Logitech International S.A. (NASDAQ:LOGI) Short Interest Update

Logitech International S.A. (NASDAQ:LOGI) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 4,270,000 shares, a decline of 27.3% from the January 15th total of 5,870,000 shares. Based on an average trading volume of 608,200 shares, the short-interest ratio is currently 7.0 days. Currently, 3.3% of the company’s shares are short sold.

Insider Activity

In other news, insider Samantha Harnett sold 300 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total value of $28,980.00. Following the sale, the insider now directly owns 7,348 shares of the company’s stock, valued at approximately $709,816.80. The trade was a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.16% of the company’s stock.

Institutional Trading of Logitech International

Large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its stake in Logitech International by 4,876.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock worth $13,798,000 after purchasing an additional 164,185 shares during the period. SpiderRock Advisors LLC acquired a new stake in Logitech International during the 3rd quarter worth $1,431,000. Assetmark Inc. boosted its stake in Logitech International by 6,766.2% during the 3rd quarter. Assetmark Inc. now owns 49,231 shares of the technology company’s stock worth $4,418,000 after purchasing an additional 48,514 shares during the period. Summit Global Investments acquired a new stake in Logitech International during the 3rd quarter worth $1,299,000. Finally, Strengthening Families & Communities LLC boosted its stake in Logitech International by 9.2% during the 3rd quarter. Strengthening Families & Communities LLC now owns 4,498 shares of the technology company’s stock worth $404,000 after purchasing an additional 378 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Price Performance

Shares of Logitech International stock traded up $1.76 during trading hours on Friday, hitting $105.06. The company had a trading volume of 868,872 shares, compared to its average volume of 961,655. The company’s 50-day moving average is $89.21 and its two-hundred day moving average is $86.55. Logitech International has a twelve month low of $74.72 and a twelve month high of $105.65. The company has a market cap of $16.62 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 2.54 and a beta of 0.78.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.53%. Sell-side analysts expect that Logitech International will post 4.18 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Kepler Capital Markets raised shares of Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th. StockNews.com raised shares of Logitech International from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, Wedbush reaffirmed a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research note on Wednesday, January 22nd. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $97.13.

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.