Prudential PLC trimmed its holdings in Logitech International S.A. (NASDAQ:LOGI – Free Report) by 50.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,371 shares of the technology company’s stock after selling 21,511 shares during the period. Prudential PLC’s holdings in Logitech International were worth $2,196,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of LOGI. AQR Capital Management LLC boosted its position in shares of 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 buying an additional 1,585 shares during the period. Rhumbline Advisers boosted its position in shares of Logitech International by 3.3% during the second quarter. Rhumbline Advisers now owns 4,732 shares of the technology company’s stock worth $426,000 after buying an additional 152 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position 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 worth $52,000 after buying an additional 165 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Logitech International by 13.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,779 shares of the technology company’s stock worth $160,000 after buying an additional 206 shares during the period. Finally, Guggenheim Capital LLC boosted its position in shares of Logitech International by 1.3% during the second quarter. Guggenheim Capital LLC now owns 10,182 shares of the technology company’s stock worth $918,000 after buying an additional 126 shares during the period. 45.76% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on LOGI shares. Wedbush reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Logitech International in a research report on Wednesday, May 6th. Barclays upped their price objective on Logitech International from $98.00 to $105.00 and gave the stock an “equal weight” 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. Wall Street Zen cut Logitech International from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, Citigroup upped their price objective on Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Logitech International presently has an average rating of “Hold” and a consensus target price of $113.67.
Logitech International Price Performance
NASDAQ:LOGI opened at $112.93 on Monday. The stock’s 50 day moving average price is $102.16 and its two-hundred day moving average price is $99.91. The firm has a market capitalization of $16.55 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of 2.87 and a beta of 1.13. Logitech International S.A. has a 12-month low of $83.32 and a 12-month high of $129.66.
Logitech International (NASDAQ:LOGI – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. The firm had revenue of $1.09 billion for 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%.The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 earnings per share. Equities research analysts expect that Logitech International S.A. will post 5.16 EPS for the current 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.
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