Haven Global Partners LLC Takes Position in Logitech International S.A. $LOGI

Haven Global Partners LLC bought a new position in Logitech International S.A. (NASDAQ:LOGI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 165,528 shares of the technology company’s stock, valued at approximately $18,054,000. Logitech International comprises 12.9% of Haven Global Partners LLC’s portfolio, making the stock its 4th biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Logitech International by 46.5% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 105,685 shares of the technology company’s stock valued at $11,520,000 after buying an additional 33,564 shares during the last quarter. Virtus Advisers LLC bought a new stake in shares of Logitech International during the 2nd quarter worth approximately $246,000. Vise Technologies Inc. bought a new position in Logitech International in the 2nd quarter valued at $329,000. Assetmark Inc. grew its position in Logitech International by 6.9% in the 2nd quarter. Assetmark Inc. now owns 56,375 shares of the technology company’s stock valued at $5,081,000 after acquiring an additional 3,640 shares during the last quarter. Finally, BLI Banque de Luxembourg Investments increased its stake in Logitech International by 19.7% in the second quarter. BLI Banque de Luxembourg Investments now owns 75,525 shares of the technology company’s stock worth $6,752,000 after purchasing an additional 12,446 shares during the period. 45.76% of the stock is currently owned by institutional investors.

Logitech International Stock Performance

NASDAQ:LOGI opened at $87.02 on Friday. Logitech International S.A. has a one year low of $64.73 and a one year high of $123.01. The firm has a 50-day simple moving average of $99.47 and a 200-day simple moving average of $105.15.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Wedbush reissued an “outperform” rating and issued a $135.00 price objective on shares of Logitech International in a research report on Tuesday, January 20th. Morgan Stanley reaffirmed an “underweight” rating and set a $89.00 target price (down from $107.00) on shares of Logitech International in a research report on Tuesday, January 20th. Barclays reaffirmed an “equal weight” rating and set a $98.00 price target (down previously from $134.00) on shares of Logitech International in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. increased their price objective on Logitech International from $104.00 to $123.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Logitech International has an average rating of “Hold” and a consensus price target of $102.13.

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.