1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC grew its holdings in Logitech International S.A. ( NASDAQ:LOGI – Free Report ) by 10.
1% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,094 shares of the technology company’s stock after acquiring an additional 560 shares during the quarter.
Orion Portfolio Solutions LLC’s holdings in Logitech International were worth $502,000 as of its most recent SEC filing. A number of other institutional investors have also made changes to their positions in the business. Janney Montgomery Scott LLC lifted its position in Logitech International by 4,876.
3% during the 4th quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock worth $13,798,000 after buying an additional 164,185 shares in the last quarter. Charles Schwab Investment Management Inc.
increased its position in shares of Logitech International by 8.0% in the third quarter. Charles Schwab Investment Management Inc.
now owns 16,211 shares of the technology company’s stock valued at $1,455,000 after acquiring an additional 1,206 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Logitech International by 5.7% during the fourth quarter.
Bank of New York Mellon Corp now owns 351,097 shares of the technology company’s stock worth $28,913,000 after acquiring an additional 18,986 shares in the last quarter. US Bancorp DE boosted its position in Logitech International by 5.6% during the fourth quarter.
US Bancorp DE now owns 8,344 shares of the technology company’s stock valued at $687,000 after purchasing an additional 446 shares during the last quarter. Finally, World Investment Advisors LLC bought a new position in Logitech International in the third quarter valued at approximately $12,597,000. Institutional investors own 45.
76% of the company’s stock. Analyst Upgrades and Downgrades A number of equities research analysts have recently issued reports on LOGI shares. Morgan Stanley upgraded Logitech International from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $73.
00 to $92.00 in a research note on Thursday, January 23rd. Barclays upped their price target on shares of Logitech International from $103.
00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Kepler Capital Markets raised shares of Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th.
Wedbush raised shares of Logitech International from a “neutral” rating to an “outperform” rating and upped their target price for the company from $100.00 to $125.00 in a report on Friday, March 7th.
Finally, Bank of America upgraded Logitech International from an “underperform” rating to a “neutral” rating and reduced their price target for the stock from $90.00 to $73.00 in a report on Friday.
Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Logitech International presently has an average rating of “Hold” and a consensus price target of $97.71.
Logitech International Stock Down 1.6 % Shares of NASDAQ:LOGI opened at $68.17 on Tuesday.
Logitech International S.A. has a 12-month low of $65.
35 and a 12-month high of $105.65. The company’s 50 day moving average price is $94.
62 and its two-hundred day moving average price is $87.79. The firm has a market cap of $10.
78 billion, a PE ratio of 16.00, a PEG ratio of 2.61 and a beta of 0.
97. Logitech International ( NASDAQ:LOGI – Get Free Report ) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.
42 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.07.
Logitech International had a return on equity of 30.53% and a net margin of 14.38%.
On average, research analysts expect that Logitech International S.A. will post 4.
21 EPS for the current year. Logitech International announced that its board has initiated a stock buyback program on Wednesday, March 5th that permits the company to buyback $600.00 million in outstanding shares.
This buyback authorization permits the technology company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
Insider Activity at Logitech International In other Logitech International news, insider Samantha Harnett sold 300 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $96.60, for a total transaction of $28,980.
00. Following the sale, the insider now directly owns 7,348 shares in the company, valued at $709,816.80.
This represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website .
0.16% of the stock is owned by insiders. Logitech International Company Profile ( Free Report ) Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide.
The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers. Recommended Stories Want to see what other hedge funds are holding LOGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Logitech International S.
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