Aperio Group LLC lowered its position in Logitech International SA (NASDAQ:LOGI) by 7.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,635 shares of the technology company’s stock after selling 3,539 shares during the period. Aperio Group LLC’s holdings in Logitech International were worth $1,996,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in Logitech International by 10.8% during the 3rd quarter. Bank of Montreal Can now owns 17,965 shares of the technology company’s stock worth $803,000 after purchasing an additional 1,749 shares in the last quarter. Raymond James & Associates increased its holdings in Logitech International by 6.4% during the 2nd quarter. Raymond James & Associates now owns 30,000 shares of the technology company’s stock worth $1,323,000 after purchasing an additional 1,813 shares in the last quarter. US Bancorp DE increased its holdings in Logitech International by 13.6% during the 2nd quarter. US Bancorp DE now owns 16,131 shares of the technology company’s stock worth $708,000 after purchasing an additional 1,925 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Logitech International by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 329,468 shares of the technology company’s stock worth $14,464,000 after purchasing an additional 2,403 shares in the last quarter. Finally, Cutler Group LP increased its holdings in Logitech International by 143.7% during the 2nd quarter. Cutler Group LP now owns 5,508 shares of the technology company’s stock worth $241,000 after purchasing an additional 3,248 shares in the last quarter. Institutional investors and hedge funds own 37.25% of the company’s stock.
LOGI stock opened at $36.72 on Friday. Logitech International SA has a 1 year low of $32.66 and a 1 year high of $49.96. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 2.25 and a beta of 1.09.
Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Monday, October 22nd. The technology company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.10. Logitech International had a net margin of 8.06% and a return on equity of 25.43%. The company had revenue of $691.15 million during the quarter, compared to the consensus estimate of $695.41 million. On average, equities analysts forecast that Logitech International SA will post 1.64 earnings per share for the current year.
LOGI has been the subject of a number of research reports. Zacks Investment Research cut Logitech International from a “strong-buy” rating to a “hold” rating in a report on Monday, September 24th. BidaskClub cut Logitech International from a “sell” rating to a “strong sell” rating in a report on Thursday, October 11th. Citigroup lowered their target price on Logitech International from $50.00 to $48.00 and set a “buy” rating for the company in a report on Tuesday, October 16th. DA Davidson increased their target price on Logitech International from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, September 5th. Finally, ValuEngine cut Logitech International from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Logitech International presently has a consensus rating of “Hold” and a consensus target price of $49.20.
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Logitech International Company 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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