Koch Industries Inc. acquired a new position in Logitech International SA (NASDAQ:LOGI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 12,254 shares of the technology company’s stock, valued at approximately $412,000.
Several other hedge funds have also modified their holdings of the stock. Financial Gravity Companies Inc. purchased a new stake in Logitech International during the fourth quarter valued at about $138,000. Atria Investments LLC purchased a new stake in Logitech International during the fourth quarter valued at about $204,000. Harbour Capital Advisors LLC purchased a new stake in Logitech International during the third quarter valued at about $259,000. Yorktown Management & Research Co Inc purchased a new stake in Logitech International during the fourth quarter valued at about $336,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Logitech International during the third quarter valued at about $360,000. Institutional investors own 35.10% of the company’s stock.
Logitech International SA (NASDAQ:LOGI) opened at $39.50 on Monday. Logitech International SA has a 12 month low of $29.52 and a 12 month high of $43.54. The stock has a market capitalization of $6,486.18, a PE ratio of 33.19 and a beta of 0.83.
In related news, insider Marcel Stolk sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $39.48, for a total value of $789,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Bracken Darrell sold 96,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was 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 directly owns 783,427 shares in the company, valued at $33,844,046.40. The disclosure for this sale can be found here. Insiders sold 292,673 shares of company stock worth $12,376,204 over the last three months. 2.20% of the stock is owned by insiders.
A number of equities research analysts have weighed in on LOGI shares. BidaskClub upgraded Logitech International from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Zacks Investment Research upgraded Logitech International from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. ValuEngine upgraded Logitech International from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Citigroup raised their price target on Logitech International from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. cut Logitech International from a “neutral” rating to an “underweight” rating and set a $40.00 price objective on the stock. in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $45.20.
TRADEMARK VIOLATION NOTICE: “Koch Industries Inc. Acquires New Stake in Logitech International SA (LOGI)” was published by Markets Daily and is owned by of Markets Daily. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.themarketsdaily.com/2018/03/12/koch-industries-inc-acquires-new-stake-in-logitech-international-sa-logi.html.
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.
Want to see what other hedge funds are holding LOGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Logitech International SA (NASDAQ:LOGI).
Receive News & Ratings for Logitech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Logitech International and related companies with MarketBeat.com's FREE daily email newsletter.