Blue Trust Inc. Raises Stake in Logitech International S.A. (NASDAQ:LOGI)

Blue Trust Inc. boosted its stake in Logitech International S.A. (NASDAQ:LOGI) by 34.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,867 shares of the technology company’s stock after purchasing an additional 2,034 shares during the quarter. Blue Trust Inc.’s holdings in Logitech International were worth $706,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Logitech International by 64.2% in the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock valued at $451,426,000 after acquiring an additional 1,967,133 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Logitech International by 3.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company’s stock valued at $219,611,000 after purchasing an additional 89,788 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Logitech International by 2,315.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock valued at $119,673,000 after purchasing an additional 1,385,493 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Logitech International by 1.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,097,951 shares of the technology company’s stock worth $98,348,000 after purchasing an additional 19,046 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Logitech International in the third quarter worth $15,891,000. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wedbush restated a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research report on Wednesday, January 22nd. Bank of America cut shares of Logitech International from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $114.00 to $92.00 in a research report on Monday, December 16th. Barclays lifted their target price on shares of Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday. Citigroup increased their price target on shares of Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Morgan Stanley upgraded shares of Logitech International from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $73.00 to $92.00 in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $97.13.

Logitech International Stock Up 4.2 %

NASDAQ LOGI opened at $96.85 on Thursday. The company has a 50-day simple moving average of $84.79 and a two-hundred day simple moving average of $85.70. Logitech International S.A. has a 12-month low of $74.72 and a 12-month high of $102.59. The firm has a market cap of $15.32 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.74 and a beta of 0.77.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.07. Logitech International had a return on equity of 30.68% and a net margin of 15.65%. Equities analysts expect that Logitech International S.A. will post 4.12 earnings per share for the current fiscal year.

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.