Logitech International S.A. (NASDAQ:LOGI) insider Luca Guerrino De sold 15,000 shares of Logitech International stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $36.04, for a total transaction of $540,600.00. Following the completion of the transaction, the insider now owns 321,204 shares of the company’s stock, valued at approximately $11,576,192.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Logitech International S.A. (LOGI) traded down 0.75% on Friday, reaching $34.36. 302,216 shares of the company traded hands. Logitech International S.A. has a 52-week low of $20.97 and a 52-week high of $40.82. The stock has a 50-day moving average of $36.78 and a 200 day moving average of $33.72. The company has a market capitalization of $5.63 billion, a PE ratio of 25.89 and a beta of 0.57.
Logitech International (NASDAQ:LOGI) last issued its quarterly earnings data on Monday, July 24th. The technology company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The business had revenue of $529.95 million during the quarter, compared to the consensus estimate of $521.24 million. Logitech International had a net margin of 9.15% and a return on equity of 25.18%. On average, equities analysts forecast that Logitech International S.A. will post $1.47 EPS for the current year.
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Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Logitech International from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Loop Capital assumed coverage on shares of Logitech International in a research report on Monday, July 24th. They issued a “buy” rating and a $48.00 price objective for the company. Citigroup Inc. assumed coverage on shares of Logitech International in a research report on Thursday, July 6th. They issued a “buy” rating and a $44.00 price objective for the company. Finally, Aegis assumed coverage on shares of Logitech International in a research report on Tuesday, June 13th. They issued a “buy” rating and a $48.00 price objective for the company. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $33.98.
Institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC bought a new position in shares of Logitech International during the first quarter valued at approximately $219,000. Janney Montgomery Scott LLC acquired a new position in Logitech International during the second quarter valued at about $227,000. Dixon Hubard Feinour & Brown Inc. VA acquired a new position in Logitech International during the first quarter valued at about $239,000. Fox Run Management L.L.C. acquired a new position in Logitech International during the second quarter valued at about $246,000. Finally, Quantbot Technologies LP acquired a new position in Logitech International during the second quarter valued at about $254,000. 37.43% of the stock is owned by institutional investors and hedge funds.
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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