Logitech International S.A. (NASDAQ:LOGI - Get Free Report) CFO Charles D. Boynton purchased 1,225 shares of Logitech International stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average cost of $81.27 per share, with a total value of $99,555.75. Following the acquisition, the chief financial officer now directly owns 1,225 shares of the company's stock, valued at approximately $99,555.75. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.
Logitech International Trading Up 0.4 %
NASDAQ:LOGI opened at $82.09 on Friday. The firm has a market capitalization of $12.98 billion, a PE 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 52 week low of $53.91 and a 52 week high of $96.66. The stock has a 50 day moving average of $86.37 and a 200-day moving average of $86.53.
Logitech International (NASDAQ:LOGI - Get Free Report) last issued its earnings results on Monday, April 29th. The technology company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.34. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $956.85 million. Logitech International had a return on equity of 27.68% and a net margin of 14.24%. As a group, analysts predict that Logitech International S.A. will post 3.67 EPS for the current fiscal year.
Institutional Trading of Logitech International
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Hedge funds have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. bought a new position in Logitech International in the 4th quarter worth about $33,000. Global Retirement Partners LLC grew its holdings in Logitech International by 764.4% in the 1st quarter. Global Retirement Partners LLC now owns 389 shares of the technology company's stock worth $35,000 after buying an additional 344 shares in the last quarter. Blue Trust Inc. increased its position in Logitech International by 65.6% in the 4th quarter. Blue Trust Inc. now owns 424 shares of the technology company's stock valued at $40,000 after acquiring an additional 168 shares during the period. National Bank of Canada FI raised its stake in Logitech International by 529.4% during the 4th quarter. National Bank of Canada FI now owns 428 shares of the technology company's stock valued at $40,000 after acquiring an additional 360 shares in the last quarter. Finally, Mather Group LLC. bought a new stake in Logitech International during the 1st quarter valued at $42,000. 45.76% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. Morgan Stanley reiterated an "underweight" rating and set a $75.00 target price (down from $85.00) on shares of Logitech International in a research note on Monday, April 15th. Wedbush reissued a "neutral" rating and set a $92.00 price objective on shares of Logitech International in a report on Tuesday. Barclays boosted their target price on shares of Logitech International from $96.00 to $104.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Logitech International in a research note on Tuesday, April 16th. Finally, Berenberg Bank started coverage on Logitech International in a report on Thursday, March 14th. They issued a "buy" rating and a $111.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $91.00.
Check Out Our Latest Stock Report on LOGI
Logitech International Company Profile
(
Get Free Report)
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.
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