Tealwood Asset Management Inc. Purchases 175 Shares of Logitech International S.A. (NASDAQ:LOGI)

Tealwood Asset Management Inc. grew its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,952 shares of the technology company’s stock after buying an additional 175 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Logitech International were worth $1,231,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new stake in Logitech International during the second quarter worth $35,000. Employees Retirement System of Texas bought a new stake in shares of Logitech International during the 2nd quarter worth $63,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Logitech International by 139.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock worth $82,000 after buying an additional 495 shares during the last quarter. Transamerica Financial Advisors Inc. grew its position in Logitech International by 115,300.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock valued at $104,000 after buying an additional 1,153 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Logitech International during the third quarter worth about $105,000. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Insider Activity

In other news, Director Guy Gecht acquired 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were bought at an average cost of $81.12 per share, with a total value of $202,800.00. Following the acquisition, the director now owns 18,503 shares in the company, valued at approximately $1,500,963.36. This represents a 15.62 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Logitech International Trading Down 0.2 %

LOGI stock opened at $85.55 on Tuesday. The company’s 50 day moving average is $82.10 and its 200 day moving average is $86.00. The stock has a market cap of $13.53 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.92 and a beta of 0.77. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $102.59.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LOGI. Loop Capital dropped their target price on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Wedbush reiterated a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a research note on Wednesday, October 23rd. Barclays cut their price target on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Finally, Bank of America cut Logitech International from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $114.00 to $92.00 in a report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $92.88.

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.