Logan Capital Management Inc. Buys 5,920 Shares of Logitech International S.A. $LOGI

Logan Capital Management Inc. increased its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 8.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 78,238 shares of the technology company’s stock after acquiring an additional 5,920 shares during the period. Logan Capital Management Inc.’s holdings in Logitech International were worth $7,841,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of LOGI. Fifth Third Bancorp boosted its holdings in shares of 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 in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Logitech International by 6.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,886 shares of the technology company’s stock valued at $207,000 after purchasing an additional 107 shares in the last quarter. Pathstone Holdings LLC boosted its holdings in shares of Logitech International by 0.7% in the 3rd quarter. Pathstone Holdings LLC now owns 16,521 shares of the technology company’s stock valued at $1,812,000 after purchasing an additional 120 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Logitech International by 2.0% in the 4th quarter. Signaturefd LLC now owns 6,167 shares of the technology company’s stock valued at $618,000 after purchasing an additional 122 shares in the last quarter. Finally, Metis Global Partners LLC boosted its holdings in shares of Logitech International by 1.9% in the 3rd quarter. Metis Global Partners LLC now owns 6,531 shares of the technology company’s stock valued at $712,000 after purchasing an additional 123 shares in the last quarter. Institutional investors own 45.76% of the company’s stock.

Logitech International Stock Up 0.7%

NASDAQ LOGI opened at $109.89 on Friday. Logitech International S.A. has a twelve month low of $83.32 and a twelve month high of $129.66. The company has a market cap of $16.11 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 2.77 and a beta of 1.13. The business’s fifty day moving average is $103.79 and its 200 day moving average is $99.98.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.03. Logitech International had a return on equity of 34.09% and a net margin of 14.69%.The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the business posted $0.93 EPS. Logitech International’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, research analysts anticipate that Logitech International S.A. will post 5.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LOGI has been the topic of a number of research analyst reports. Wall Street Zen downgraded Logitech International from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Wedbush reaffirmed an “outperform” rating and issued a $135.00 target price on shares of Logitech International in a report on Wednesday, May 6th. UBS Group downgraded Logitech International from a “buy” rating to a “neutral” rating in a report on Tuesday, March 17th. Citigroup raised their target price on Logitech International from $115.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Barclays raised their target price on Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $113.67.

About Logitech International

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.