Quantbot Technologies LP Lowers Holdings in Logitech International S.A. $LOGI

Quantbot Technologies LP lowered its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 37.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 60,273 shares of the technology company’s stock after selling 36,640 shares during the period. Quantbot Technologies LP’s holdings in Logitech International were worth $6,611,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LOGI. AQR Capital Management LLC grew its holdings in Logitech International by 61.2% during the first quarter. AQR Capital Management LLC now owns 4,175 shares of the technology company’s stock worth $352,000 after acquiring an additional 1,585 shares during the period. Envestnet Asset Management Inc. boosted its position in Logitech International by 3.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 113,261 shares of the technology company’s stock worth $10,208,000 after purchasing an additional 3,545 shares in the last quarter. Assetmark Inc. grew its stake in shares of Logitech International by 6.9% during the 2nd quarter. Assetmark Inc. now owns 56,375 shares of the technology company’s stock worth $5,081,000 after purchasing an additional 3,640 shares during the period. swisspartners Advisors Ltd grew its stake in shares of Logitech International by 5.5% during the 2nd quarter. swisspartners Advisors Ltd now owns 15,590 shares of the technology company’s stock worth $1,402,000 after purchasing an additional 810 shares during the period. Finally, Andra AP fonden increased its holdings in shares of Logitech International by 599.0% during the 2nd quarter. Andra AP fonden now owns 157,408 shares of the technology company’s stock valued at $14,187,000 after purchasing an additional 134,890 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Wall Street Analysts Forecast Growth

LOGI has been the topic of several analyst reports. Morgan Stanley restated an “underweight” rating and set a $89.00 price target (down from $107.00) on shares of Logitech International in a research report on Tuesday, January 20th. Zacks Research cut Logitech International from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Citigroup cut their price target 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. Wedbush reiterated an “outperform” rating and set a $135.00 price target on shares of Logitech International in a research report on Tuesday, January 20th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Logitech International in a report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $102.13.

Logitech International Stock Down 0.8%

Shares of NASDAQ:LOGI opened at $91.95 on Friday. Logitech International S.A. has a 1 year low of $64.73 and a 1 year high of $123.01. The business’s 50 day moving average price is $94.35 and its 200-day moving average price is $104.90.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data 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 return on equity of 33.57% and a net margin of 14.94%.The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the company earned $1.59 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Logitech International S.A. will post 4.21 EPS for the current year.

Logitech International Company 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.