Logitech International S.A. $LOGI Shares Acquired by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA increased its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 8.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,162 shares of the technology company’s stock after purchasing an additional 20,866 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Logitech International were worth $26,777,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Quarry LP purchased a new position in shares of Logitech International in the 3rd quarter valued at about $30,000. Mather Group LLC. purchased a new stake in shares of Logitech International during the third quarter worth approximately $34,000. Westerkirk Capital Inc. purchased a new stake in shares of Logitech International during the second quarter worth approximately $36,000. Richardson Financial Services Inc. raised its holdings in Logitech International by 63.7% in the third quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock valued at $36,000 after acquiring an additional 128 shares in the last quarter. Finally, Westside Investment Management Inc. raised its holdings in Logitech International by 100.0% in the third quarter. Westside Investment Management Inc. now owns 326 shares of the technology company’s stock valued at $36,000 after acquiring an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on LOGI. Weiss Ratings reiterated a “buy (b-)” rating on shares of Logitech International in a report on Thursday, January 22nd. UBS Group cut shares of Logitech International from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 17th. Zacks Research downgraded shares of Logitech International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Wedbush reissued an “outperform” rating and issued a $135.00 target price on shares of Logitech International in a report on Tuesday, January 20th. Finally, Citigroup cut their price target on Logitech International from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, January 20th. Three 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $102.13.

Logitech International Trading Up 0.7%

LOGI stock opened at $91.72 on Thursday. Logitech International S.A. has a twelve month low of $64.73 and a twelve month high of $123.01. The company’s 50 day moving average is $90.91 and its two-hundred day moving average is $103.01. The stock has a market cap of $13.45 billion, a P/E ratio of 19.19, a PEG ratio of 3.34 and a beta of 1.08.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Tuesday, January 27th. The technology company reported $1.93 earnings per share (EPS) for the quarter, beating 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 company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.59 EPS. On average, equities research analysts predict 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.