Todd Asset Management LLC Has $3.99 Million Position in Logitech International S.A. (NASDAQ:LOGI)

Todd Asset Management LLC lessened its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 12.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,000 shares of the technology company’s stock after selling 6,000 shares during the period. Todd Asset Management LLC’s holdings in Logitech International were worth $3,993,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vontobel Holding Ltd. raised its holdings in Logitech International by 2.3% during the fourth quarter. Vontobel Holding Ltd. now owns 5,285,659 shares of the technology company’s stock worth $501,223,000 after buying an additional 121,060 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in 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 worth $267,457,000 after buying an additional 760,263 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Logitech International by 317.8% during the third quarter. Acadian Asset Management LLC now owns 546,851 shares of the technology company’s stock worth $37,817,000 after buying an additional 415,950 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Logitech International by 7.4% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 469,494 shares of the technology company’s stock worth $44,622,000 after acquiring an additional 32,396 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew its stake in shares of Logitech International by 6.7% in the 3rd quarter. Banque Cantonale Vaudoise now owns 461,240 shares of the technology company’s stock worth $31,904,000 after acquiring an additional 28,974 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on LOGI shares. Wedbush reiterated a “neutral” rating and issued a $92.00 target price on shares of Logitech International in a research note on Tuesday. Morgan Stanley reiterated an “underweight” rating and issued a $75.00 target price (down previously from $85.00) on shares of Logitech International in a research note on Monday, April 15th. StockNews.com lowered shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 14th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Logitech International in a research note on Tuesday, April 16th. Finally, Citigroup increased their price target on shares of Logitech International from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Logitech International currently has an average rating of “Hold” and a consensus price target of $91.00.

Logitech International Stock Up 0.4 %

LOGI traded up $0.32 during trading on Friday, hitting $82.09. 444,841 shares of the company traded hands, compared to its average volume of 597,520. The firm has a market cap of $12.98 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 2.65 and a beta of 0.78. Logitech International S.A. has a one year low of $53.91 and a one year high of $96.66. The stock’s fifty day moving average is $86.37 and its 200 day moving average is $86.53.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings data on Monday, April 29th. The technology company reported $0.89 EPS 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 the consensus estimate of $956.85 million. Logitech International had a net margin of 14.24% and a return on equity of 27.68%. On average, equities research analysts forecast that Logitech International S.A. will post 3.67 EPS for the current fiscal year.

Insider Buying and Selling at Logitech International

In other news, COO Prakash Arunkundrum sold 23,023 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $90.00, for a total value of $2,072,070.00. Following the sale, the chief operating officer now directly owns 61,056 shares of the company’s stock, valued at $5,495,040. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Charles D. Boynton purchased 1,225 shares of the stock in a transaction dated 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 completion of the acquisition, the chief financial officer now owns 1,225 shares in the company, valued at approximately $99,555.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Prakash Arunkundrum sold 23,023 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $90.00, for a total transaction of $2,072,070.00. Following the completion of the sale, the chief operating officer now directly owns 61,056 shares in the company, valued at $5,495,040. The disclosure for this sale can be found here. Insiders have sold a total of 24,572 shares of company stock valued at $2,207,555 over the last three months. 0.15% of the stock is currently owned by insiders.

About Logitech International

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.