Investment Management Corp of Ontario Raises Stake in Logitech International S.A. (NASDAQ:LOGI)

Investment Management Corp of Ontario lifted its stake in Logitech International S.A. (NASDAQ:LOGI) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,439 shares of the technology company’s stock after purchasing an additional 170 shares during the period. Investment Management Corp of Ontario’s holdings in Logitech International were worth $3,629,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in LOGI. Acadian Asset Management LLC grew its stake in Logitech International by 7.4% in the 2nd quarter. Acadian Asset Management LLC now owns 6,665,114 shares of the technology company’s stock worth $644,642,000 after acquiring an additional 457,630 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Logitech International by 3.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company’s stock worth $219,611,000 after purchasing an additional 89,788 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Logitech International by 8.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,623,908 shares of the technology company’s stock worth $157,324,000 after purchasing an additional 120,000 shares during the period. Assenagon Asset Management S.A. raised its position in Logitech International by 166.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,279,414 shares of the technology company’s stock valued at $123,759,000 after purchasing an additional 798,759 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Logitech International by 1.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,097,951 shares of the technology company’s stock worth $98,348,000 after buying an additional 19,046 shares during the period. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Insider Buying and Selling at Logitech International

In other Logitech International news, Director Guy Gecht acquired 2,500 shares of the stock in a transaction dated Thursday, October 24th. The stock was acquired at an average price of $81.12 per share, with a total value of $202,800.00. Following the completion of the purchase, the director now owns 18,503 shares in the company, valued at $1,500,963.36. This trade represents a 15.62 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by corporate insiders.

Logitech International Trading Down 0.6 %

Logitech International stock opened at $81.76 on Wednesday. The company has a 50-day moving average price of $83.11 and a 200 day moving average price of $88.87. Logitech International S.A. has a 12-month low of $74.72 and a 12-month high of $102.59. The stock has a market cap of $12.93 billion, a P/E ratio of 18.21, a PEG ratio of 1.87 and a beta of 0.78.

Analysts Set New Price Targets

LOGI has been the subject of several recent research reports. Wedbush restated a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a report on Wednesday, October 23rd. Loop Capital reduced their price target on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a report on Monday, October 28th. UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reduced their price objective on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Barclays reduced their price target on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $93.00.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.