Henry James International Management Inc. Lowers Stock Holdings in Logitech International S.A. (NASDAQ:LOGI)

Henry James International Management Inc. reduced its position in Logitech International S.A. (NASDAQ:LOGI) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,944 shares of the technology company’s stock after selling 721 shares during the quarter. Logitech International accounts for about 2.2% of Henry James International Management Inc.’s holdings, making the stock its 13th largest holding. Henry James International Management Inc.’s holdings in Logitech International were worth $5,888,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. bought a new stake in Logitech International in the fourth quarter worth $33,000. Blue Trust Inc. increased its holdings in shares of Logitech International by 65.6% in the fourth quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock worth $40,000 after buying an additional 168 shares during the period. Allworth Financial LP lifted its stake in shares of Logitech International by 249.1% in the 3rd quarter. Allworth Financial LP now owns 754 shares of the technology company’s stock valued at $52,000 after acquiring an additional 538 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Logitech International during the 4th quarter valued at about $104,000. Finally, Yousif Capital Management LLC bought a new position in Logitech International during the 3rd quarter worth approximately $200,000. 45.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LOGI shares. Berenberg Bank assumed coverage on Logitech International in a research report on Thursday, March 14th. They issued a “buy” rating and a $111.00 price objective for the company. Barclays upped their price target on shares of Logitech International from $96.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Morgan Stanley reissued an “underweight” rating and issued a $75.00 price target (down previously from $85.00) on shares of Logitech International in a report on Monday, April 15th. Wedbush restated a “neutral” rating and issued a $92.00 price objective on shares of Logitech International in a research report on Tuesday, April 30th. Finally, StockNews.com lowered shares of Logitech International from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $91.00.

Logitech International Stock Up 0.4 %

Shares of NASDAQ:LOGI traded up $0.32 on Friday, hitting $82.09. The company had a trading volume of 444,841 shares, compared to its average volume of 597,520. The firm’s 50-day simple moving average is $86.37 and its two-hundred day simple moving average is $86.63. The firm has a market capitalization of $12.98 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 2.66 and a beta of 0.78. Logitech International S.A. has a 1 year low of $53.91 and a 1 year high of $96.66.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings data on Monday, April 29th. The technology company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.55 by $0.34. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $956.85 million. Logitech International had a net margin of 14.24% and a return on equity of 27.68%. Equities research analysts anticipate that Logitech International S.A. will post 3.81 EPS for the current year.

Insider Activity at Logitech International

In other news, insider Samantha Harnett sold 650 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $84.17, for a total transaction of $54,710.50. Following the sale, the insider now owns 11,910 shares in the company, valued at approximately $1,002,464.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Samantha Harnett sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $84.17, for a total transaction of $54,710.50. Following the completion of the transaction, the insider now owns 11,910 shares of the company’s stock, valued at approximately $1,002,464.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Prakash Arunkundrum sold 699 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $90.00, for a total value of $62,910.00. Following the completion of the sale, the chief operating officer now directly owns 67,848 shares in the company, valued at $6,106,320. The disclosure for this sale can be found here. Insiders have sold 24,572 shares of company stock worth $2,207,555 over the last ninety days. 0.15% of the stock is owned by corporate insiders.

Logitech International Company Profile

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.