Vanguard Group Inc. Increases Stock Holdings in Logitech International S.A. $LOGI

Vanguard Group Inc. boosted its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,607,500 shares of the technology company’s stock after buying an additional 37,126 shares during the period. Vanguard Group Inc. owned approximately 4.18% of Logitech International worth $726,812,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Mather Group LLC. bought a new position in Logitech International during the third quarter valued at $34,000. Westside Investment Management Inc. boosted its stake in shares of Logitech International by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 326 shares of the technology company’s stock worth $36,000 after purchasing an additional 163 shares during the period. Richardson Financial Services Inc. grew its holdings in Logitech International by 63.7% during the 3rd quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock valued at $36,000 after purchasing an additional 128 shares during the last quarter. Westerkirk Capital Inc. bought a new position in Logitech International during the 2nd quarter valued at about $36,000. Finally, Groupe la Francaise purchased a new stake in Logitech International in the 2nd quarter worth about $47,000. 45.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LOGI has been the subject of several recent analyst reports. Barclays restated an “equal weight” rating and set a $98.00 target price (down previously from $134.00) on shares of Logitech International in a research report on Friday, January 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Logitech International in a research report on Thursday, January 22nd. Zacks Research cut shares of Logitech International from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Wedbush reaffirmed an “outperform” rating and issued a $135.00 price target on shares of Logitech International in a research note on Tuesday, January 20th. Finally, BNP Paribas Exane cut shares of Logitech International from an “outperform” rating to a “neutral” rating and set a $106.00 price objective for the company. in a research report on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $102.13.

Logitech International Trading Down 0.7%

Shares of Logitech International stock opened at $89.38 on Tuesday. The firm’s 50-day moving average is $95.57 and its two-hundred day moving average is $105.12. Logitech International S.A. has a 1 year low of $64.73 and a 1 year high of $123.01.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Tuesday, January 27th. The technology company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.78 by $0.15. Logitech International had a net margin of 14.94% and a return on equity of 33.57%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the business posted $1.59 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities analysts expect that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Logitech International Profile

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.