Exane Asset Management Cuts Stock Holdings in Logitech International S.A. $LOGI

Exane Asset Management reduced its position in Logitech International S.A. (NASDAQ:LOGI) by 26.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 782 shares of the technology company’s stock after selling 284 shares during the period. Logitech International comprises about 0.0% of Exane Asset Management’s portfolio, making the stock its 23rd biggest holding. Exane Asset Management’s holdings in Logitech International were worth $66,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ballentine Partners LLC purchased a new position in Logitech International in the second quarter valued at $210,000. Assenagon Asset Management S.A. increased its stake in shares of Logitech International by 91.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,701,985 shares of the technology company’s stock valued at $152,757,000 after purchasing an additional 815,280 shares in the last quarter. Fulton Bank N.A. raised its holdings in Logitech International by 1.5% in the 2nd quarter. Fulton Bank N.A. now owns 7,000 shares of the technology company’s stock worth $631,000 after purchasing an additional 106 shares during the period. Baader Bank Aktiengesellschaft purchased a new position in Logitech International during the second quarter worth approximately $431,000. Finally, Belpointe Asset Management LLC acquired a new stake in Logitech International in the first quarter valued at approximately $534,000. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Trading Down 0.2%

Shares of NASDAQ LOGI opened at $108.28 on Monday. The firm has a 50-day simple moving average of $101.99 and a 200-day simple moving average of $90.20. Logitech International S.A. has a 52 week low of $64.73 and a 52 week high of $113.43.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Tuesday, July 29th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.18. Logitech International had a net margin of 13.78% and a return on equity of 30.81%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the company earned $1.13 EPS. Logitech International’s revenue was up 5.5% compared to the same quarter last year. Logitech International has set its Q2 2026 guidance at EPS. Analysts anticipate that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Insider Buying and Selling

In other Logitech International news, insider Prakash Arunkundrum sold 9,900 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $105.00, for a total transaction of $1,039,500.00. Following the transaction, the insider owned 57,437 shares of the company’s stock, valued at approximately $6,030,885. The trade was a 14.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on LOGI shares. BNP Paribas Exane upgraded Logitech International from a “neutral” rating to an “outperform” rating and set a $109.00 target price on the stock in a research report on Tuesday, August 5th. Wedbush upped their price objective on shares of Logitech International from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their target price on shares of Logitech International from $80.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Citigroup boosted their target price on shares of Logitech International from $85.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, July 11th. Finally, Barclays raised their price target on shares of Logitech International from $92.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.00.

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.