Crossmark Global Holdings Inc. Buys 136,408 Shares of Logitech International S.A. (NASDAQ:LOGI)

Crossmark Global Holdings Inc. lifted its position in Logitech International S.A. (NASDAQ:LOGI) by 511.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 163,094 shares of the technology company’s stock after purchasing an additional 136,408 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Logitech International were worth $13,431,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LOGI. MassMutual Private Wealth & Trust FSB lifted its position in Logitech International by 56.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock valued at $53,000 after purchasing an additional 233 shares during the last quarter. Employees Retirement System of Texas purchased a new position in shares of Logitech International in the 2nd quarter valued at approximately $63,000. Benjamin F. Edwards & Company Inc. grew its stake in Logitech International by 139.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock worth $82,000 after purchasing an additional 495 shares during the period. Transamerica Financial Advisors Inc. raised its holdings in Logitech International by 115,300.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock worth $104,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Logitech International during the 3rd quarter valued at $105,000. Institutional investors own 45.76% of the company’s stock.

Insider Activity at Logitech International

In other news, Director Guy Gecht bought 2,500 shares of the stock in a transaction dated Thursday, October 24th. The stock was purchased at an average price of $81.12 per share, for a total transaction of $202,800.00. Following the acquisition, the director now owns 18,503 shares of the company’s stock, valued at $1,500,963.36. The trade was a 15.62 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on LOGI shares. Bank of America lowered Logitech International from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $114.00 to $92.00 in a research report on Monday, December 16th. Loop Capital dropped their price target on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a report on Monday, October 28th. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Wedbush reissued a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a research report on Wednesday, October 23rd. Finally, StockNews.com downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Logitech International currently has a consensus rating of “Hold” and an average price target of $92.88.

Logitech International Stock Performance

LOGI stock opened at $87.22 on Tuesday. The firm has a fifty day moving average price of $82.83 and a 200 day moving average price of $85.71. Logitech International S.A. has a fifty-two week low of $74.72 and a fifty-two week high of $102.59. The firm has a market cap of $13.79 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 2.74 and a beta of 0.77.

Logitech International 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.