Bracken Darrell (Insider Trades), CEO and President of Logitech Internation SA (LOGI), bought 3,700 shares on Aug. 18. The average price per share was $13.40, for a total transaction cost of $49,580. Logitech International SA is a Swiss company that designs music, gaming, video, and computer products. It is a publically traded company on the SIX Swiss Exchange (LOGN), and on the Nasdaq Global Select Market (LOGI, Financial). Logitech International’s market cap is $2.18 billion, and P/S ratio is 1.04.
There were four insider sells of the company totaling 800,000 shares in 2014 compared to six insider sells totaling 806,250 shares from January to mid-August 2015. There were also three insider buys of 23,500 shares from January to mid-August 2015 compared to no insider buys of the company in 2014. 
The highest volume and number of insider sells occurred when the month end price of LOGI was above $15.00 per share, and the highest volume and number of insider buys occurred when the month end price dipped below $15.00 per share during both periods of time. LOGI Director, Daniel Borel (Insider Trades), sold 150,000 shares of the company for an average price of $14.29 per share on July 31. Borel sold 1,300,000 shares of LOGI in 7 transactions since January 2014. The earliest transactions decreased about 15% in price since then. Darrell’s earliest insider buy of 12,950 shares at $15.12 per share decreased about 10% since purchase on April 27. For more information about insider transactions with LOGI, click here.
Logitech International reported a net income of $7.437 million, of $0.05 per share in the first quarter of fiscal 2016 ended on June 30. In comparison, net income decreased from $19.676 million in the corresponding three months ended on June 2014. LOGI net sales also decreased 2% in the same period of time, from $482,203, to $470,320. Revenue decreased 3.06% since 2010. Darrell commented that the company is “strongly on track for fiscal year 2016,” due to first quarter results and that first quarter “retail sales grew 7 percent in constant currency.” On July 15, Logitech announced the release of Logi BLOK, a family of cases that can help protect an iPad from drops up to six feet high and onto surfaces as hard as concrete. The company is going through brand reinvention since 2013 with bold colors and simple designs. Alastair Curtis, chief design officer at Logitech, stated that the reinvention of the company “should come with an equally bold transformation of its brand.” According to GuruFocus.com information, Logistech International SA has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.
Two gurus traded shares of LOGI in the second quarter of 2015. Jim Simons (Trades, Portfolio) (Trades, Portfolio) of Renaissance Technologies LLC, bought 219,888 shares of LOGI at an average per share price of $14.98. This transaction increased the holding by 41.41%. The total estimated gain of the holding is -6% since the first quarter of 2014. Chuck Royce (Trades, Portfolio) (Trades, Portfolio) of Royce & Associates LLC, sold 30,500 shares of LOGI, reducing the holding by 44.71%. The total estimated gain of the holding is 6% since the fourth quarter of 2013. For more information about guru transactions with LOGI, click here.
For more stock trades of gurus in real time, visit GuruFocus’ Real Time Picks, a Premium Feature. Not a Premium Member of GuruFocus? Try it free for 7 days here.
