average price is $87.44 and its 200-day moving average price is $86.22.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings data on Monday, January 22nd. The technology company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.43. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. Logitech International had a return on equity of 23.84% and a net margin of 11.44%. As a group, research analysts predict that Logitech International S.A. will post 3.44 EPS for the current fiscal year.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.