Logitech International S.A. $LOGI Holdings Lifted by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. boosted its holdings in Logitech International S.A. (NASDAQ:LOGI) by 31.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 713,509 shares of the technology company’s stock after acquiring an additional 171,307 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Logitech International were worth $64,037,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in shares of Logitech International by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 353,147 shares of the technology company’s stock worth $29,809,000 after purchasing an additional 2,050 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Logitech International by 8.9% during the first quarter. Envestnet Asset Management Inc. now owns 109,716 shares of the technology company’s stock valued at $9,261,000 after purchasing an additional 8,971 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Logitech International by 49.9% during the first quarter. Brown Advisory Inc. now owns 9,007 shares of the technology company’s stock worth $760,000 after buying an additional 3,000 shares in the last quarter. Cerity Partners LLC grew its position in Logitech International by 390.2% in the first quarter. Cerity Partners LLC now owns 27,493 shares of the technology company’s stock worth $2,321,000 after buying an additional 21,885 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its holdings in shares of Logitech International by 16.6% in the first quarter. Kestra Private Wealth Services LLC now owns 9,449 shares of the technology company’s stock valued at $798,000 after buying an additional 1,344 shares in the last quarter. 45.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Logitech International news, 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 sale, the director owned 12,781 shares of the company’s stock, valued at $1,541,516.41. This trade represents a 31.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Prakash Arunkundrum sold 5,000 shares of the company’s 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 transaction, the insider directly owned 62,437 shares in the company, valued at $6,932,380.11. This trade represents a 7.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 20,733 shares of company stock valued at $2,298,168. Insiders own 0.19% of the company’s stock.

Logitech International Price Performance

NASDAQ:LOGI opened at $119.97 on Wednesday. The stock has a market cap of $18.97 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 4.25 and a beta of 1.05. Logitech International S.A. has a fifty-two week low of $64.73 and a fifty-two week high of $123.01. The stock’s 50-day moving average is $111.71 and its two-hundred day moving average is $97.92.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Tuesday, October 28th. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.18 billion. During the same period in the prior year, the firm earned $1.20 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. Logitech International has set its Q3 2026 guidance at EPS. On average, equities research analysts anticipate that Logitech International S.A. will post 4.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LOGI shares. Morgan Stanley raised their price objective on Logitech International from $74.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. increased their price target on Logitech International from $104.00 to $123.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Barclays lifted their price target on Logitech International from $107.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Citigroup raised shares of Logitech International from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $130.00 in a research report on Wednesday, October 15th. Finally, BNP Paribas upgraded shares of Logitech International from a “hold” rating to a “strong-buy” rating and boosted their price target for the company from $100.00 to $109.00 in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $106.00.

Logitech International Company 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.