Banque Cantonale Vaudoise Sells 12,732 Shares of Logitech International S.A. $LOGI

Banque Cantonale Vaudoise decreased its position in Logitech International S.A. (NASDAQ:LOGI) by 3.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 344,194 shares of the technology company’s stock after selling 12,732 shares during the period. Logitech International accounts for about 1.3% of Banque Cantonale Vaudoise’s portfolio, making the stock its 12th largest holding. Banque Cantonale Vaudoise’s holdings in Logitech International were worth $35,426,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in shares of Logitech International by 2.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,172 shares of the technology company’s stock worth $819,000 after buying an additional 212 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Logitech International by 9.2% in the fourth quarter. Larson Financial Group LLC now owns 2,289 shares of the technology company’s stock valued at $229,000 after acquiring an additional 192 shares in the last quarter. Csenge Advisory Group bought a new position in Logitech International during the fourth quarter worth about $243,000. AMJ Financial Wealth Management raised its stake in Logitech International by 72.2% in the 4th quarter. AMJ Financial Wealth Management now owns 51,718 shares of the technology company’s stock worth $5,183,000 after purchasing an additional 21,683 shares in the last quarter. Finally, AustralianSuper Pty Ltd acquired a new stake in Logitech International in the 4th quarter worth about $13,583,000. Institutional investors own 45.76% of the company’s stock.

Logitech International Price Performance

NASDAQ LOGI opened at $103.66 on Wednesday. The business has a fifty day moving average price of $96.18 and a two-hundred day moving average price of $100.33. The stock has a market capitalization of $15.20 billion, a PE ratio of 21.60, a PEG ratio of 2.68 and a beta of 1.07. Logitech International S.A. has a fifty-two week low of $81.98 and a fifty-two week high of $123.01.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results 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 return on equity of 34.12% and a net margin of 14.69%.The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. Logitech International’s 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.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays increased their target price on shares of Logitech International from $98.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Morgan Stanley reissued an “underweight” rating and set a $89.00 price target (down from $107.00) on shares of Logitech International in a research report on Tuesday, January 20th. Citigroup raised their price objective on Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings downgraded Logitech International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. Finally, UBS Group lowered Logitech International from a “buy” rating to a “neutral” rating in a report on Tuesday, March 17th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Logitech International currently has a consensus 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.