Logitech International S.A. $LOGI Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 28.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 339,790 shares of the technology company’s stock after buying an additional 74,772 shares during the quarter. Russell Investments Group Ltd. owned about 0.21% of Logitech International worth $37,015,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new stake in Logitech International during the 3rd quarter worth approximately $34,000. Westside Investment Management Inc. increased its holdings in shares of Logitech International by 100.0% in the third 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. Richardson Financial Services Inc. increased its holdings in shares of Logitech International by 63.7% in the third 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. Westerkirk Capital Inc. purchased a new stake in shares of Logitech International during the second quarter worth approximately $36,000. Finally, Groupe la Francaise purchased a new stake in shares of Logitech International during the second quarter worth approximately $47,000. Institutional investors and hedge funds own 45.76% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on LOGI. Zacks Research lowered shares of Logitech International from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Morgan Stanley restated an “underweight” rating and issued a $89.00 target price (down from $107.00) on shares of Logitech International in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Logitech International in a report on Thursday, January 22nd. Finally, BNP Paribas Exane lowered shares of Logitech International from an “outperform” rating to a “neutral” rating and set a $106.00 price target on the stock. in a research note on Thursday, January 8th. Four research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $102.13.

Logitech International Price Performance

Shares of LOGI stock opened at $92.31 on Thursday. The business’s fifty day moving average price is $92.43 and its 200 day moving average price is $104.46. The firm has a market capitalization of $14.60 billion, a PE ratio of 19.31, a P/E/G ratio of 3.33 and a beta of 1.09. Logitech International S.A. has a 1-year low of $64.73 and a 1-year high of $123.01.

Logitech International (NASDAQ:LOGI) last released its earnings results on Tuesday, January 27th. The technology company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. Logitech International had a return on equity of 33.57% and a net margin of 14.94%.Logitech International’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.59 earnings per share. Equities research analysts expect that Logitech International S.A. will post 4.21 earnings per share for the current fiscal year.

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.