Dorsey Wright & Associates increased its position in Logitech International SA (NASDAQ:LOGI) by 37.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 134,506 shares of the technology company’s stock after acquiring an additional 36,409 shares during the period. Dorsey Wright & Associates’ holdings in Logitech International were worth $4,525,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Koch Industries Inc. acquired a new position in Logitech International in the 4th quarter worth approximately $412,000. Amundi Pioneer Asset Management Inc. acquired a new position in Logitech International in the 4th quarter worth approximately $38,929,000. AXA boosted its stake in shares of Logitech International by 29.7% during the 4th quarter. AXA now owns 89,600 shares of the technology company’s stock valued at $3,014,000 after buying an additional 20,500 shares during the period. Financial Gravity Companies Inc. acquired a new stake in shares of Logitech International during the 4th quarter valued at $138,000. Finally, Yorktown Management & Research Co Inc acquired a new stake in shares of Logitech International during the 4th quarter valued at $336,000. 32.93% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on LOGI shares. BidaskClub raised shares of Logitech International from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Zacks Investment Research raised shares of Logitech International from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. ValuEngine raised shares of Logitech International from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. Citigroup lifted their target price on shares of Logitech International from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, JPMorgan Chase & Co. lowered shares of Logitech International from a “neutral” rating to an “underweight” rating and set a $40.00 target price for the company. in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Logitech International presently has a consensus rating of “Buy” and an average target price of $45.20.
Logitech International (NASDAQ:LOGI) last issued its earnings results on Monday, January 22nd. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.10. The company had revenue of $812.02 million during the quarter, compared to analyst estimates of $753.47 million. Logitech International had a net margin of 8.10% and a return on equity of 23.38%. equities research analysts anticipate that Logitech International SA will post 1.22 earnings per share for the current year.
In other news, insider Marcel Stolk sold 20,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $39.48, for a total transaction of $789,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Bracken Darrell sold 96,000 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $43.20, for a total transaction of $4,147,200.00. Following the transaction, the chief executive officer now owns 783,427 shares in the company, valued at approximately $33,844,046.40. The disclosure for this sale can be found here. Insiders have sold a total of 292,673 shares of company stock worth $12,376,204 in the last 90 days. 2.20% of the stock is owned by insiders.
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About Logitech International
Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.
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