Park Avenue Securities LLC Grows Stock Position in Logitech International S.A. $LOGI

Park Avenue Securities LLC grew its holdings in Logitech International S.A. (NASDAQ:LOGI) by 43.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,846 shares of the technology company’s stock after acquiring an additional 8,717 shares during the quarter. Park Avenue Securities LLC’s holdings in Logitech International were worth $2,891,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Logitech International by 305.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,084,820 shares of the technology company’s stock valued at $227,859,000 after acquiring an additional 1,570,876 shares in the last quarter. Credit Agricole S A acquired a new stake in Logitech International in the 3rd quarter worth approximately $104,402,000. Marshall Wace LLP grew its position in Logitech International by 585.5% during the 3rd quarter. Marshall Wace LLP now owns 550,833 shares of the technology company’s stock worth $60,330,000 after purchasing an additional 470,476 shares during the last quarter. Norges Bank purchased a new stake in Logitech International during the 2nd quarter worth approximately $42,240,000. Finally, Mackenzie Financial Corp increased its stake in Logitech International by 2,227.1% during the 2nd quarter. Mackenzie Financial Corp now owns 453,385 shares of the technology company’s stock valued at $40,840,000 after purchasing an additional 433,902 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. BNP Paribas Exane downgraded shares of Logitech International from an “outperform” rating to a “neutral” rating and set a $106.00 price objective for the company. in a research note on Thursday, January 8th. Zacks Research downgraded Logitech International from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Logitech International in a research note on Thursday, January 22nd. Barclays reaffirmed an “equal weight” rating and set a $98.00 price target (down from $134.00) on shares of Logitech International in a research report on Friday, January 16th. Finally, Wedbush reiterated an “outperform” rating and set a $135.00 price target on shares of Logitech International in a research note on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Logitech International presently has an average rating of “Hold” and a consensus price target of $102.13.

Logitech International Trading Down 4.1%

Shares of NASDAQ LOGI opened at $87.99 on Monday. Logitech International S.A. has a 12 month low of $64.73 and a 12 month high of $123.01. The company has a 50 day simple moving average of $91.50 and a two-hundred day simple moving average of $103.90. The stock has a market cap of $12.90 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 3.22 and a beta of 1.09.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings data on Tuesday, January 27th. The technology company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. Logitech International had a net margin of 14.94% and a return on equity of 33.57%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the business earned $1.59 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. Analysts forecast that Logitech International S.A. will post 4.21 EPS for the current year.

Logitech International Company Profile

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.