Henry James International Management Inc. Has $5.89 Million Position in Logitech International S.A. (NASDAQ:LOGI)

Henry James International Management Inc. cut its holdings in Logitech International S.A. (NASDAQ:LOGI) by 1.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 61,944 shares of the technology company’s stock after selling 721 shares during the quarter. Logitech International comprises 2.2% of Henry James International Management Inc.’s holdings, making the stock its 13th biggest position. Henry James International Management Inc.’s holdings in Logitech International were worth $5,888,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of LOGI. Benjamin F. Edwards & Company Inc. bought a new position in Logitech International during the 4th quarter worth about $33,000. Blue Trust Inc. grew its holdings in shares of Logitech International by 65.6% during the fourth quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock worth $40,000 after buying an additional 168 shares in the last quarter. Allworth Financial LP raised its position in Logitech International by 249.1% in the 3rd quarter. Allworth Financial LP now owns 754 shares of the technology company’s stock valued at $52,000 after buying an additional 538 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Logitech International in the 4th quarter valued at approximately $104,000. Finally, Yousif Capital Management LLC bought a new stake in Logitech International in the 3rd quarter valued at approximately $200,000. 45.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Logitech International news, insider Samantha Harnett sold 650 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $84.17, for a total value of $54,710.50. Following the transaction, the insider now directly owns 11,910 shares of the company’s stock, valued at approximately $1,002,464.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, COO Prakash Arunkundrum sold 699 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $90.00, for a total value of $62,910.00. Following the completion of the sale, the chief operating officer now owns 67,848 shares of the company’s stock, valued at $6,106,320. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Samantha Harnett sold 650 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $84.17, for a total transaction of $54,710.50. Following the completion of the transaction, the insider now owns 11,910 shares in the company, valued at $1,002,464.70. The disclosure for this sale can be found here. Insiders sold a total of 24,572 shares of company stock valued at $2,207,555 over the last ninety days. 0.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LOGI shares. Wedbush reiterated a “neutral” rating and issued a $92.00 price objective on shares of Logitech International in a report on Tuesday, April 30th. Barclays increased their price objective on shares of Logitech International from $96.00 to $104.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Citigroup raised their price objective on Logitech International from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Berenberg Bank initiated coverage on Logitech International in a report on Thursday, March 14th. They set a “buy” rating and a $111.00 target price on the stock. Finally, StockNews.com cut Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 14th. Two investment 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.com, the company currently has a consensus rating of “Hold” and an average price target of $91.00.

Logitech International Stock Performance

Logitech International stock traded up $0.32 during midday trading on Friday, reaching $82.09. 444,841 shares of the company’s stock were exchanged, compared to its average volume of 597,520. The stock’s 50-day simple moving average is $86.37 and its 200 day simple moving average is $86.63. The firm has a market cap of $12.98 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 2.66 and a beta of 0.78. Logitech International S.A. has a 52 week low of $53.91 and a 52 week high of $96.66.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Monday, April 29th. The technology company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.55 by $0.34. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $956.85 million. Logitech International had a return on equity of 27.68% and a net margin of 14.24%. Research analysts forecast that Logitech International S.A. will post 3.81 earnings per share for the current year.

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.