L Joseph Sullivan Sells 40,000 Shares of Logitech International SA (NASDAQ:LOGI) Stock

Logitech International SA (NASDAQ:LOGI) VP L Joseph Sullivan sold 40,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $41.55, for a total transaction of $1,662,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Logitech International SA (LOGI) traded down $0.20 during midday trading on Friday, reaching $37.92. 747,476 shares of the company’s stock traded hands, compared to its average volume of 757,450. Logitech International SA has a 1-year low of $28.47 and a 1-year high of $43.54. The company has a market cap of $6,226.73, a price-to-earnings ratio of 29.40 and a beta of 0.74.

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Logitech International from $40.00 to $43.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Citigroup upped their price objective on shares of Logitech International from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. BidaskClub lowered shares of Logitech International from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Finally, Zacks Investment Research lowered shares of Logitech International from a “hold” rating to a “sell” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $45.20.

Hedge funds and other institutional investors have recently modified their holdings of the business. Navellier & Associates Inc bought a new position in shares of Logitech International in the 2nd quarter worth about $201,000. Atria Investments LLC bought a new position in shares of Logitech International in the 4th quarter worth about $204,000. Kimelman & Baird LLC bought a new position in shares of Logitech International in the 2nd quarter worth about $220,000. Harbour Capital Advisors LLC bought a new position in shares of Logitech International in the 3rd quarter worth about $259,000. Finally, USA Financial Portformulas Corp bought a new position in shares of Logitech International in the 3rd quarter worth about $289,000. Institutional investors and hedge funds own 37.22% of the company’s stock.

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About Logitech International

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.

Insider Buying and Selling by Quarter for Logitech International (NASDAQ:LOGI)

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