Diversify Advisory Services LLC Makes New $658,000 Investment in Logitech International S.A. (NASDAQ:LOGI)

Diversify Advisory Services LLC bought a new stake in Logitech International S.A. (NASDAQ:LOGI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,365 shares of the technology company’s stock, valued at approximately $658,000.

Several other large investors also recently bought and sold shares of LOGI. Norges Bank acquired a new stake in Logitech International in the fourth quarter valued at $214,130,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Logitech International by 36.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,822,286 shares of the technology company’s stock valued at $267,457,000 after acquiring an additional 760,263 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Logitech International by 1,932.5% during the first quarter. Assenagon Asset Management S.A. now owns 480,655 shares of the technology company’s stock valued at $43,098,000 after acquiring an additional 457,006 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Logitech International by 20.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,837,505 shares of the technology company’s stock valued at $174,162,000 after acquiring an additional 306,948 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Logitech International by 574.6% during the fourth quarter. Russell Investments Group Ltd. now owns 296,210 shares of the technology company’s stock valued at $28,012,000 after acquiring an additional 252,299 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LOGI. Citigroup increased their price objective on Logitech International from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Wedbush restated a “neutral” rating and issued a $92.00 price target on shares of Logitech International in a report on Tuesday, April 30th. StockNews.com cut Logitech International from a “strong-buy” rating to a “buy” rating in a report on Saturday. Morgan Stanley restated an “underweight” rating and issued a $75.00 price target (down previously from $85.00) on shares of Logitech International in a report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Logitech International in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $91.00.

Logitech International Stock Down 1.4 %

Shares of NASDAQ LOGI traded down $1.35 during midday trading on Friday, hitting $93.85. The stock had a trading volume of 316,363 shares, compared to its average volume of 305,953. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 2.94 and a beta of 0.80. Logitech International S.A. has a 1-year low of $57.77 and a 1-year high of $102.59. The company has a fifty day moving average price of $93.44 and a 200 day moving average price of $90.29.

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

Insider Buying and Selling

In related news, CFO Charles D. Boynton purchased 1,225 shares of Logitech International stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of $81.27 per share, with a total value of $99,555.75. Following the transaction, the chief financial officer now owns 1,225 shares of the company’s stock, valued at approximately $99,555.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is currently owned by corporate insiders.

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.