Allianz Asset Management GmbH Trims Holdings in Logitech International S.A. (NASDAQ:LOGI)

Allianz Asset Management GmbH lowered its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 38.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,035,184 shares of the technology company’s stock after selling 652,782 shares during the period. Allianz Asset Management GmbH’s holdings in Logitech International were worth $85,714,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LOGI. Creative Planning boosted 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 valued at $2,841,000 after acquiring an additional 3,056 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Logitech International by 34,129.6% during the third 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. Private Advisor Group LLC boosted its holdings in Logitech International by 39.7% in the 3rd quarter. Private Advisor Group LLC now owns 4,141 shares of the technology company’s stock valued at $372,000 after purchasing an additional 1,177 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Logitech International in the 3rd quarter valued at approximately $4,316,000. Finally, Mediolanum International Funds Ltd grew its stake in shares of Logitech International by 12.0% in the 3rd quarter. Mediolanum International Funds Ltd now owns 42,254 shares of the technology company’s stock valued at $3,762,000 after buying an additional 4,511 shares during the period. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Logitech International

In other Logitech International news, insider Samantha Harnett sold 300 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $96.60, for a total value of $28,980.00. Following the sale, the insider now owns 7,348 shares of the company’s stock, valued at $709,816.80. This trade represents a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LOGI has been the topic of several analyst reports. Kepler Capital Markets raised shares of Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Citigroup upped their price target on Logitech International from $92.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded Logitech International from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Wedbush restated a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a report on Wednesday, January 22nd. Finally, Bank of America lowered shares of Logitech International from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $114.00 to $92.00 in a research note on Monday, December 16th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $97.13.

Logitech International Price Performance

Shares of Logitech International stock opened at $104.00 on Friday. The stock has a market capitalization of $16.45 billion, a price-to-earnings ratio of 24.41, a price-to-earnings-growth ratio of 2.63 and a beta of 0.78. The business has a 50-day moving average of $91.16 and a 200 day moving average of $87.13. 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 posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 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%. Equities research analysts anticipate that Logitech International S.A. will post 4.21 earnings per share for the current 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.