Plato Investment Management Ltd Buys 17,796 Shares of Logitech International S.A. $LOGI

Plato Investment Management Ltd raised its stake in Logitech International S.A. (NASDAQ:LOGI) by 65.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,871 shares of the technology company’s stock after purchasing an additional 17,796 shares during the period. Plato Investment Management Ltd’s holdings in Logitech International were worth $4,640,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP bought a new stake in Logitech International in the 3rd quarter valued at $30,000. Richardson Financial Services Inc. boosted its holdings in Logitech International by 63.7% in the 3rd quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock valued at $36,000 after purchasing an additional 128 shares during the period. Westside Investment Management Inc. boosted its holdings in Logitech International by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 326 shares of the technology company’s stock valued at $36,000 after purchasing an additional 163 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Logitech International by 40.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock valued at $52,000 after purchasing an additional 165 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in Logitech International by 16.6% in the 3rd quarter. Fifth Third Bancorp now owns 751 shares of the technology company’s stock valued at $82,000 after purchasing an additional 107 shares during the period. 45.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LOGI. Wall Street Zen downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Morgan Stanley restated an “underweight” rating and issued a $89.00 price objective (down from $107.00) on shares of Logitech International in a research note on Tuesday, January 20th. Weiss Ratings cut shares of Logitech International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. UBS Group cut shares of Logitech International from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 17th. Finally, Wedbush restated an “outperform” rating and issued a $135.00 price objective on shares of Logitech International in a research note on Wednesday. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $113.67.

Logitech International Stock Performance

Shares of LOGI stock opened at $109.39 on Friday. Logitech International S.A. has a 52-week low of $80.08 and a 52-week high of $123.01. The stock has a market cap of $16.04 billion, a price-to-earnings ratio of 22.79, a P/E/G ratio of 2.77 and a beta of 1.07. The firm has a fifty day moving average of $94.08 and a 200-day moving average of $100.75.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Logitech International had a net margin of 14.69% and a return on equity of 34.12%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the company posted $0.93 EPS. The business’s revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts predict that Logitech International S.A. will post 5.18 earnings per share for the current year.

Key Headlines Impacting Logitech International

Here are the key news stories impacting Logitech International this week:

• Positive Sentiment: Logitech completed its $1.6 billion share buyback and launched a new three-year $1.4 billion repurchase program, reinforcing management’s capital-return strategy and supporting the stock. Logitech Completes $1.6 Billion Share Buyback and Launches New $1.4 Billion Program
• Positive Sentiment: The CEO said Logitech will increase spending on R&D and marketing to push growth in AI, gaming, and business users, signaling confidence in future demand. Logitech CEO plans to boost spending on R&D and marketing
• Positive Sentiment: Citigroup raised its price target on Logitech and kept a Buy rating, suggesting more upside from current levels. Logitech International price target raised by Citigroup
• Positive Sentiment: Wedbush initiated or reiterated an Outperform view, adding to the positive analyst tone around the stock. Logitech International Given Outperform Rating at Wedbush
• Neutral Sentiment: Logitech also launched new Rugged Combo 4c keyboard cases for iPad, a product update that supports its education lineup but is unlikely to be a major near-term stock driver. New Logitech Rugged Combo 4c Keyboard Cases
• Neutral Sentiment: Some analysts trimmed or only modestly adjusted earnings estimates, indicating expectations are still stable rather than sharply improving. Logitech earnings estimate updates
• Negative Sentiment: Barclays lifted its target but kept an Equal Weight rating and implied limited downside/upside balance, which may temper enthusiasm at higher share prices. Logitech International price target raised by Barclays
• Negative Sentiment: Management’s plan to boost spending could pressure margins if demand softens during a global slowdown, creating some risk around profitability. Logitech CEO plans to boost spending on R&D and marketing

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.