M&G Investment Management Ltd. Grows Position in Logitech International S.A. (NASDAQ:LOGI)

M&G Investment Management Ltd. raised its holdings in Logitech International S.A. (NASDAQ:LOGI) by 31.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,509 shares of the technology company’s stock after acquiring an additional 18,089 shares during the period. M&G Investment Management Ltd.’s holdings in Logitech International were worth $8,018,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LOGI. Mascoma Wealth Management LLC purchased a new position in shares of Logitech International during the 1st quarter valued at about $31,000. Total Clarity Wealth Management Inc. purchased a new position in shares of Logitech International during the 1st quarter valued at about $36,000. Bessemer Group Inc. purchased a new position in shares of Logitech International during the 4th quarter valued at about $37,000. Arkadios Wealth Advisors raised its holdings in shares of Logitech International by 511.1% during the 1st quarter. Arkadios Wealth Advisors now owns 385 shares of the technology company’s stock valued at $40,000 after buying an additional 322 shares in the last quarter. Finally, First PREMIER Bank purchased a new position in shares of Logitech International during the 1st quarter valued at about $42,000. 34.64% of the stock is currently owned by institutional investors.

Shares of LOGI stock opened at $132.56 on Friday. The company has a market cap of $22.13 billion, a price-to-earnings ratio of 24.06 and a beta of 0.88. Logitech International S.A. has a fifty-two week low of $57.40 and a fifty-two week high of $140.17. The stock has a 50 day simple moving average of $114.79.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Wednesday, April 28th. The technology company reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.40. Logitech International had a return on equity of 53.66% and a net margin of 18.03%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.16 billion. Equities analysts anticipate that Logitech International S.A. will post 4.23 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on LOGI shares. Wedbush restated a “neutral” rating and set a $120.00 price target on shares of Logitech International in a research report on Friday, April 23rd. DA Davidson raised their price target on Logitech International from $119.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, March 2nd. Loop Capital raised their price target on Logitech International from $120.00 to $130.00 in a research report on Monday, May 3rd. Morgan Stanley lowered Logitech International from an “overweight” rating to an “equal weight” rating and set a $126.00 price target on the stock. in a research report on Thursday. Finally, Zacks Investment Research lowered Logitech International from a “buy” rating to a “hold” rating and set a $127.00 price target on the stock. in a research report on Tuesday, May 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $123.50.

Logitech International Company Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that helps people connect to digital and cloud experiences worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.

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Institutional Ownership by Quarter for Logitech International (NASDAQ:LOGI)

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