USA Financial Portformulas Corp purchased a new stake in shares of Logitech International S.A. (NASDAQ:LOGI) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 7,913 shares of the technology company’s stock, valued at approximately $289,000.
Other large investors have also recently modified their holdings of the company. GRATRY & Co LLC grew its holdings in Logitech International by 62.0% during the 3rd quarter. GRATRY & Co LLC now owns 51,093 shares of the technology company’s stock valued at $1,863,000 after purchasing an additional 19,553 shares during the last quarter. Royal Bank of Canada boosted its position in Logitech International by 38.1% in the 2nd quarter. Royal Bank of Canada now owns 114,868 shares of the technology company’s stock valued at $4,211,000 after buying an additional 31,683 shares during the period. Schroder Investment Management Group boosted its position in Logitech International by 71.6% in the 2nd quarter. Schroder Investment Management Group now owns 4,704,135 shares of the technology company’s stock valued at $161,352,000 after buying an additional 1,962,561 shares during the period. Vanguard Group Inc. boosted its position in Logitech International by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,600,997 shares of the technology company’s stock valued at $132,012,000 after buying an additional 147,619 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in Logitech International in the 2nd quarter valued at about $246,000. Institutional investors own 37.76% of the company’s stock.
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Shares of Logitech International S.A. (LOGI) opened at $35.45 on Friday. Logitech International S.A. has a 52-week low of $23.59 and a 52-week high of $40.82. The firm has a market cap of $5,757.30, a P/E ratio of 27.39 and a beta of 0.42.
Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Monday, October 23rd. The technology company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.29 by $0.11. The firm had revenue of $634.21 million during the quarter, compared to analyst estimates of $630.23 million. Logitech International had a net margin of 9.32% and a return on equity of 24.58%. During the same quarter in the previous year, the business posted $0.35 EPS. analysts predict that Logitech International S.A. will post 1.24 earnings per share for the current year.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Logitech International from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a research report on Tuesday, September 19th. Loop Capital initiated coverage on shares of Logitech International in a research report on Monday, July 24th. They issued a “buy” rating and a $48.00 price objective for the company. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Logitech International has a consensus rating of “Buy” and a consensus price target of $44.60.
About Logitech International
Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.
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