Logitech International S.A. (NASDAQ:LOGI) Shares Sold by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV lowered its position in Logitech International S.A. (NASDAQ:LOGI) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,237 shares of the technology company’s stock after selling 117 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Logitech International were worth $2,803,000 at the end of the most recent quarter.

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

Logitech International Trading Down 0.7 %

Shares of NASDAQ LOGI opened at $99.85 on Wednesday. The firm has a 50-day moving average of $88.10 and a two-hundred day moving average of $86.23. The company 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 S.A. has a twelve month low of $74.72 and a twelve month high of $102.59.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) 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%. As a group, research analysts predict that Logitech International S.A. will post 4.18 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Citigroup raised their target price on shares of Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Barclays raised their price target on Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Morgan Stanley raised Logitech International from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $73.00 to $92.00 in a research report on Thursday, January 23rd. Kepler Capital Markets upgraded Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. Finally, Wedbush restated 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 company. Based on data from MarketBeat, Logitech International has an average rating of “Hold” and an average price target of $97.13.

Insider Activity

In related news, insider Samantha Harnett sold 300 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $96.60, for a total value of $28,980.00. Following the completion of the sale, the insider now directly owns 7,348 shares of the company’s stock, valued at approximately $709,816.80. This represents a 3.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is currently owned by company insiders.

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.