Logitech International SA (LOGI) Shares Sold by GRATRY & Co LLC
GRATRY & Co LLC decreased its stake in Logitech International SA (NASDAQ:LOGI) by 50.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,393 shares of the technology company’s stock after selling 25,700 shares during the period. GRATRY & Co LLC’s holdings in Logitech International were worth $854,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of LOGI. Macquarie Group Ltd. boosted its holdings in shares of Logitech International by 724.0% in the 3rd quarter. Macquarie Group Ltd. now owns 811,952 shares of the technology company’s stock valued at $29,621,000 after buying an additional 713,418 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Logitech International by 142.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,204,941 shares of the technology company’s stock worth $40,681,000 after purchasing an additional 708,752 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Logitech International by 19.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,759,693 shares of the technology company’s stock worth $100,708,000 after purchasing an additional 441,947 shares during the period. Allianz Asset Management GmbH boosted its stake in Logitech International by 35.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,234,689 shares of the technology company’s stock worth $45,429,000 after purchasing an additional 325,517 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Logitech International by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,600,997 shares of the technology company’s stock worth $132,012,000 after purchasing an additional 147,619 shares during the period. Institutional investors and hedge funds own 37.22% of the company’s stock.
In other news, CEO Bracken Darrell sold 96,000 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $43.20, for a total value of $4,147,200.00. Following the completion of the sale, the chief executive officer now owns 783,427 shares in the company, valued at approximately $33,844,046.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP L Joseph Sullivan sold 40,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $41.55, for a total transaction of $1,662,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 272,673 shares of company stock valued at $11,586,604. 2.20% of the stock is owned by company insiders.
Shares of Logitech International SA (NASDAQ LOGI) traded down $0.98 during trading hours on Monday, reaching $40.35. 242,011 shares of the company were exchanged, compared to its average volume of 584,076. The firm has a market cap of $7,240.00, a PE ratio of 32.07 and a beta of 0.76. Logitech International SA has a 12-month low of $28.47 and a 12-month high of $43.54.
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Logitech International Profile
Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.
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