18,641 Shares in Logitech International S.A. $LOGI Bought by 111 Capital

111 Capital bought a new stake in Logitech International S.A. (NASDAQ:LOGI) during the third quarter, according to its most recent filing with the SEC. The firm bought 18,641 shares of the technology company’s stock, valued at approximately $2,031,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LOGI. Mather Group LLC. acquired a new stake in shares of Logitech International in the third quarter valued at about $34,000. Westside Investment Management Inc. boosted its stake in Logitech International by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 326 shares of the technology company’s stock valued at $36,000 after purchasing an additional 163 shares during the period. Richardson Financial Services Inc. boosted its stake in Logitech International by 63.7% during the 3rd quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock valued at $36,000 after purchasing an additional 128 shares during the period. Westerkirk Capital Inc. acquired a new stake in Logitech International in the 2nd quarter valued at approximately $36,000. Finally, Groupe la Francaise bought a new position in Logitech International in the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 45.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on LOGI. Morgan Stanley reiterated an “underweight” rating and set a $89.00 price target (down from $107.00) on shares of Logitech International in a report on Tuesday, January 20th. Wall Street Zen lowered shares of Logitech International from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Wedbush reiterated an “outperform” rating and set a $135.00 target price on shares of Logitech International in a research note on Tuesday, January 20th. BNP Paribas Exane lowered shares of Logitech International from an “outperform” rating to a “neutral” rating and set a $106.00 price target on the stock. in a research report on Thursday, January 8th. Finally, Barclays restated an “equal weight” rating and set a $98.00 price objective (down from $134.00) on shares of Logitech International in a report on Friday, January 16th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Logitech International 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 Monday. The firm has a fifty day moving average of $94.35 and a 200-day moving average of $104.94. Logitech International S.A. has a 52-week low of $64.73 and a 52-week high of $123.01.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Tuesday, January 27th. The technology company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. Logitech International had a net margin of 14.94% and a return on equity of 33.57%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the firm posted $1.59 earnings per share. The firm’s revenue for the quarter 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.

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.