Legal & General Group Plc Lowers Stock Holdings in Logitech International S.A. $LOGI

Legal & General Group Plc cut its position in Logitech International S.A. (NASDAQ:LOGI) by 13.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,228,540 shares of the technology company’s stock after selling 199,048 shares during the quarter. Legal & General Group Plc’s holdings in Logitech International were worth $110,263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new position in Logitech International during the 2nd quarter valued at about $27,000. Quarry LP purchased a new stake in Logitech International during the first quarter worth about $33,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Logitech International during the first quarter worth about $64,000. SVB Wealth LLC purchased a new position in shares of Logitech International in the first quarter valued at approximately $82,000. Finally, Headlands Technologies LLC acquired a new position in shares of Logitech International in the first quarter valued at approximately $130,000. Institutional investors and hedge funds own 45.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LOGI shares. Wall Street Zen upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. BNP Paribas upgraded Logitech International from a “hold” rating to a “strong-buy” rating and increased their price objective for the company from $100.00 to $109.00 in a research note on Tuesday, August 5th. Barclays lifted their target price on Logitech International from $107.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Wedbush upped their price target on Logitech International from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on Logitech International from $104.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $106.00.

Logitech International Price Performance

LOGI stock opened at $112.10 on Tuesday. The company has a market cap of $17.73 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 4.25 and a beta of 1.05. The company has a fifty day moving average price of $112.67 and a 200 day moving average price of $100.17. Logitech International S.A. has a 12 month low of $64.73 and a 12 month high of $123.01.

Logitech International (NASDAQ:LOGI) last announced its earnings results on Tuesday, October 28th. The technology company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.23. Logitech International had a net margin of 14.11% and a return on equity of 32.01%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. Logitech International has set its Q3 2026 guidance at EPS. As a group, analysts anticipate that Logitech International S.A. will post 4.21 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Prakash Arunkundrum sold 5,000 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $111.03, for a total transaction of $555,150.00. Following the completion of the sale, the insider directly owned 62,437 shares of the company’s stock, valued at $6,932,380.11. This trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Neela Montgomery sold 5,833 shares of Logitech International stock in a transaction on Friday, October 31st. The shares were sold at an average price of $120.61, for a total transaction of $703,518.13. Following the completion of the transaction, the director owned 12,781 shares in the company, valued at approximately $1,541,516.41. This trade represents a 31.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 20,733 shares of company stock valued at $2,298,168 over the last ninety days. 0.19% of the stock is owned by insiders.

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.