Prudential PLC Has $2.20 Million Holdings in Logitech International S.A. $LOGI

Prudential PLC cut its holdings in shares of Logitech International S.A. (NASDAQ:LOGI) by 50.2% during the fourth quarter, according to the company in its most recent 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.

A number of other large investors also recently added to or reduced their stakes in the business. TD Asset Management Inc lifted its position in Logitech International by 0.8% during the 4th quarter. TD Asset Management Inc now owns 64,020 shares of the technology company’s stock valued at $6,541,000 after purchasing an additional 528 shares during the period. Norges Bank bought a new stake in Logitech International in the fourth quarter valued at about $89,248,000. Northwestern Mutual Wealth Management Co. increased its holdings in Logitech International by 35.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 782 shares of the technology company’s stock valued at $78,000 after purchasing an additional 206 shares during the last quarter. Intech Investment Management LLC increased its holdings in Logitech International by 62.9% in the fourth quarter. Intech Investment Management LLC now owns 97,832 shares of the technology company’s stock valued at $10,069,000 after purchasing an additional 37,772 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Logitech International by 7.9% in the fourth quarter. Fisher Asset Management LLC now owns 2,229 shares of the technology company’s stock valued at $223,000 after purchasing an additional 163 shares during the last quarter. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Stock Performance

NASDAQ:LOGI opened at $112.93 on Monday. Logitech International S.A. has a 1 year low of $83.32 and a 1 year high of $129.66. The stock has a market cap of $16.55 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 2.87 and a beta of 1.13. The stock has a 50-day moving average price of $102.16 and a two-hundred day moving average price of $99.91.

Logitech International (NASDAQ:LOGI) last posted its earnings results 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 return on equity of 34.09% and a net margin of 14.69%.The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the firm earned $0.93 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. Sell-side analysts forecast that Logitech International S.A. will post 5.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LOGI shares. Wall Street Zen downgraded Logitech International from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Wedbush reiterated an “outperform” rating and issued a $135.00 price objective on shares of Logitech International in a report on Wednesday, May 6th. Citigroup upped their price objective on Logitech International from $115.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Barclays upped their price objective on Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, UBS Group downgraded Logitech International from a “buy” rating to a “neutral” rating in a report on Tuesday, March 17th. Three equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $113.67.

Logitech International Company 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.