Entropy Technologies LP Purchases Shares of 3,810 Logitech International S.A. (NASDAQ:LOGI)

Entropy Technologies LP purchased a new stake in shares of Logitech International S.A. (NASDAQ:LOGI) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,810 shares of the technology company’s stock, valued at approximately $314,000.

Several other large investors have also added to or reduced their stakes in the company. Exane Asset Management purchased a new stake in Logitech International during the 4th quarter valued at about $32,000. Financial Advocates Investment Management purchased a new stake in Logitech International during the 4th quarter valued at about $448,000. Willis Investment Counsel grew its stake in Logitech International by 2.6% during the 4th quarter. Willis Investment Counsel now owns 16,401 shares of the technology company’s stock valued at $1,351,000 after purchasing an additional 408 shares during the last quarter. Capital Insight Partners LLC grew its stake in Logitech International by 8.1% during the 4th quarter. Capital Insight Partners LLC now owns 51,687 shares of the technology company’s stock valued at $4,256,000 after purchasing an additional 3,851 shares during the last quarter. Finally, Mediolanum International Funds Ltd grew its stake in Logitech International by 43.1% during the 4th quarter. Mediolanum International Funds Ltd now owns 60,472 shares of the technology company’s stock valued at $4,993,000 after purchasing an additional 18,218 shares during the last quarter. 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, insider Samantha Harnett sold 300 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $96.60, for a total transaction of $28,980.00. Following the completion of the transaction, the insider now owns 7,348 shares of the company’s stock, valued at $709,816.80. This represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on LOGI shares. JPMorgan Chase & Co. boosted their price target on Logitech International from $99.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Wedbush reissued a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a report on Wednesday, January 22nd. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft raised Logitech International from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Finally, Citigroup boosted their price objective on Logitech International from $92.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $97.13.

Logitech International Trading Up 2.9 %

NASDAQ LOGI opened at $103.30 on Friday. The stock has a market capitalization of $16.34 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 2.54 and a beta of 0.78. Logitech International S.A. has a twelve month low of $74.72 and a twelve month high of $103.54. The stock has a 50-day moving average of $88.81 and a 200 day moving average of $86.45.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.07. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. Equities analysts predict that Logitech International S.A. will post 4.18 EPS for the current fiscal year.

Logitech International Company Profile

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.