Logitech International S.A. $LOGI Shares Sold by L2 Asset Management LLC

L2 Asset Management LLC decreased its position in Logitech International S.A. (NASDAQ:LOGI) by 16.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 66,427 shares of the technology company’s stock after selling 12,878 shares during the period. L2 Asset Management LLC’s holdings in Logitech International were worth $6,657,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Logitech International during the third quarter valued at $30,000. CIBC Private Wealth Group LLC boosted its stake in shares of Logitech International by 61.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 455 shares of the technology company’s stock valued at $46,000 after acquiring an additional 173 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Logitech International by 40.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock valued at $52,000 after acquiring an additional 165 shares during the last quarter. Richardson Financial Services Inc. boosted its stake in shares of Logitech International by 101.5% during the fourth quarter. Richardson Financial Services Inc. now owns 663 shares of the technology company’s stock valued at $66,000 after acquiring an additional 334 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Logitech International by 911.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 678 shares of the technology company’s stock valued at $68,000 after acquiring an additional 611 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Wall Street Analyst Weigh In

LOGI has been the subject of several recent analyst reports. Citigroup lifted their price target on Logitech International from $115.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Barclays lifted their price target on Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. UBS Group cut Logitech International from a “buy” rating to a “neutral” rating in a report on Tuesday, March 17th. Wedbush restated an “outperform” rating and issued a $135.00 price target on shares of Logitech International in a report on Wednesday, May 6th. Finally, Weiss Ratings upgraded Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 22nd. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $113.67.

Logitech International Stock Up 0.1%

Shares of NASDAQ LOGI opened at $110.90 on Tuesday. Logitech International S.A. has a fifty-two week low of $83.32 and a fifty-two week high of $129.66. The business has a 50 day moving average price of $104.55 and a two-hundred day moving average price of $99.96. The firm has a market cap of $16.26 billion, a PE ratio of 23.10, a price-to-earnings-growth ratio of 2.82 and a beta of 1.13.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. Logitech International had a return on equity of 34.09% and a net margin of 14.69%.Logitech International’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. On average, analysts anticipate that Logitech International S.A. will post 5.16 earnings per share for the current 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.