BLI Banque de Luxembourg Investments Sells 8,787 Shares of Logitech International S.A. $LOGI

BLI Banque de Luxembourg Investments lessened its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 12.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 64,582 shares of the technology company’s stock after selling 8,787 shares during the quarter. BLI Banque de Luxembourg Investments’ holdings in Logitech International were worth $6,644,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Quarry LP bought a new stake in shares of Logitech International during the 3rd quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Logitech International by 40.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock valued at $52,000 after buying an additional 165 shares during the last quarter. Richardson Financial Services Inc. grew its stake in shares of Logitech International by 101.5% during the fourth quarter. Richardson Financial Services Inc. now owns 663 shares of the technology company’s stock valued at $66,000 after buying an additional 334 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Logitech International by 16.6% during the third quarter. Fifth Third Bancorp now owns 751 shares of the technology company’s stock worth $82,000 after purchasing an additional 107 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Logitech International by 92.9% during the fourth quarter. Farther Finance Advisors LLC now owns 1,144 shares of the technology company’s stock worth $115,000 after purchasing an additional 551 shares during the period. Institutional investors own 45.76% of the company’s stock.

Logitech International Stock Up 0.4%

Shares of LOGI opened at $113.38 on Tuesday. The company has a 50 day moving average of $102.58 and a two-hundred day moving average of $99.92. Logitech International S.A. has a twelve month low of $83.32 and a twelve month high of $129.66. The company has a market cap of $16.62 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 2.87 and a beta of 1.13.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $1.13 earnings per share (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 firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts expect that Logitech International S.A. will post 5.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Weiss Ratings raised shares of Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 22nd. Barclays boosted their price objective on shares of Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. UBS Group downgraded Logitech International from a “buy” rating to a “neutral” rating in a report on Tuesday, March 17th. Wedbush reissued an “outperform” rating and issued a $135.00 target price on shares of Logitech International in a report on Wednesday, May 6th. Finally, Wall Street Zen lowered shares of Logitech International from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Three investment 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $113.67.

Logitech International 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.