Logitech International S.A. $LOGI Holdings Lifted by Andra AP fonden

Andra AP fonden boosted its holdings in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 801.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,111 shares of the technology company's stock after buying an additional 57,001 shares during the period. Andra AP fonden's holdings in Logitech International were worth $6,029,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its stake in Logitech International by 2,227.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,045,742 shares of the technology company's stock valued at $98,189,000 after acquiring an additional 1,000,805 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Logitech International by 43.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,991,627 shares of the technology company's stock worth $304,151,000 after buying an additional 906,807 shares in the last quarter. Norges Bank purchased a new stake in Logitech International in the 4th quarter worth approximately $89,248,000. Allianz Asset Management GmbH boosted its stake in shares of Logitech International by 57.4% during the 4th quarter. Allianz Asset Management GmbH now owns 1,556,342 shares of the technology company's stock valued at $160,175,000 after buying an additional 567,810 shares during the period. Finally, Amundi boosted its stake in shares of Logitech International by 51.2% during the 1st quarter. Amundi now owns 1,665,096 shares of the technology company's stock valued at $151,724,000 after buying an additional 563,564 shares during the period. 45.76% of the stock is owned by hedge funds and other institutional investors.

Logitech International Price Performance

Shares of LOGI opened at $104.65 on Thursday. The company has a market capitalization of $15.34 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 3.90 and a beta of 1.18. Logitech International S.A. has a one year low of $83.32 and a one year high of $129.66. The company's fifty day moving average price is $102.02 and its 200 day moving average price is $101.27.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The technology company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.59. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.20 billion. Logitech International had a return on equity of 37.30% and a net margin of 16.28%.The firm's revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 EPS. Analysts anticipate that Logitech International S.A. will post 5.18 earnings per share for the current year.

Insider Transactions at Logitech International

In related news, insider Samantha Harnett sold 16,265 shares of the company's stock in a transaction on Friday, September 11th. The shares were sold at an average price of $101.35, for a total transaction of $1,648,457.75. Following the completion of the transaction, the insider directly owned 37,097 shares in the company, valued at $3,759,780.95. This represents a 30.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.15% of the company's stock.

Analyst Upgrades and Downgrades

LOGI has been the subject of several recent research reports. Barclays cut their price objective on Logitech International from $105.00 to $101.00 and set an "equal weight" rating for the company in a report on Wednesday, July 29th. Bank of America lowered Logitech International from a "neutral" rating to an "underperform" rating and set a $86.00 target price on the stock. in a research report on Tuesday, June 30th. Wall Street Zen raised Logitech International from a "hold" rating to a "buy" rating in a research note on Sunday. JPMorgan Chase & Co. reduced their price target on Logitech International from $120.00 to $102.00 and set a "neutral" rating for the company in a report on Thursday, August 20th. Finally, Morgan Stanley lowered their price target on Logitech International from $89.00 to $88.00 and set an "underweight" rating for the company in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $105.29.

About Logitech International

Logitech International is a technology company that designs and develops hardware and software for connecting people to digital devices and platforms. Its products are used by consumers, businesses, educators, content creators and gamers, with offerings spanning personal computing, communication, collaboration and entertainment.

The company's portfolio includes mice, keyboards, webcams, headsets, speakers, docking stations and other computer accessories. Logitech also provides video-conferencing systems and related collaboration products for meeting rooms and workplaces, as well as gaming peripherals, streaming equipment and accessories sold under brands such as Logitech G and ASTRO.

Founded in 1981 in Apples, Switzerland, Logitech serves customers internationally through retail, e-commerce and business-to-business channels.

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