Logan Capital Management Inc. Buys 5,920 Shares of Logitech International S.A. $LOGI

Logan Capital Management Inc. raised its stake in shares of Logitech International S.A. (NASDAQ:LOGIFree Report) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,238 shares of the technology company’s stock after purchasing an additional 5,920 shares during the period. Logan Capital Management Inc.’s holdings in Logitech International were worth $7,841,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Quarry LP bought a new position in Logitech International during the 3rd quarter worth $30,000. Northwestern Mutual Wealth Management Co. raised its position in Logitech International by 40.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock worth $52,000 after purchasing an additional 165 shares during the last quarter. Richardson Financial Services Inc. raised its position in Logitech International by 101.5% during the 4th quarter. Richardson Financial Services Inc. now owns 663 shares of the technology company’s stock worth $66,000 after purchasing an additional 334 shares during the last quarter. Fifth Third Bancorp raised its position in Logitech International by 16.6% during the 3rd quarter. Fifth Third Bancorp now owns 751 shares of the technology company’s stock worth $82,000 after purchasing an additional 107 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Logitech International by 92.9% during the 4th quarter. Farther Finance Advisors LLC now owns 1,144 shares of the technology company’s stock worth $115,000 after purchasing an additional 551 shares during the last quarter. 45.76% of the stock is owned by institutional investors.

Logitech International Price Performance

Shares of LOGI opened at $109.89 on Friday. The stock has a 50-day moving average of $103.79 and a 200-day moving average of $99.98. The company has a market cap of $16.11 billion, a PE ratio of 22.89, a P/E/G ratio of 2.77 and a beta of 1.13. Logitech International S.A. has a one year low of $83.32 and a one year high of $129.66.

Logitech International (NASDAQ:LOGIGet Free Report) last issued its earnings results on Tuesday, May 5th. The technology company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Logitech International had a return on equity of 34.09% and a net margin of 14.69%.The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $0.93 EPS. Analysts expect that Logitech International S.A. will post 5.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on LOGI. Wall Street Zen lowered Logitech International from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. UBS Group lowered Logitech International from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 17th. Citigroup raised their target price on Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings raised Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 22nd. Finally, Wedbush reissued an “outperform” rating and issued a $135.00 price objective on shares of Logitech International in a research report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $113.67.

Read Our Latest Analysis on LOGI

Logitech International Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Logitech International (NASDAQ:LOGI)

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