Andra AP fonden Increases Stake in Logitech International S.A. $LOGI

Andra AP fonden lifted its holdings in shares of Logitech International S.A. (NASDAQ:LOGI) by 390.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 204,073 shares of the technology company’s stock after buying an additional 162,450 shares during the period. Andra AP fonden’s holdings in Logitech International were worth $20,452,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LOGI. Quarry LP purchased a new position in shares of Logitech International in the 3rd quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Logitech International by 40.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock valued at $52,000 after purchasing an additional 165 shares during the last quarter. Richardson Financial Services Inc. grew its stake in shares of Logitech International by 101.5% in the 4th quarter. Richardson Financial Services Inc. now owns 663 shares of the technology company’s stock valued at $66,000 after purchasing an additional 334 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Logitech International by 16.6% in the 3rd quarter. Fifth Third Bancorp now owns 751 shares of the technology company’s stock valued at $82,000 after purchasing an additional 107 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Logitech International by 92.9% in the 4th quarter. Farther Finance Advisors LLC now owns 1,144 shares of the technology company’s stock valued at $115,000 after purchasing an additional 551 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Trading Up 0.7%

LOGI stock opened at $109.89 on Friday. The stock has a 50-day moving average price of $103.79 and a two-hundred day moving average price of $99.98. Logitech International S.A. has a 12-month low of $83.32 and a 12-month high of $129.66. The company has a market cap of $16.11 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 2.77 and a beta of 1.13.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Tuesday, May 5th. The technology company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. Logitech International had a return on equity of 34.09% and a net margin of 14.69%.The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. Equities analysts forecast that Logitech International S.A. will post 5.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on LOGI. UBS Group downgraded Logitech International from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 17th. Wall Street Zen downgraded Logitech International from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Wedbush restated an “outperform” rating and issued a $135.00 price target on shares of Logitech International in a research note on Wednesday, May 6th. Citigroup lifted their price target on Logitech International from $115.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 22nd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $113.67.

About Logitech International

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.