Zurcher Kantonalbank Zurich Cantonalbank Stake in Logitech Intl S A (LOGI) Decreased by $4.66 Million

April 16, 2018 - By Nicole Mills

Logitech International S.A. (NASDAQ:LOGI) Corporate LogoDuring 2017 Q4 the big money sentiment decreased to 0.75. That’s change of 0.42, from 2017Q3’s 1.17. 20 investors sold all, 47 reduced holdings as LOGI ratio dived. 28 increased positions while 22 funds bought positions. Funds hold 51.23 million shares thus 14.04% less from 2017Q3’s 59.60 million shares. Citadel Lc invested 0% of its capital in Logitech International S.A. (NASDAQ:LOGI). James Rech holds 0% in Logitech International S.A. (NASDAQ:LOGI) or 1,700 shs. Suntrust Banks Incorporated has invested 0.01% of its capital in Logitech International S.A. (NASDAQ:LOGI). Barclays Public Ltd Com holds 0.02% or 571,216 shs in its capital. Macquarie Grp Ltd reported 690,810 shs. Gratry Comm Ltd Com holds 25,393 shs or 1.03% of its capital. Bb&T Securities Ltd Liability Corporation has 6,301 shs. 101,474 are owned by Envestnet Asset Mngmt. Gam Hldgs Ag holds 1.36M shs. Grantham Mayo Van Otterloo Communications Limited Liability Company accumulated 1.50M shs. Shine Investment Advisory Services holds 0.04% or 2,100 shs in its capital. Axa invested in 89,600 shs. Invesco Limited invested 0.05% in Logitech International S.A. (NASDAQ:LOGI). Atria Investments Lc has invested 0.01% in Logitech International S.A. (NASDAQ:LOGI). Tower Research Ltd Liability Corporation (Trc) owns 334 shs for 0% of their capital.

LOGI had 6 insider sales and 0 insider purchases since January 23, 2018. This’s net activity of $11.59 million. On Wednesday, January 24 $3.44M worth of Logitech International S.A. (NASDAQ:LOGI) was sold by Pilette Vincent. Shares for $990,302 were sold by Davis Sally. 40,000 Logitech International S.A. (NASDAQ:LOGI) shs with value of $1.66 million were sold by Sullivan L Joseph. De Luca Guerrino sold $611,250 worth of Logitech International S.A. (NASDAQ:LOGI) on Tuesday, January 23.

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings by 5.12% in Logitech Intl S A (LOGI), according to 2017Q4 Securities and Exchange form. The company’s stock rose 7.43% while stock markets declined as Zurcher Kantonalbank Zurich Cantonalbank sold 141,265 shares. The computer peripheral equipment company at the end of 2017Q4 was priced at $87.65M. It’s down from 2.76M at the end of the previous reported quarter. Now it had 2.62M shares held by the institutional investor . $6.20 billion is the MC of Logitech Intl S A. Its shares touched $37.23 on during the last trading session after 0.51% change.Logitech International S.A. has volume of 59,937 shares. Since April 16, 2017 LOGI has risen 15.77% and is uptrending. The stock outperformed the S&P 500 by 4.22%.

Zurcher Kantonalbank Zurich Cantonalbank manages about $11.25 billion US Long portfolio. Its stake in T Mobile Us Inc (NYSE:TMUS) was upped by 63,484 shares to 209,466 shares valued at $13.30 million in 2017Q4, according to the filing. For a total of 474,154 shares it increased its holding in Peoples United Financial Inc (NASDAQ:PBCT) by 416,626 shares in the quarter, and has risen its stake in Centene Corp Del (NYSE:CNC).

Analysts await Logitech International S.A. (NASDAQ:LOGI) to report earnings on April, 24. They expect $0.18 earnings per share, up 20.00 % or $0.03 from last year’s $0.15 per share. LOGI’s profit will be $29.96 million for 51.71 P/E if the $0.18 EPS becomes a reality. After $0.58 actual earnings per share reported by Logitech International S.A. for the previous quarter, Wall Street now forecasts -68.97 % negative EPS growth.

Logitech International S.A. (NASDAQ:LOGI) Ratings Coverage

Total analysts of 5 have positions in Logitech (NASDAQ:LOGI) as follows: 3 rated it a “Buy”, 2 with “Sell” and 0 with “Hold”. The positive are 60%. Since October 25, 2017 according to StockzIntelligence Inc Logitech has 6 analyst reports. In Tuesday, February 6 report J.P. Morgan downgraded it to “Sell” rating and $40.0 target. On Wednesday, January 24 the rating was maintained by Citigroup with “Buy”. On Tuesday, February 6 the stock of Logitech International S.A. (NASDAQ:LOGI) earned “Underweight” rating by JP Morgan. On Wednesday, January 24 the rating was maintained by JP Morgan with “Neutral”.

Logitech International S.A. (NASDAQ:LOGI) Analyst Ratings Chart

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