Private Advisor Group LLC increased its stake in shares of Logitech International SA (NASDAQ:LOGI) by 14.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,068 shares of the technology company’s stock after acquiring an additional 3,914 shares during the quarter. Private Advisor Group LLC’s holdings in Logitech International were worth $1,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Boston Advisors LLC purchased a new position in shares of Logitech International in the 1st quarter valued at $351,000. Mckinley Capital Management LLC Delaware raised its stake in Logitech International by 4.2% during the 4th quarter. Mckinley Capital Management LLC Delaware now owns 23,595 shares of the technology company’s stock valued at $739,000 after purchasing an additional 961 shares during the last quarter. Henry James International Management Inc. increased its holdings in Logitech International by 22.4% in the 1st quarter. Henry James International Management Inc. now owns 77,328 shares of the technology company’s stock valued at $3,042,000 after buying an additional 14,152 shares during the period. Two Sigma Advisers LP grew its holdings in Logitech International by 1.1% during the 4th quarter. Two Sigma Advisers LP now owns 881,084 shares of the technology company’s stock worth $27,708,000 after acquiring an additional 9,466 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in Logitech International by 208.3% during the 4th quarter. Hsbc Holdings PLC now owns 168,690 shares of the technology company’s stock valued at $5,277,000 after purchasing an additional 113,966 shares during the period. Institutional investors and hedge funds own 32.84% of the company’s stock.
In other Logitech International news, CFO Vincent Pilette sold 109,181 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $40.36, for a total transaction of $4,406,545.16. Following the completion of the sale, the chief financial officer now owns 194,380 shares of the company’s stock, valued at approximately $7,845,176.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.
Several equities analysts recently weighed in on the stock. BidaskClub raised shares of Logitech International from a “sell” rating to a “hold” rating in a research note on Saturday, March 16th. Zacks Investment Research cut shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Friday, February 22nd. Finally, Maxim Group reissued a “hold” rating and issued a $34.00 target price on shares of Logitech International in a research note on Monday, March 11th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Logitech International presently has a consensus rating of “Buy” and an average target price of $45.29.
NASDAQ:LOGI opened at $37.89 on Friday. Logitech International SA has a 1-year low of $29.06 and a 1-year high of $49.96. The firm has a market capitalization of $6.22 billion, a P/E ratio of 21.78, a PEG ratio of 2.26 and a beta of 1.19.
Logitech International (NASDAQ:LOGI) last released its earnings results on Monday, April 29th. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.06. Logitech International had a net margin of 9.24% and a return on equity of 26.79%. The business had revenue of $624.31 million during the quarter, compared to analysts’ expectations of $619.43 million. On average, research analysts anticipate that Logitech International SA will post 1.87 EPS for the current fiscal year.
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Logitech International Profile
Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth and Wi-Fi speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups.
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