Logitech International S.A. (NASDAQ:LOGI) Insider Samantha Harnett Sells 800 Shares

Logitech International S.A. (NASDAQ:LOGI – Get Rating) insider Samantha Harnett sold 800 shares of Logitech International stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $65.35, for a total transaction of $52,280.00. Following the sale, the insider now directly owns 13,984 shares in the company, valued at approximately $913,854.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Samantha Harnett also recently made the following trade(s):

• On Wednesday, April 26th, Samantha Harnett sold 2,500 shares of Logitech International stock. The shares were sold at an average price of $56.36, for a total value of $140,900.00.

Logitech International Stock Up 2.1 %

LOGI opened at $65.77 on Friday. The firm has a market cap of $10.76 billion, a P/E ratio of 28.89, a P/E/G ratio of 1.79 and a beta of 0.90. Logitech International S.A. has a 52 week low of $41.81 and a 52 week high of $68.17. The business has a fifty day simple moving average of $59.17 and a 200-day simple moving average of $58.73.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LOGI. PNC Financial Services Group Inc. raised its position in Logitech International by 9.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,018 shares of the technology company’s stock valued at $223,000 after purchasing an additional 249 shares in the last quarter. Natixis Advisors L.P. purchased a new position in Logitech International in the first quarter valued at $1,064,000. BlackRock Inc. raised its stake in Logitech International by 19.2% in the first quarter. BlackRock Inc. now owns 578,107 shares of the technology company’s stock valued at $42,652,000 after buying an additional 93,104 shares in the last quarter. Cibc World Market Inc. boosted its position in shares of Logitech International by 51.9% during the 1st quarter. Cibc World Market Inc. now owns 8,775 shares of the technology company’s stock worth $647,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Logitech International by 24.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 469,184 shares of the technology company’s stock valued at $34,625,000 after acquiring an additional 91,536 shares during the last quarter. Institutional investors and hedge funds own 35.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Credit Suisse Group cut Logitech International from an “outperform” rating to a “neutral” rating in a report on Monday, March 13th. Loop Capital raised their price objective on shares of Logitech International from $50.00 to $55.00 in a research report on Thursday, January 26th. Citigroup boosted their target price on shares of Logitech International from $60.00 to $73.00 in a report on Wednesday, May 3rd. TheStreet downgraded shares of Logitech International from a “b-” rating to a “c” rating in a report on Monday, May 1st. Finally, UBS Group cut Logitech International from a “neutral” rating to a “sell” rating in a report on Wednesday, May 3rd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $64.67.

About Logitech International

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Logitech International SA is a holding company, which engages in the design, manufacture, and marketing of peripherals for PCs, tablets, and other digital platforms. Its products include mice, keyboards, presentation remotes, headsets, and speakers. The firm offers solutions for healthy computing, wireless charging, streaming, virtual reality, schools, healthcare, and software and apps.