MML Investors Services LLC Raises Position in Logitech International S.A. (NASDAQ:LOGI)

MML Investors Services LLC raised its holdings in shares of Logitech International S.A. (NASDAQ:LOGI) by 16.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,935 shares of the technology company’s stock after buying an additional 411 shares during the quarter. MML Investors Services LLC’s holdings in Logitech International were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in LOGI. Acadian Asset Management LLC grew its holdings in shares of Logitech International by 7.4% during the second quarter. Acadian Asset Management LLC now owns 6,665,114 shares of the technology company’s stock worth $644,642,000 after purchasing an additional 457,630 shares in the last quarter. Marshall Wace LLP grew its stake in Logitech International by 57.3% in the 2nd quarter. Marshall Wace LLP now owns 450,897 shares of the technology company’s stock worth $43,615,000 after buying an additional 164,307 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Logitech International by 8.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,623,908 shares of the technology company’s stock worth $157,324,000 after buying an additional 120,000 shares during the last quarter. Achmea Investment Management B.V. raised its position in shares of Logitech International by 444.0% during the 2nd quarter. Achmea Investment Management B.V. now owns 130,634 shares of the technology company’s stock valued at $12,636,000 after buying an additional 106,622 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Logitech International by 380.7% during the 2nd quarter. Hsbc Holdings PLC now owns 122,926 shares of the technology company’s stock worth $11,883,000 after acquiring an additional 97,353 shares during the last quarter. 45.76% of the stock is currently owned by institutional investors.

Insider Transactions at Logitech International

In related news, Director Guy Gecht acquired 2,500 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was acquired at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the acquisition, the director now owns 18,503 shares of the company’s stock, valued at $1,500,963.36. This trade represents a 15.62 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LOGI. Loop Capital lowered their price target on Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. StockNews.com cut Logitech International from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Wedbush reaffirmed a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price target on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, Barclays cut their price objective on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $92.88.

Logitech International Price Performance

NASDAQ LOGI opened at $83.03 on Thursday. Logitech International S.A. has a 1 year low of $74.72 and a 1 year high of $102.59. The stock has a market capitalization of $13.13 billion, a PE ratio of 18.49, a PEG ratio of 1.92 and a beta of 0.78. The business’s 50-day moving average is $82.03 and its 200 day moving average is $87.39.

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.