DekaBank Deutsche Girozentrale Lowers Stake in Logitech International S.A. $LOGI

DekaBank Deutsche Girozentrale reduced its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 7.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 347,673 shares of the technology company’s stock after selling 27,638 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Logitech International were worth $31,492,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Fulton Bank N.A. boosted its stake in shares of Logitech International by 1.5% during the 2nd quarter. Fulton Bank N.A. now owns 7,000 shares of the technology company’s stock worth $631,000 after acquiring an additional 106 shares in the last quarter. State of Wyoming boosted its stake in shares of Logitech International by 4.2% during the 1st quarter. State of Wyoming now owns 3,340 shares of the technology company’s stock worth $282,000 after acquiring an additional 135 shares in the last quarter. US Bancorp DE boosted its stake in shares of Logitech International by 1.7% during the 1st quarter. US Bancorp DE now owns 8,484 shares of the technology company’s stock worth $716,000 after acquiring an additional 140 shares in the last quarter. Kestra Investment Management LLC lifted its stake in Logitech International by 4.7% in the 1st quarter. Kestra Investment Management LLC now owns 3,775 shares of the technology company’s stock valued at $319,000 after buying an additional 170 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its stake in Logitech International by 7.6% in the 2nd quarter. Yousif Capital Management LLC now owns 2,821 shares of the technology company’s stock valued at $254,000 after buying an additional 200 shares in the last quarter. 45.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on LOGI. BNP Paribas Exane raised shares of Logitech International from a “neutral” rating to an “outperform” rating and set a $109.00 price target on the stock in a research note on Tuesday, August 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Logitech International in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on shares of Logitech International from $80.00 to $104.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Barclays raised their price target on shares of Logitech International from $92.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Finally, Wedbush raised their price target on shares of Logitech International from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.89.

Logitech International Price Performance

LOGI opened at $109.55 on Thursday. The company’s 50 day simple moving average is $107.09 and its two-hundred day simple moving average is $92.96. Logitech International S.A. has a 1-year low of $64.73 and a 1-year high of $114.94.

Logitech International (NASDAQ:LOGI) last released its earnings results on Tuesday, July 29th. The technology company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. Logitech International had a net margin of 13.78% and a return on equity of 30.81%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the company posted $1.13 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Logitech International has set its Q2 2026 guidance at EPS. Equities research analysts anticipate that Logitech International S.A. will post 4.21 EPS for the current year.

Insiders Place Their Bets

In other Logitech International news, insider Prakash Arunkundrum sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $111.03, for a total value of $555,150.00. Following the completion of the transaction, the insider owned 62,437 shares in the company, valued at $6,932,380.11. The trade was a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.19% of the company’s stock.

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.