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Banque Pictet & Cie SA Increases Stock Holdings in Logitech International S.A. (NASDAQ:LOGI)

Logitech International logo with Computer and Technology background

Banque Pictet & Cie SA boosted its position in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 441.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,223 shares of the technology company's stock after purchasing an additional 16,486 shares during the quarter. Banque Pictet & Cie SA's holdings in Logitech International were worth $1,690,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Banque Transatlantique SA bought a new position in Logitech International in the fourth quarter worth about $26,000. Bessemer Group Inc. raised its holdings in Logitech International by 1,339.1% in the fourth quarter. Bessemer Group Inc. now owns 331 shares of the technology company's stock worth $27,000 after purchasing an additional 308 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Logitech International by 975.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company's stock worth $40,000 after purchasing an additional 439 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Logitech International in the fourth quarter worth about $49,000. Finally, Raiffeisen Bank International AG bought a new position in Logitech International in the fourth quarter worth about $59,000. 45.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LOGI has been the subject of a number of recent research reports. UBS Group upgraded shares of Logitech International from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Bank of America upgraded Logitech International from an "underperform" rating to a "neutral" rating and dropped their target price for the company from $90.00 to $73.00 in a research report on Friday, April 4th. Wedbush reiterated an "outperform" rating and issued a $100.00 target price on shares of Logitech International in a research report on Wednesday, May 21st. Loop Capital dropped their target price on Logitech International from $97.00 to $78.00 and set a "hold" rating on the stock in a research report on Tuesday, May 6th. Finally, Barclays lowered their price objective on Logitech International from $108.00 to $92.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $87.86.

View Our Latest Stock Analysis on Logitech International

Logitech International Trading Down 0.9%

Logitech International stock traded down $0.81 during mid-day trading on Friday, hitting $94.14. The company had a trading volume of 428,375 shares, compared to its average volume of 640,199. Logitech International S.A. has a 12-month low of $64.73 and a 12-month high of $105.65. The company has a market capitalization of $14.89 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 19.57 and a beta of 0.96. The company's fifty day moving average is $86.54 and its 200-day moving average is $87.44.

Logitech International (NASDAQ:LOGI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.07. Logitech International had a return on equity of 30.40% and a net margin of 13.86%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm posted $0.99 EPS. The business's revenue was down .1% on a year-over-year basis. As a group, sell-side analysts expect that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Logitech International Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Tuesday, September 23rd will be given a dividend of $1.543 per share. This is a positive change from Logitech International's previous annual dividend of $1.37. The ex-dividend date is Tuesday, September 23rd. This represents a dividend yield of 1.4%.

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.

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Institutional Ownership by Quarter for Logitech International (NASDAQ:LOGI)

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