Alpha Omega Wealth Management LLC Sells 21,962 Shares of Logitech International S.A. (NASDAQ:LOGI)

Alpha Omega Wealth Management LLC lowered its stake in Logitech International S.A. (NASDAQ:LOGI) by 72.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,535 shares of the technology company’s stock after selling 21,962 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Logitech International were worth $811,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Logitech International in the fourth quarter worth approximately $238,096,000. Envestnet Asset Management Inc. lifted its position in Logitech International by 3,263.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 950,573 shares of the technology company’s stock valued at $1,520,000 after acquiring an additional 922,313 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Logitech International by 36.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,822,286 shares of the technology company’s stock valued at $267,457,000 after purchasing an additional 760,263 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Logitech International by 62.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,585,481 shares of the technology company’s stock worth $94,178,000 after purchasing an additional 608,262 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Logitech International by 24.0% in the first quarter. Invesco Ltd. now owns 2,409,946 shares of the technology company’s stock worth $177,807,000 after purchasing an additional 466,632 shares during the last quarter. Institutional investors own 45.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Berenberg Bank initiated coverage on Logitech International in a research report on Thursday, March 14th. They set a “buy” rating and a $111.00 price objective on the stock. Morgan Stanley reiterated an “underweight” rating and issued a $75.00 price target (down from $85.00) on shares of Logitech International in a research note on Monday. Wedbush restated a “neutral” rating and set a $92.00 price objective on shares of Logitech International in a research report on Monday, March 18th. StockNews.com cut shares of Logitech International from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. Finally, Citigroup boosted their target price on shares of Logitech International from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $92.43.

Logitech International Price Performance

Shares of LOGI traded down $0.69 on Wednesday, reaching $79.00. The company’s stock had a trading volume of 390,850 shares, compared to its average volume of 446,600. Logitech International S.A. has a 12-month low of $53.91 and a 12-month high of $96.66. The stock has a market capitalization of $12.49 billion, a P/E ratio of 26.04, a PEG ratio of 1.67 and a beta of 0.74. The stock’s 50 day simple moving average is $88.24 and its two-hundred day simple moving average is $85.98.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Monday, January 22nd. The technology company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.43. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Logitech International had a net margin of 11.44% and a return on equity of 23.84%. Analysts expect that Logitech International S.A. will post 3.44 earnings per share for the current year.

Insider Buying and Selling at Logitech International

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

Logitech International Profile

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.