Cambridge Investment Research Advisors Inc. Has $837,000 Stock Position in Logitech International S.A. (NASDAQ:LOGI)

Cambridge Investment Research Advisors Inc. lowered its position in Logitech International S.A. (NASDAQ:LOGI – Get Rating) by 24.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,439 shares of the technology company’s stock after selling 4,242 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Logitech International were worth $837,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Glassman Wealth Services increased its holdings in shares of Logitech International by 408.7% in the fourth quarter. Glassman Wealth Services now owns 524 shares of the technology company’s stock worth $33,000 after acquiring an additional 421 shares in the last quarter. CWM LLC lifted its stake in Logitech International by 59.0% in the fourth quarter. CWM LLC now owns 916 shares of the technology company’s stock valued at $57,000 after buying an additional 340 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Logitech International by 14.4% in the third quarter. EverSource Wealth Advisors LLC now owns 1,872 shares of the technology company’s stock valued at $86,000 after buying an additional 235 shares during the period. Quadrant Capital Group LLC increased its position in shares of Logitech International by 48.2% during the third quarter. Quadrant Capital Group LLC now owns 2,463 shares of the technology company’s stock worth $113,000 after acquiring an additional 801 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Logitech International by 19.3% during the second quarter. Captrust Financial Advisors now owns 3,682 shares of the technology company’s stock worth $192,000 after acquiring an additional 595 shares during the period. Institutional investors and hedge funds own 35.93% of the company’s stock.

Insider Transactions at Logitech International

In related news, insider Samantha Harnett sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $56.36, for a total value of $140,900.00. Following the completion of the sale, the insider now directly owns 14,784 shares in the company, valued at approximately $833,226.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.76% of the stock is owned by company insiders.

Logitech International Trading Up 2.5 %

NASDAQ LOGI opened at $65.39 on Monday. The firm has a market capitalization of $10.70 billion, a P/E ratio of 29.32, a price-to-earnings-growth ratio of 1.80 and a beta of 0.90. The firm’s fifty day moving average price is $58.26 and its two-hundred day moving average price is $58.44. Logitech International S.A. has a 1 year low of $41.81 and a 1 year high of $68.17.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LOGI. StockNews.com initiated coverage on shares of Logitech International in a research note on Thursday. They issued a “hold” rating for the company. Morgan Stanley raised Logitech International from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $40.00 to $56.00 in a research report on Monday, May 1st. Barclays upped their price target on Logitech International from $60.00 to $71.00 in a research report on Wednesday, May 3rd. TheStreet downgraded shares of Logitech International from a “b-” rating to a “c” rating in a report on Monday, May 1st. Finally, Credit Suisse Group cut shares of Logitech International from an “outperform” rating to a “neutral” rating in a report on Monday, March 13th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $64.67.

Logitech International Profile

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Logitech International SA is a holding company, which engages in the design, manufacture, and marketing of peripherals for PCs, tablets, and other digital platforms. Its products include mice, keyboards, presentation remotes, headsets, and speakers. The firm offers solutions for healthy computing, wireless charging, streaming, virtual reality, schools, healthcare, and software and apps.