Logitech International S.A. $LOGI Shares Purchased by Assetmark Inc.

Assetmark Inc. raised its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,022 shares of the technology company’s stock after buying an additional 7,353 shares during the period. Assetmark Inc.’s holdings in Logitech International were worth $6,416,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LOGI. Arrowstreet Capital Limited Partnership increased its stake in Logitech International by 305.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,084,820 shares of the technology company’s stock valued at $227,859,000 after buying an additional 1,570,876 shares during the period. Credit Agricole S A acquired a new position in Logitech International during the 3rd quarter valued at about $104,402,000. Assenagon Asset Management S.A. increased its stake in Logitech International by 1,784.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 689,908 shares of the technology company’s stock valued at $71,004,000 after buying an additional 653,296 shares during the period. Marshall Wace LLP increased its stake in Logitech International by 585.5% during the 3rd quarter. Marshall Wace LLP now owns 550,833 shares of the technology company’s stock valued at $60,330,000 after buying an additional 470,476 shares during the period. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new position in Logitech International during the 3rd quarter valued at about $31,725,000. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Stock Performance

LOGI stock opened at $101.09 on Friday. The stock has a market cap of $14.82 billion, a P/E ratio of 21.15, a P/E/G ratio of 3.52 and a beta of 1.08. The firm has a 50 day simple moving average of $91.98 and a 200 day simple moving average of $101.68. Logitech International S.A. has a 52 week low of $70.14 and a 52 week high of $123.01.

Logitech International (NASDAQ:LOGI) last posted its quarterly 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. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Logitech International had a net margin of 14.94% and a return on equity of 33.57%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $1.59 earnings per share. Sell-side analysts predict that Logitech International S.A. will post 4.21 EPS for the current year.

Analysts Set New Price Targets

LOGI has been the topic of a number of research reports. UBS Group downgraded shares of Logitech International from a “buy” rating to a “neutral” rating in a report on Tuesday, March 17th. Wedbush reiterated an “outperform” rating and issued a $135.00 target price on shares of Logitech International in a report on Tuesday, January 20th. Zacks Research downgraded shares of Logitech International from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Morgan Stanley reiterated an “underweight” rating and issued a $89.00 target price (down from $107.00) on shares of Logitech International in a report on Tuesday, January 20th. Finally, BNP Paribas Exane downgraded shares of Logitech International from an “outperform” rating to a “neutral” rating and set a $106.00 target price on the stock. in a report on Thursday, January 8th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Logitech International has an average rating of “Hold” and a consensus price target of $106.29.

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.