Dimensional Fund Advisors LP reduced its position in shares of Logitech International SA (NASDAQ:LOGI) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,709 shares of the technology company’s stock after selling 6,505 shares during the period. Dimensional Fund Advisors LP owned approximately 0.20% of Logitech International worth $11,839,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in LOGI. Navellier Associates Inc bought a new stake in shares of Logitech International during the second quarter worth $201,000. Kimelman Baird LLC bought a new stake in shares of Logitech International during the second quarter worth $220,000. Quantbot Technologies LP bought a new stake in shares of Logitech International during the second quarter worth $254,000. Harbour Capital Advisors LLC bought a new stake in shares of Logitech International during the third quarter worth $259,000. Finally, Frontier Wealth Management LLC bought a new stake in shares of Logitech International during the second quarter worth $265,000. Institutional investors and hedge funds own 36.59% of the company’s stock.
In related news, insider Luca Guerrino De sold 15,000 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $40.75, for a total value of $611,250.00. Following the sale, the insider now owns 321,204 shares in the company, valued at approximately $13,089,063. The transaction was disclosed in a document filed with the Securities Exchange Commission, which is available at this hyperlink. Also, CEO Bracken Darrell sold 96,000 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $43.20, for a total transaction of $4,147,200.00. Following the completion of the sale, 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 292,673 shares of company stock worth $12,376,204 in the last quarter. Company insiders own 2.20% of the company’s stock.
Logitech International SA (NASDAQ:LOGI) opened at $38.19 on Tuesday. Logitech International SA has a fifty-two week low of $28.47 and a fifty-two week high of $43.54. The firm has a market cap of $6,570.00, a PE ratio of 30.07 and a beta of 0.76.
Several analysts recently weighed in 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. Citigroup boosted their price objective on shares of Logitech International from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, JPMorgan Chase Co. cut shares of Logitech International from a “neutral” rating to an “underweight” rating and set a $40.00 price target on the stock. in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Logitech International currently has a consensus rating of “Buy” and an average target price of $45.20.
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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