Quantinno Capital Management LP Raises Stock Holdings in Logitech International S.A. $LOGI

Quantinno Capital Management LP raised its holdings in Logitech International S.A. (NASDAQ:LOGI) by 7.9% during the 1st quarter, Holdings Channel reports. The firm owned 103,549 shares of the technology company’s stock after buying an additional 7,545 shares during the quarter. Quantinno Capital Management LP’s holdings in Logitech International were worth $9,435,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Logitech International by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 6,682,756 shares of the technology company’s stock worth $678,420,000 after buying an additional 75,256 shares during the period. Barclays PLC raised its position in Logitech International by 16.0% during the fourth quarter. Barclays PLC now owns 3,275,064 shares of the technology company’s stock worth $328,227,000 after acquiring an additional 451,357 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Logitech International by 43.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,991,627 shares of the technology company’s stock valued at $304,151,000 after purchasing an additional 906,807 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Logitech International by 2.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,802,403 shares of the technology company’s stock valued at $288,430,000 after purchasing an additional 74,702 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Logitech International by 7.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,727,701 shares of the technology company’s stock valued at $297,504,000 after purchasing an additional 191,828 shares during the period. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Logitech International Stock Up 3.7%

Logitech International stock opened at $108.95 on Wednesday. The company has a fifty day simple moving average of $105.86 and a 200-day simple moving average of $98.69. The firm has a market capitalization of $15.97 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 3.86 and a beta of 1.17. Logitech International S.A. has a 52-week low of $83.32 and a 52-week high of $129.66.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Tuesday, July 28th. The technology company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.59. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Logitech International had a net margin of 16.28% and a return on equity of 37.30%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $1.26 earnings per share. On average, research analysts anticipate 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 paid a $1.36 dividend. This represents a yield of 126.0%. The ex-dividend date of this dividend is Tuesday, September 22nd.

Analyst Ratings Changes

Several research firms recently weighed in on LOGI. Barclays reduced their price target on shares of Logitech International from $105.00 to $101.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 29th. Citigroup lifted their price objective on Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. reduced their target price on Logitech International from $123.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Weiss Ratings upgraded Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 22nd. Finally, Wedbush decreased their target price on Logitech International from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.