Logitech International S.A. $LOGI Stake Raised by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in Logitech International S.A. (NASDAQ:LOGI) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,682,756 shares of the technology company’s stock after acquiring an additional 75,256 shares during the period. Vanguard Group Inc.’s holdings in Logitech International were worth $678,420,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Fifth Third Bancorp lifted its stake in Logitech International by 16.6% in the 3rd quarter. Fifth Third Bancorp now owns 751 shares of the technology company’s stock worth $82,000 after acquiring an additional 107 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Logitech International by 6.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,886 shares of the technology company’s stock worth $207,000 after acquiring an additional 107 shares in the last quarter. Pathstone Holdings LLC lifted its stake in Logitech International by 0.7% in the 3rd quarter. Pathstone Holdings LLC now owns 16,521 shares of the technology company’s stock worth $1,812,000 after acquiring an additional 120 shares in the last quarter. Frank Rimerman Advisors LLC lifted its stake in Logitech International by 1.1% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 11,389 shares of the technology company’s stock worth $1,249,000 after acquiring an additional 122 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Logitech International by 2.0% in the 4th quarter. Signaturefd LLC now owns 6,167 shares of the technology company’s stock worth $618,000 after acquiring an additional 122 shares in the last quarter. 45.76% of the stock is owned by hedge funds and other institutional investors.

Logitech International Price Performance

LOGI opened at $99.49 on Monday. Logitech International S.A. has a fifty-two week low of $76.52 and a fifty-two week high of $123.01. The business has a 50-day moving average of $93.26 and a 200-day moving average of $100.85. The company has a market capitalization of $14.58 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 3.53 and a beta of 1.07.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on LOGI shares. Citigroup cut their price target on Logitech International from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, January 20th. UBS Group downgraded Logitech International from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 17th. Barclays reaffirmed an “equal weight” rating and set a $98.00 price target (down from $134.00) on shares of Logitech International in a research note on Friday, January 16th. Weiss Ratings downgraded Logitech International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. Finally, Wedbush reaffirmed an “outperform” rating and set a $135.00 price target on shares of Logitech International in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $106.29.

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.