Lester Murray Antman dba SimplyRich Has $785,000 Stake in Logitech International S.A. (NASDAQ:LOGI)

Lester Murray Antman dba SimplyRich boosted its position in Logitech International S.A. (NASDAQ:LOGI) by 23.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,539 shares of the technology company’s stock after purchasing an additional 1,797 shares during the period. Lester Murray Antman dba SimplyRich’s holdings in Logitech International were worth $785,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Exane Asset Management acquired a new position in shares of Logitech International during the fourth quarter worth $32,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Logitech International by 56.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock worth $53,000 after buying an additional 233 shares during the period. Transamerica Financial Advisors Inc. lifted its holdings in Logitech International by 115,300.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock worth $104,000 after buying an additional 1,153 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Logitech International in the 3rd quarter valued at about $105,000. Finally, CWM LLC increased its stake in shares of Logitech International by 21.3% in the third quarter. CWM LLC now owns 2,062 shares of the technology company’s stock valued at $185,000 after buying an additional 362 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Stock Down 0.7 %

Shares of NASDAQ:LOGI opened at $99.85 on Wednesday. Logitech International S.A. has a twelve month low of $74.72 and a twelve month high of $102.59. The stock’s 50 day moving average is $88.10 and its 200-day moving average is $86.23. The firm has a market capitalization of $15.79 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 2.54 and a beta of 0.78.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, topping the consensus estimate 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 anticipate that Logitech International S.A. will post 4.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

LOGI has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised Logitech International from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. StockNews.com raised shares of Logitech International from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. boosted their target price on shares of Logitech International from $99.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Wedbush reaffirmed a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research report on Wednesday, January 22nd. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $97.13.

Insider Buying and Selling

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

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.