Renaissance Technologies LLC increased its holdings in shares of Logitech International SA (NASDAQ:LOGI) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,633,142 shares of the technology company’s stock after buying an additional 79,242 shares during the quarter. Renaissance Technologies LLC owned about 1.60% of Logitech International worth $117,754,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Millennium Management LLC bought a new stake in Logitech International during the 1st quarter worth approximately $207,000. Bank of Montreal Can bought a new stake in Logitech International during the 2nd quarter worth approximately $712,000. Bank of New York Mellon Corp increased its holdings in Logitech International by 13.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,058,245 shares of the technology company’s stock worth $46,542,000 after acquiring an additional 127,149 shares during the period. Quantitative Systematic Strategies LLC bought a new stake in Logitech International during the 2nd quarter worth approximately $483,000. Finally, Russell Investments Group Ltd. bought a new stake in Logitech International during the 2nd quarter worth approximately $433,000. Hedge funds and other institutional investors own 37.93% of the company’s stock.
LOGI has been the topic of a number of analyst reports. Zacks Investment Research reaffirmed a “buy” rating and set a $41.00 target price on shares of Logitech International in a report on Tuesday, November 13th. Citigroup decreased their target price on shares of Logitech International from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Tuesday, October 16th. BidaskClub lowered shares of Logitech International from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 6th. DA Davidson upped their target price on shares of Logitech International from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, September 5th. Finally, ValuEngine lowered shares of Logitech International from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $48.00.
Logitech International stock opened at $32.71 on Friday. The company has a market cap of $5.53 billion, a P/E ratio of 24.41, a PEG ratio of 2.05 and a beta of 1.03. Logitech International SA has a 1-year low of $32.03 and a 1-year high of $49.96.
Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results 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. The firm had revenue of $691.15 million for the quarter, compared to analyst estimates of $695.41 million. Logitech International had a net margin of 8.06% and a return on equity of 25.43%. On average, analysts forecast that Logitech International SA will post 1.64 earnings per share for the current fiscal year.
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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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