Royal Bank of Canada Has $36.12 Million Holdings in Logitech International S.A. $LOGI

Royal Bank of Canada increased its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 75.5% in the 1st quarter, HoldingsChannel reports. The firm owned 396,339 shares of the technology company’s stock after acquiring an additional 170,485 shares during the quarter. Royal Bank of Canada’s holdings in Logitech International were worth $36,115,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Willis Investment Counsel boosted its position in shares of Logitech International by 40.0% during the 4th quarter. Willis Investment Counsel now owns 42,747 shares of the technology company’s stock worth $4,284,000 after acquiring an additional 12,221 shares in the last quarter. QRG Capital Management Inc. raised its position in Logitech International by 65.4% during the fourth quarter. QRG Capital Management Inc. now owns 32,532 shares of the technology company’s stock valued at $3,260,000 after purchasing an additional 12,864 shares in the last quarter. Plato Investment Management Ltd lifted its stake in Logitech International by 65.7% during the fourth quarter. Plato Investment Management Ltd now owns 44,871 shares of the technology company’s stock worth $4,640,000 after purchasing an additional 17,796 shares during the last quarter. Entropy Technologies LP lifted its stake in Logitech International by 647.0% during the first quarter. Entropy Technologies LP now owns 18,921 shares of the technology company’s stock worth $1,724,000 after purchasing an additional 16,388 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Logitech International by 2.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,802,403 shares of the technology company’s stock worth $288,430,000 after purchasing an additional 74,702 shares during the last quarter. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Stock Performance

Shares of NASDAQ:LOGI opened at $105.11 on Tuesday. Logitech International S.A. has a 52-week low of $83.32 and a 52-week high of $129.66. The company has a market capitalization of $15.41 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 3.76 and a beta of 1.17. The company has a fifty day moving average of $105.90 and a 200-day moving average of $98.60.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Tuesday, July 28th. The technology company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.26 by $0.59. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.20 billion. Logitech International had a return on equity of 37.30% and a net margin of 16.28%.The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $1.26 earnings per share. On average, equities analysts forecast that Logitech International S.A. will post 5.21 EPS for the current fiscal year.

Logitech International Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 22nd will be issued a dividend of $1.36 per share. This represents a yield of 126.0%. The ex-dividend date of this dividend is Tuesday, September 22nd.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LOGI shares. Wall Street Zen lowered Logitech International from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Citigroup upped their price objective on Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Barclays reduced their price objective on Logitech International from $105.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 29th. Weiss Ratings upgraded Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 22nd. Finally, Bank of America downgraded Logitech International from a “neutral” rating to an “underperform” rating and set a $86.00 target price for the company. in a research note on Tuesday, June 30th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $107.86.

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.