Ontario Teachers Pension Plan Board Sells 43,275 Shares of Logitech International S.A. (NASDAQ:LOGI)

Ontario Teachers Pension Plan Board lessened its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 36.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,891 shares of the technology company’s stock after selling 43,275 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Logitech International were worth $7,102,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LOGI. Raymond James Financial Services Advisors Inc. boosted its position in Logitech International by 102.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 10,228 shares of the technology company’s stock valued at $705,000 after acquiring an additional 5,185 shares in the last quarter. Yousif Capital Management LLC bought a new stake in Logitech International during the 3rd quarter valued at $200,000. Allworth Financial LP boosted its position in Logitech International by 249.1% during the 3rd quarter. Allworth Financial LP now owns 754 shares of the technology company’s stock valued at $52,000 after acquiring an additional 538 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Logitech International by 96.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 5,500 shares of the technology company’s stock worth $379,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of Logitech International by 9.3% in the 3rd quarter. Signaturefd LLC now owns 6,902 shares of the technology company’s stock worth $476,000 after purchasing an additional 587 shares in the last quarter. Institutional investors own 45.76% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Charles D. Boynton bought 1,225 shares of Logitech International stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of $81.27 per share, for a total transaction of $99,555.75. Following the purchase, the chief financial officer now owns 1,225 shares of the company’s stock, valued at $99,555.75. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, COO Prakash Arunkundrum sold 699 shares of Logitech International stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $90.00, for a total transaction of $62,910.00. Following the completion of the sale, the chief operating officer now directly owns 67,848 shares in the company, valued at $6,106,320. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Charles D. Boynton bought 1,225 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average price of $81.27 per share, with a total value of $99,555.75. Following the completion of the acquisition, the chief financial officer now owns 1,225 shares of the company’s stock, valued at approximately $99,555.75. The disclosure for this purchase can be found here. In the last three months, insiders have sold 23,922 shares of company stock valued at $2,152,844. Insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LOGI shares. JPMorgan Chase & Co. lowered Logitech International from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $92.00 to $85.00 in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Logitech International in a report on Tuesday, April 16th. Citigroup increased their price objective on Logitech International from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Barclays upped their price objective on shares of Logitech International from $96.00 to $104.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Finally, Wedbush reiterated a “neutral” rating and set a $92.00 target price on shares of Logitech International in a report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $91.00.

Logitech International Trading Up 2.5 %

Shares of NASDAQ LOGI traded up $2.29 during mid-day trading on Wednesday, reaching $94.75. The company had a trading volume of 497,253 shares, compared to its average volume of 468,325. The firm has a 50 day simple moving average of $85.97 and a two-hundred day simple moving average of $87.71. The stock has a market cap of $14.98 billion, a P/E ratio of 23.89, a PEG ratio of 2.77 and a beta of 0.78. Logitech International S.A. has a 52-week low of $53.91 and a 52-week high of $96.66.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Monday, April 29th. The technology company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.34. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $956.85 million. Logitech International had a net margin of 14.24% and a return on equity of 27.46%. On average, equities analysts expect that Logitech International S.A. will post 3.85 EPS for the current year.

Logitech International Company Profile

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.