Samantha Harnett Sells 280 Shares of Logitech International S.A. (NASDAQ:LOGI) Stock

Logitech International S.A. (NASDAQ:LOGI) insider Samantha Harnett sold 280 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $80.09, for a total value of $22,425.20. Following the completion of the transaction, the insider now owns 7,648 shares in the company, valued at approximately $612,528.32. This trade represents a 3.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Logitech International Trading Down 2.2 %

Logitech International stock opened at $79.25 on Friday. Logitech International S.A. has a twelve month low of $74.72 and a twelve month high of $102.59. The firm has a market capitalization of $12.53 billion, a P/E ratio of 17.65, a P/E/G ratio of 1.80 and a beta of 0.81. The stock’s fifty day simple moving average is $83.47 and its 200-day simple moving average is $89.03.

Logitech International Increases Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th were issued a $1.3687 dividend. This is a boost from Logitech International’s previous annual dividend of $1.19. The ex-dividend date was Tuesday, September 24th. This represents a yield of 1.4%.

Wall Street Analyst Weigh In

LOGI has been the subject of a number of research reports. Wedbush reaffirmed a “neutral” rating and set a $88.00 target price on shares of Logitech International in a report on Wednesday, October 23rd. Barclays cut their target price on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their target price on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Loop Capital cut their price target on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a report on Monday, October 28th. Finally, UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $93.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its stake in shares of Logitech International by 7.4% during the second quarter. Acadian Asset Management LLC now owns 6,665,114 shares of the technology company’s stock worth $644,642,000 after purchasing an additional 457,630 shares in the last quarter. Barclays PLC boosted its holdings in shares of Logitech International by 64.2% in the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock valued at $451,426,000 after buying an additional 1,967,133 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Logitech International by 3.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company’s stock valued at $219,611,000 after buying an additional 89,788 shares during the last quarter. Renaissance Technologies LLC raised its stake in Logitech International by 8.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,623,908 shares of the technology company’s stock worth $157,324,000 after acquiring an additional 120,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Logitech International by 166.2% in the second quarter. Assenagon Asset Management S.A. now owns 1,279,414 shares of the technology company’s stock valued at $123,759,000 after acquiring an additional 798,759 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

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.