Logitech International S.A. (NASDAQ:LOGI) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its stake in Logitech International S.A. (NASDAQ:LOGI) by 33.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,277,419 shares of the technology company’s stock after selling 645,113 shares during the quarter. Deutsche Bank AG owned 0.81% of Logitech International worth $105,195,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of LOGI. Barclays PLC boosted its position in Logitech International by 64.2% in the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock worth $451,426,000 after purchasing an additional 1,967,133 shares in the last quarter. Miracle Mile Advisors LLC purchased a new stake in Logitech International during the fourth quarter worth $202,000. Tealwood Asset Management Inc. boosted its holdings in Logitech International by 1.2% during the fourth quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company’s stock worth $1,231,000 after buying an additional 175 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Logitech International by 2,315.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock valued at $119,673,000 after buying an additional 1,385,493 shares during the period. Finally, Park Avenue Securities LLC increased its holdings in Logitech International by 8.1% in the fourth quarter. Park Avenue Securities LLC now owns 22,117 shares of the technology company’s stock valued at $1,821,000 after buying an additional 1,666 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wedbush restated an “outperform” rating and set a $110.00 target price (down from $125.00) on shares of Logitech International in a research report on Thursday, April 24th. UBS Group upgraded Logitech International from a “neutral” rating to a “buy” rating in a research report on Wednesday. Loop Capital decreased their target price on Logitech International from $97.00 to $78.00 and set a “hold” rating on the stock in a research report on Tuesday, May 6th. StockNews.com lowered shares of Logitech International from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Citigroup decreased their price objective on shares of Logitech International from $105.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $85.71.

Logitech International Trading Down 0.7 %

LOGI opened at $80.62 on Friday. Logitech International S.A. has a twelve month low of $64.73 and a twelve month high of $105.65. The firm has a market capitalization of $12.75 billion, a PE ratio of 18.92, a PEG ratio of 2.61 and a beta of 0.99. The firm’s 50-day moving average price is $80.99 and its 200 day moving average price is $85.58.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Tuesday, April 29th. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. The business’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 earnings per share. As a group, analysts predict that Logitech International S.A. will post 4.21 earnings per share for the current fiscal year.

Logitech International declared that its board has authorized a share repurchase program on Wednesday, March 5th that allows the company to buyback $600.00 million in shares. This buyback authorization allows the technology company to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

Logitech International Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.