Leonteq Securities AG Takes $9.88 Million Position in Logitech International S.A. $LOGI

Leonteq Securities AG purchased a new stake in shares of Logitech International S.A. (NASDAQ:LOGI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 98,558 shares of the technology company’s stock, valued at approximately $9,877,000. Logitech International comprises approximately 0.3% of Leonteq Securities AG’s portfolio, making the stock its 29th biggest position.

Other large investors have also recently modified their holdings of the company. Park Avenue Securities LLC boosted its position in shares of Logitech International by 43.3% during the 4th quarter. Park Avenue Securities LLC now owns 28,846 shares of the technology company’s stock valued at $2,891,000 after acquiring an additional 8,717 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Logitech International by 28.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 339,790 shares of the technology company’s stock valued at $37,015,000 after acquiring an additional 74,772 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its position in shares of Logitech International by 8.7% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 260,162 shares of the technology company’s stock valued at $26,777,000 after acquiring an additional 20,866 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Logitech International by 46.5% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 105,685 shares of the technology company’s stock valued at $11,520,000 after acquiring an additional 33,564 shares during the last quarter. Finally, AMJ Financial Wealth Management bought a new stake in shares of Logitech International during the 3rd quarter valued at about $3,294,000. Institutional investors own 45.76% of the company’s stock.

Logitech International Price Performance

NASDAQ:LOGI opened at $103.78 on Thursday. The business has a 50 day moving average of $96.41 and a 200 day moving average of $100.21. The company has a market capitalization of $15.21 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 2.64 and a beta of 1.07. Logitech International S.A. has a 1-year low of $81.98 and a 1-year high of $123.01.

Logitech International (NASDAQ:LOGI) last released its earnings results on Tuesday, May 5th. The technology company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Logitech International had a return on equity of 34.12% and a net margin of 14.69%.Logitech International’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. As a group, sell-side analysts anticipate that Logitech International S.A. will post 5.16 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LOGI shares. Barclays lifted their price target on Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded Logitech International from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Weiss Ratings downgraded Logitech International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 6th. UBS Group downgraded Logitech International from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 17th. Finally, Wedbush restated an “outperform” rating and issued a $135.00 target price on shares of Logitech International in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.