Sierra Ocean LLC Invests $27,000 in Logitech International S.A. (NASDAQ:LOGI)

Sierra Ocean LLC purchased a new stake in Logitech International S.A. (NASDAQ:LOGI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 322 shares of the technology company’s stock, valued at approximately $27,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CWM LLC raised its position in shares of Logitech International by 21.3% during the 3rd quarter. CWM LLC now owns 2,062 shares of the technology company’s stock worth $185,000 after purchasing an additional 362 shares during the period. Creative Planning raised its position in shares of Logitech International by 10.7% during the 3rd quarter. Creative Planning now owns 31,667 shares of the technology company’s stock worth $2,841,000 after purchasing an additional 3,056 shares during the period. Blue Trust Inc. raised its position in shares of Logitech International by 301.4% during the 3rd quarter. Blue Trust Inc. now owns 5,833 shares of the technology company’s stock worth $565,000 after purchasing an additional 4,380 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Logitech International by 34,129.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 9,242 shares of the technology company’s stock worth $828,000 after purchasing an additional 9,215 shares during the period. Finally, Pictet North America Advisors SA grew its holdings in Logitech International by 2.5% in the 3rd quarter. Pictet North America Advisors SA now owns 34,875 shares of the technology company’s stock worth $3,124,000 after buying an additional 847 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International Stock Down 0.4 %

LOGI opened at $104.64 on Wednesday. The stock has a fifty day moving average of $90.01 and a 200-day moving average of $86.77. The firm has a market capitalization of $16.55 billion, a P/E ratio of 24.56, a PEG ratio of 2.54 and a beta of 0.78. Logitech International S.A. has a 12-month low of $74.72 and a 12-month high of $105.65.

Logitech International (NASDAQ:LOGI) last released its earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating 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%. On average, analysts expect that Logitech International S.A. will post 4.18 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Samantha Harnett sold 300 shares of the stock in a transaction 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 sale, the insider now directly owns 7,348 shares in the company, valued at approximately $709,816.80. This trade 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 accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LOGI shares. Bank of America lowered Logitech International from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $114.00 to $92.00 in a report on Monday, December 16th. StockNews.com raised Logitech International from a “hold” rating to a “buy” rating in a report on Wednesday, February 5th. Morgan Stanley raised Logitech International from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $73.00 to $92.00 in a report on Thursday, January 23rd. Wedbush reaffirmed a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research note on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft raised Logitech International from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $97.13.

Logitech International 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.