Logitech International S.A. $LOGI Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC decreased its holdings in Logitech International S.A. (NASDAQ:LOGI) by 25.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 168,741 shares of the technology company’s stock after selling 58,532 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Logitech International were worth $18,404,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Mather Group LLC. acquired a new stake in shares of Logitech International in the third quarter worth $34,000. Westside Investment Management Inc. lifted its holdings 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 valued at $36,000 after acquiring an additional 163 shares in the last quarter. Richardson Financial Services Inc. lifted its holdings in shares of 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 acquiring an additional 128 shares in the last quarter. Westerkirk Capital Inc. purchased a new stake in Logitech International during the 2nd quarter worth $36,000. Finally, Groupe la Francaise purchased a new stake in Logitech International during the 2nd quarter worth $47,000. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on LOGI. Barclays reissued an “equal weight” rating and issued a $98.00 price objective (down from $134.00) on shares of Logitech International in a research report on Friday, January 16th. Wedbush reaffirmed an “outperform” rating and issued a $135.00 target price on shares of Logitech International in a research report on Tuesday, January 20th. Citigroup lowered their target price on Logitech International from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Logitech International in a report on Thursday, January 22nd. Finally, Zacks Research lowered Logitech International from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $102.13.

Logitech International Price Performance

Logitech International stock opened at $92.18 on Monday. Logitech International S.A. has a 12-month low of $64.73 and a 12-month high of $123.01. The company has a market capitalization of $14.58 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 3.38 and a beta of 1.09. The firm’s fifty day moving average price is $93.03 and its 200 day moving average price is $104.68.

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

About Logitech International

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.