Logitech International S.A. (NASDAQ:LOGI) Stock Holdings Lifted by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its position in Logitech International S.A. (NASDAQ:LOGI) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,912 shares of the technology company’s stock after purchasing an additional 4,369 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Logitech International were worth $12,656,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC increased its holdings in Logitech International by 64.2% in the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock worth $451,426,000 after buying an additional 1,967,133 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Logitech International by 3.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company’s stock worth $219,611,000 after acquiring an additional 89,788 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Logitech International by 2,315.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock worth $119,673,000 after purchasing an additional 1,385,493 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Logitech International by 1.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,097,951 shares of the technology company’s stock valued at $98,348,000 after purchasing an additional 19,046 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Logitech International by 57.3% in the second quarter. Marshall Wace LLP now owns 450,897 shares of the technology company’s stock worth $43,615,000 after purchasing an additional 164,307 shares in the last quarter. 45.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LOGI has been the subject of a number of analyst reports. Loop Capital reduced their price target on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, October 28th. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Morgan Stanley upgraded Logitech International from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $73.00 to $92.00 in a research note on Thursday. StockNews.com raised Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Barclays lowered their price target on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $95.75.

Logitech International Stock Performance

Shares of NASDAQ:LOGI opened at $91.55 on Friday. Logitech International S.A. has a 52 week low of $74.72 and a 52 week high of $102.59. The company’s fifty day moving average is $83.57 and its 200-day moving average is $85.74. The company has a market capitalization of $14.48 billion, a PE ratio of 20.39, a P/E/G ratio of 2.74 and a beta of 0.77.

Logitech International Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.