Legal & General Group Plc Has $128.99 Million Position in Logitech International S.A. $LOGI

Legal & General Group Plc lessened its position in Logitech International S.A. (NASDAQ:LOGI) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,253,326 shares of the technology company’s stock after selling 73,803 shares during the period. Legal & General Group Plc’s holdings in Logitech International were worth $128,994,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP acquired a new position in Logitech International in the 3rd quarter worth about $30,000. Westside Investment Management Inc. increased 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 worth $36,000 after purchasing an additional 163 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased 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 worth $52,000 after purchasing an additional 165 shares in the last quarter. Richardson Financial Services Inc. increased its holdings in Logitech International by 101.5% in 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 in the last quarter. Finally, Fifth Third Bancorp increased 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 worth $82,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Analysts Set New Price Targets

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

Logitech International Stock Up 1.7%

Shares of NASDAQ LOGI opened at $111.76 on Friday. Logitech International S.A. has a twelve month low of $81.98 and a twelve month high of $123.01. The firm has a fifty day simple moving average of $98.57 and a 200 day simple moving average of $99.82. The company has a market capitalization of $16.38 billion, a PE ratio of 23.28, a P/E/G ratio of 2.79 and a beta of 1.07.

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