Barclays PLC Has $328.23 Million Holdings in Logitech International S.A. $LOGI

Barclays PLC lifted its holdings in Logitech International S.A. (NASDAQ:LOGI) by 16.0% during the 4th quarter, Holdings Channel reports. The fund owned 3,275,064 shares of the technology company’s stock after acquiring an additional 451,357 shares during the quarter. Barclays PLC’s holdings in Logitech International were worth $328,227,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC raised its position in Logitech International by 43.3% in the 4th quarter. Park Avenue Securities LLC now owns 28,846 shares of the technology company’s stock worth $2,891,000 after purchasing an additional 8,717 shares during the last quarter. Russell Investments Group Ltd. raised its position in Logitech International by 28.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 339,790 shares of the technology company’s stock worth $37,015,000 after purchasing an additional 74,772 shares during the last quarter. Compagnie Lombard Odier SCmA raised its position in Logitech International by 8.7% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 260,162 shares of the technology company’s stock worth $26,777,000 after purchasing an additional 20,866 shares during the last quarter. AMJ Financial Wealth Management bought a new stake in shares of Logitech International during the 3rd quarter valued at $3,294,000. Finally, Willis Investment Counsel raised its position in shares of Logitech International by 40.0% during the 4th quarter. Willis Investment Counsel now owns 42,747 shares of the technology company’s stock valued at $4,284,000 after acquiring an additional 12,221 shares during the last quarter. Institutional investors own 45.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on LOGI. UBS Group cut shares of Logitech International from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 17th. Weiss Ratings upgraded shares of Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 22nd. Wedbush restated an “outperform” rating and issued a $135.00 price objective on shares of Logitech International in a research report on Wednesday, May 6th. Citigroup upped their price objective on shares of Logitech International from $115.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Barclays upped their price objective on shares of Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $113.67.

Logitech International Price Performance

Logitech International stock opened at $110.81 on Monday. The firm has a 50-day moving average of $104.18 and a 200-day moving average of $99.97. Logitech International S.A. has a one year low of $83.32 and a one year high of $129.66. The company has a market cap of $16.24 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 2.82 and a beta of 1.13.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Logitech International had a net margin of 14.69% and a return on equity of 34.09%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business posted $0.93 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts expect that Logitech International S.A. will post 5.16 earnings per share 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.