NatWest Group plc Grows Stock Holdings in Logitech International S.A. $LOGI

NatWest Group plc grew its position in Logitech International S.A. (NASDAQ:LOGI) by 173.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,463 shares of the technology company’s stock after buying an additional 39,650 shares during the quarter. Logitech International accounts for 1.5% of NatWest Group plc’s holdings, making the stock its 26th largest holding. NatWest Group plc’s holdings in Logitech International were worth $6,260,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp boosted its holdings in Logitech International by 16.6% during the 3rd quarter. Fifth Third Bancorp now owns 751 shares of the technology company’s stock valued at $82,000 after acquiring an additional 107 shares during the period. EverSource Wealth Advisors LLC increased its stake in Logitech International by 6.0% during the third quarter. EverSource Wealth Advisors LLC now owns 1,886 shares of the technology company’s stock worth $207,000 after purchasing an additional 107 shares during the period. Pathstone Holdings LLC increased its stake in Logitech International by 0.7% during the third quarter. Pathstone Holdings LLC now owns 16,521 shares of the technology company’s stock worth $1,812,000 after purchasing an additional 120 shares during the period. Frank Rimerman Advisors LLC lifted its position in shares of Logitech International by 1.1% during the third quarter. Frank Rimerman Advisors LLC now owns 11,389 shares of the technology company’s stock worth $1,249,000 after purchasing an additional 122 shares in the last quarter. Finally, Metis Global Partners LLC lifted its position in shares of Logitech International by 1.9% during the third quarter. Metis Global Partners LLC now owns 6,531 shares of the technology company’s stock worth $712,000 after purchasing an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Wall Street Analysts Forecast Growth

LOGI has been the subject of a number of research reports. Zacks Research cut shares of Logitech International from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Barclays reiterated an “equal weight” rating and set a $98.00 target price (down from $134.00) on shares of Logitech International in a report on Friday, January 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Logitech International in a research note on Thursday, January 22nd. Citigroup cut their price objective on Logitech International from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, January 20th. Finally, Wedbush reiterated an “outperform” rating and issued a $135.00 price objective on shares of Logitech International in a research note on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Logitech International presently has an average rating of “Hold” and an average price target of $102.13.

Logitech International Stock Performance

Shares of Logitech International stock opened at $92.56 on Friday. The business has a 50-day simple moving average of $91.13 and a 200-day simple moving average of $103.54. Logitech International S.A. has a one year low of $64.73 and a one year high of $123.01. The company has a market cap of $13.57 billion, a PE ratio of 19.36, a P/E/G ratio of 3.44 and a beta of 1.09.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Tuesday, January 27th. The technology company reported $1.93 earnings per share 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 firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the company earned $1.59 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts predict that Logitech International S.A. will post 4.21 earnings per share 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.