Arrowstreet Capital Limited Partnership Purchases 906,807 Shares of Logitech International S.A. $LOGI

Arrowstreet Capital Limited Partnership grew its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 43.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,991,627 shares of the technology company’s stock after buying an additional 906,807 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Logitech International were worth $304,151,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LOGI. Quarry LP bought a new position in Logitech International during the 3rd quarter worth $30,000. CIBC Private Wealth Group LLC increased its position in Logitech International by 61.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 455 shares of the technology company’s stock worth $46,000 after buying an additional 173 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Logitech International by 40.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock worth $52,000 after buying an additional 165 shares during the period. Richardson Financial Services Inc. increased its position in Logitech International by 101.5% during the 4th quarter. Richardson Financial Services Inc. now owns 663 shares of the technology company’s stock worth $66,000 after buying an additional 334 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its position in Logitech International by 911.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 678 shares of the technology company’s stock worth $68,000 after buying an additional 611 shares during the period. Institutional investors own 45.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wall Street Zen lowered Logitech International from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Weiss Ratings raised Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 22nd. Citigroup increased their target price on Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. UBS Group lowered Logitech International from a “buy” rating to a “neutral” rating in a report on Tuesday, March 17th. Finally, Barclays increased their target price on Logitech International from $98.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $113.67.

Logitech International Stock Performance

LOGI opened at $110.81 on Monday. The firm has a market cap of $16.24 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 2.82 and a beta of 1.13. Logitech International S.A. has a 52-week low of $83.32 and a 52-week high of $129.66. The business’s fifty day moving average is $104.18 and its 200-day moving average is $99.97.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Logitech International had a return on equity of 34.09% and a net margin of 14.69%.Logitech International’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. On average, research analysts predict that Logitech International S.A. will post 5.16 earnings per share for the current fiscal year.

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.