BLI Banque de Luxembourg Investments Has $6.75 Million Stake in Logitech International S.A. $LOGI

BLI Banque de Luxembourg Investments grew its holdings in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 19.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 75,525 shares of the technology company's stock after purchasing an additional 12,446 shares during the quarter. BLI Banque de Luxembourg Investments' holdings in Logitech International were worth $6,752,000 as of its most recent filing with the SEC.

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Other hedge funds have also recently bought and sold shares of the company. Belpointe Asset Management LLC bought a new stake in shares of Logitech International during the 1st quarter valued at $534,000. Assetmark Inc. grew its holdings in shares of Logitech International by 6.9% during the second quarter. Assetmark Inc. now owns 56,375 shares of the technology company's stock worth $5,081,000 after buying an additional 3,640 shares in the last quarter. Vise Technologies Inc. acquired a new position in Logitech International during the second quarter worth $329,000. Yousif Capital Management LLC raised its holdings in Logitech International by 7.6% during the second quarter. Yousif Capital Management LLC now owns 2,821 shares of the technology company's stock worth $254,000 after acquiring an additional 200 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Logitech International by 3.2% during the second quarter. Envestnet Asset Management Inc. now owns 113,261 shares of the technology company's stock worth $10,208,000 after buying an additional 3,545 shares during the last quarter. 45.76% of the stock is currently owned by institutional investors.

Insider Activity at Logitech International

In related news, Director Neela Montgomery sold 5,833 shares of the firm's stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $120.61, for a total value of $703,518.13. Following the sale, the director directly owned 12,781 shares of the company's stock, valued at $1,541,516.41. This trade represents a 31.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Prakash Arunkundrum sold 9,900 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $105.00, for a total value of $1,039,500.00. Following the completion of the transaction, the insider directly owned 57,437 shares in the company, valued at approximately $6,030,885. This represents a 14.70% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 20,733 shares of company stock valued at $2,298,168. 0.19% of the stock is owned by corporate insiders.

Logitech International Trading Up 1.9%

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Shares of NASDAQ LOGI opened at $112.70 on Friday. The firm has a market cap of $17.82 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 4.25 and a beta of 1.05. Logitech International S.A. has a 1-year low of $64.73 and a 1-year high of $123.01. The stock has a fifty day simple moving average of $112.65 and a two-hundred day simple moving average of $100.81.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its earnings results on Tuesday, October 28th. The technology company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.23. Logitech International had a net margin of 14.11% and a return on equity of 32.01%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company earned $1.20 earnings per share. The company's revenue was up 6.3% on a year-over-year basis. Logitech International has set its Q3 2026 guidance at EPS. Analysts forecast that Logitech International S.A. will post 4.21 EPS for the current year.

Analyst Ratings Changes

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LOGI has been the topic of a number of research analyst reports. Wall Street Zen upgraded Logitech International from a "hold" rating to a "buy" rating in a research note on Saturday, November 1st. JPMorgan Chase & Co. boosted their price target on Logitech International from $104.00 to $123.00 and gave the stock a "neutral" rating in a report on Wednesday, October 29th. BNP Paribas raised shares of Logitech International from a "hold" rating to a "strong-buy" rating and increased their target price for the company from $100.00 to $109.00 in a research report on Tuesday, August 5th. BNP Paribas Exane upgraded Logitech International from a "neutral" rating to an "outperform" rating and set a $109.00 target price for the company in a report on Tuesday, August 5th. Finally, Citigroup raised Logitech International from a "neutral" rating to a "buy" rating and upped their price target for the stock from $100.00 to $130.00 in a research note on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $106.00.

Check Out Our Latest Report on Logitech International

About Logitech International

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.

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