Munich Reinsurance Co Stock Corp in Munich Invests $31.73 Million in Logitech International S.A. $LOGI

Munich Reinsurance Co Stock Corp in Munich bought a new stake in shares of Logitech International S.A. (NASDAQ:LOGI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 290,864 shares of the technology company’s stock, valued at approximately $31,725,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP lifted its holdings in shares of Logitech International by 1.0% during the 3rd quarter. First Trust Advisors LP now owns 131,261 shares of the technology company’s stock valued at $14,392,000 after purchasing an additional 1,255 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in Logitech International by 4.2% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,337 shares of the technology company’s stock valued at $914,000 after buying an additional 335 shares in the last quarter. 111 Capital purchased a new stake in Logitech International in the third quarter valued at about $2,031,000. Fisher Asset Management LLC purchased a new stake in Logitech International in the third quarter valued at about $227,000. Finally, Intech Investment Management LLC acquired a new stake in Logitech International in the third quarter worth about $6,551,000. 45.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Logitech International in a research note on Thursday, January 22nd. Wedbush reiterated an “outperform” rating and issued a $135.00 target price on shares of Logitech International in a research note on Tuesday, January 20th. Barclays reissued an “equal weight” rating and set a $98.00 target price (down from $134.00) on shares of Logitech International in a research report on Friday, January 16th. 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. Finally, Wall Street Zen downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Logitech International currently has an average rating of “Hold” and a consensus target price of $102.13.

Logitech International Price Performance

Shares of LOGI stock opened at $92.18 on Friday. Logitech International S.A. has a 52-week low of $64.73 and a 52-week high of $123.01. The business has a 50-day simple moving average of $93.03 and a 200-day simple moving average of $104.61.

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

Logitech International 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.