Compagnie Lombard Odier SCmA Decreases Holdings in Logitech International S.A. (NASDAQ:LOGI)

Compagnie Lombard Odier SCmA lowered its position in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 26.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,233 shares of the technology company's stock after selling 18,705 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Logitech International were worth $4,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Transatlantique SA acquired a new position in shares of Logitech International in the fourth quarter valued at approximately $26,000. Sierra Ocean LLC acquired a new position in shares of Logitech International in the fourth quarter valued at approximately $27,000. Bessemer Group Inc. increased its stake in shares of Logitech International by 1,339.1% in the fourth quarter. Bessemer Group Inc. now owns 331 shares of the technology company's stock valued at $27,000 after buying an additional 308 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Logitech International by 975.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company's stock valued at $40,000 after buying an additional 439 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Logitech International in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 45.76% of the company's stock.

Analyst Ratings Changes

LOGI has been the subject of several recent research reports. Bank of America raised Logitech International from an "underperform" rating to a "neutral" rating and lowered their price objective for the company from $90.00 to $73.00 in a research note on Friday, April 4th. Barclays reduced their target price on Logitech International from $108.00 to $92.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Wedbush reiterated an "outperform" rating and issued a $100.00 target price on shares of Logitech International in a report on Wednesday, May 21st. Loop Capital reduced their target price on Logitech International from $97.00 to $78.00 and set a "hold" rating on the stock in a report on Tuesday, May 6th. Finally, Citigroup reduced their target price on Logitech International from $105.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $84.29.

Logitech International Stock Performance

Shares of Logitech International stock traded down $2.45 on Friday, reaching $85.00. 530,207 shares of the company's stock were exchanged, compared to its average volume of 635,065. The company has a market capitalization of $13.44 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 2.61 and a beta of 0.96. Logitech International S.A. has a 52 week low of $64.73 and a 52 week high of $105.65. The firm's 50-day moving average is $80.17 and its two-hundred day moving average is $86.54.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The technology company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.07. The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1.03 billion. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. The company's revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 EPS. On average, analysts expect that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Logitech International announced that its board has approved a share repurchase plan on Wednesday, March 5th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the technology company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

Logitech International Profile

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.