Logitech International S.A. $LOGI Shares Sold by Andra AP fonden

Andra AP fonden reduced its stake in Logitech International S.A. (NASDAQ:LOGI) by 73.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,623 shares of the technology company’s stock after selling 115,785 shares during the period. Andra AP fonden’s holdings in Logitech International were worth $4,565,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. AQR Capital Management LLC raised its position in shares of Logitech International by 61.2% in the 1st quarter. AQR Capital Management LLC now owns 4,175 shares of the technology company’s stock valued at $352,000 after purchasing an additional 1,585 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Logitech International by 3.2% during the second quarter. Envestnet Asset Management Inc. now owns 113,261 shares of the technology company’s stock worth $10,208,000 after purchasing an additional 3,545 shares during the period. Assetmark Inc. raised its stake in Logitech International by 6.9% during the second quarter. Assetmark Inc. now owns 56,375 shares of the technology company’s stock worth $5,081,000 after acquiring an additional 3,640 shares during the period. swisspartners Advisors Ltd lifted its stake in Logitech International by 5.5% in the second quarter. swisspartners Advisors Ltd now owns 15,590 shares of the technology company’s stock valued at $1,402,000 after buying an additional 810 shares during the last quarter. Finally, Achmea Investment Management B.V. grew its position in shares of Logitech International by 5.1% during the second quarter. Achmea Investment Management B.V. now owns 31,503 shares of the technology company’s stock worth $2,828,000 after acquiring an additional 1,536 shares during the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LOGI. Wall Street Zen lowered Logitech International from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Citigroup reduced their price target on shares of Logitech International from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, January 20th. Barclays reissued an “equal weight” rating and issued a $98.00 price objective (down from $134.00) on shares of Logitech International in a research note on Friday, January 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Logitech International in a research report on Thursday, January 22nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Logitech International in a research report on Tuesday, January 20th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Logitech International presently has an average rating of “Hold” and a consensus price target of $102.13.

Logitech International Stock Performance

Shares of LOGI stock opened at $91.95 on Friday. Logitech International S.A. has a 52-week low of $64.73 and a 52-week high of $123.01. The firm has a fifty day moving average of $94.35 and a 200-day moving average of $104.90.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Tuesday, January 27th. The technology company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.78 by $0.15. Logitech International had a return on equity of 33.57% and a net margin of 14.94%.The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the company earned $1.59 EPS. Logitech International’s revenue was up 6.1% on a year-over-year basis. Sell-side analysts expect that Logitech International S.A. will post 4.21 earnings per share for the current year.

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.