Envestnet Asset Management Inc. Has $1.76 Million Stock Position in Logitech International S.A. (NASDAQ:LOGI)

Envestnet Asset Management Inc. cut its position in Logitech International S.A. (NASDAQ:LOGI – Get Rating) by 23.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,260 shares of the technology company’s stock after selling 8,606 shares during the period. Envestnet Asset Management Inc.’s holdings in Logitech International were worth $1,759,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Glassman Wealth Services grew its position in Logitech International by 408.7% during the 4th quarter. Glassman Wealth Services now owns 524 shares of the technology company’s stock worth $33,000 after acquiring an additional 421 shares during the last quarter. CWM LLC increased its position in Logitech International by 59.0% in the 4th quarter. CWM LLC now owns 916 shares of the technology company’s stock valued at $57,000 after acquiring an additional 340 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake 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 worth $86,000 after acquiring an additional 235 shares during the last quarter. Quadrant Capital Group LLC lifted 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 purchasing an additional 801 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake 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 valued at $192,000 after purchasing an additional 595 shares during the last quarter. 35.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Logitech International

In other news, insider Samantha Harnett sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $56.36, for a total transaction of $140,900.00. Following the sale, the insider now owns 14,784 shares of the company’s stock, valued at $833,226.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.76% of the company’s stock.

Logitech International Stock Performance

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

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup boosted their price objective on shares of Logitech International from $60.00 to $73.00 in a research report on Wednesday, May 3rd. Credit Suisse Group cut Logitech International from an “outperform” rating to a “neutral” rating in a report on Monday, March 13th. UBS Group cut Logitech International from a “neutral” rating to a “sell” rating in a report on Wednesday, May 3rd. Loop Capital raised their target price on shares of Logitech International from $50.00 to $55.00 in a research note on Thursday, January 26th. Finally, StockNews.com began coverage on shares of Logitech International in a research report on Thursday. They set a “hold” rating for the company. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $64.67.

Logitech International Company 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.