Logitech International S.A. $LOGI Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in Logitech International S.A. (NASDAQ:LOGI) by 62.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,832 shares of the technology company’s stock after purchasing an additional 37,772 shares during the period. Intech Investment Management LLC’s holdings in Logitech International were worth $10,069,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of LOGI. AQR Capital Management LLC lifted its stake in Logitech International by 61.2% during the 1st quarter. AQR Capital Management LLC now owns 4,175 shares of the technology company’s stock worth $352,000 after acquiring an additional 1,585 shares in the last quarter. Rhumbline Advisers lifted its stake in Logitech International by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 4,732 shares of the technology company’s stock worth $426,000 after acquiring an additional 152 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake 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 acquiring an additional 165 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Logitech International by 13.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,779 shares of the technology company’s stock worth $160,000 after acquiring an additional 206 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its stake in Logitech International by 1.3% during the 2nd quarter. Guggenheim Capital LLC now owns 10,182 shares of the technology company’s stock worth $918,000 after acquiring an additional 126 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Analyst Upgrades and Downgrades

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

Logitech International Stock Performance

LOGI opened at $121.87 on Friday. Logitech International S.A. has a one year low of $81.98 and a one year high of $123.57. The company has a market cap of $17.86 billion, a P/E ratio of 25.39, a PEG ratio of 2.84 and a beta of 1.07. The business’s 50-day simple moving average is $99.20 and its 200-day simple 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 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Logitech International had a return on equity of 34.09% and a net margin of 14.69%.The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 EPS. As a group, analysts predict that Logitech International S.A. will post 5.16 earnings per share for the current fiscal year.

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.