Charles D. Boynton Purchases 1,225 Shares of Logitech International S.A. (NASDAQ:LOGI) Stock

Logitech International S.A. (NASDAQ:LOGI) CFO Charles D. Boynton purchased 1,225 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average cost of $81.27 per share, with a total value of $99,555.75. Following the transaction, the chief financial officer now directly owns 1,225 shares of the company’s stock, valued at $99,555.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Logitech International Price Performance

LOGI opened at $82.09 on Friday. Logitech International S.A. has a one year low of $53.91 and a one year high of $96.66. The company’s 50 day simple moving average is $86.37 and its 200-day simple moving average is $86.63. The stock has a market capitalization of $12.98 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 2.66 and a beta of 0.78.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Monday, April 29th. The technology company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.55 by $0.34. Logitech International had a net margin of 14.24% and a return on equity of 27.68%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $956.85 million. As a group, analysts anticipate that Logitech International S.A. will post 3.81 EPS for the current year.

Institutional Trading of Logitech International

Hedge funds have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. acquired a new position in Logitech International in the fourth quarter valued at approximately $33,000. Global Retirement Partners LLC lifted its holdings in Logitech International by 764.4% in the first quarter. Global Retirement Partners LLC now owns 389 shares of the technology company’s stock valued at $35,000 after buying an additional 344 shares during the period. Blue Trust Inc. lifted its holdings in Logitech International by 65.6% in the fourth quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock valued at $40,000 after buying an additional 168 shares during the period. National Bank of Canada FI lifted its holdings in Logitech International by 529.4% in the fourth quarter. National Bank of Canada FI now owns 428 shares of the technology company’s stock valued at $40,000 after buying an additional 360 shares during the period. Finally, Mather Group LLC. acquired a new position in Logitech International in the first quarter valued at approximately $42,000. 45.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Barclays increased their price target on shares of Logitech International from $96.00 to $104.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Citigroup increased their price target on shares of Logitech International from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. cut shares of Logitech International from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $92.00 to $85.00 in a research note on Wednesday. Morgan Stanley reaffirmed an “underweight” rating and set a $75.00 price objective (down from $85.00) on shares of Logitech International in a research note on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Logitech International in a research note on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $91.00.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.