Logitech International S.A. $LOGI Holdings Lifted by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. boosted its Q4 position in Logitech by 1.1%, buying 75,256 shares and ending the quarter with 6,682,756 shares worth about $678.42 million.
• Wall Street's consensus rating is a "Hold" with a $106.29 target price; analyst coverage shows 2 Buys, 7 Holds and 1 Sell, and several firms recently cut price targets.
• Logitech shares opened at $99.49, with a market cap of $14.58 billion, a P/E of 20.81, and a 52-week range of $76.52 to $123.01.

Vanguard Group Inc. boosted its position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,682,756 shares of the technology company's stock after buying an additional 75,256 shares during the quarter. Vanguard Group Inc.'s holdings in Logitech International were worth $678,420,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Fifth Third Bancorp boosted its stake in Logitech International by 16.6% during the third quarter. Fifth Third Bancorp now owns 751 shares of the technology company's stock valued at $82,000 after buying an additional 107 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Logitech International by 6.0% during the third quarter. EverSource Wealth Advisors LLC now owns 1,886 shares of the technology company's stock valued at $207,000 after purchasing an additional 107 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in shares of Logitech International by 0.7% during the third quarter. Pathstone Holdings LLC now owns 16,521 shares of the technology company's stock valued at $1,812,000 after purchasing an additional 120 shares during the last quarter. Frank Rimerman Advisors LLC lifted its holdings in shares of Logitech International by 1.1% during the third quarter. Frank Rimerman Advisors LLC now owns 11,389 shares of the technology company's stock valued at $1,249,000 after purchasing an additional 122 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Logitech International by 2.0% during the fourth quarter. Signaturefd LLC now owns 6,167 shares of the technology company's stock valued at $618,000 after purchasing an additional 122 shares during the last quarter. Institutional investors own 45.76% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Morgan Stanley reaffirmed an "underweight" rating and set a $89.00 target price (down from $107.00) on shares of Logitech International in a report on Tuesday, January 20th. Barclays reaffirmed an "equal weight" rating and set a $98.00 target price (down from $134.00) on shares of Logitech International in a report on Friday, January 16th. Weiss Ratings downgraded Logitech International from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, April 6th. Wedbush reaffirmed an "outperform" rating and set a $135.00 target price on shares of Logitech International in a report on Tuesday, January 20th. Finally, Wall Street Zen downgraded Logitech International from a "buy" rating to a "hold" rating in a report on Sunday, April 26th. Two 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. According to data from MarketBeat.com, Logitech International has a consensus rating of "Hold" and a consensus target price of $106.29.

Logitech International Stock Performance

Shares of Logitech International stock opened at $99.49 on Monday. The stock has a 50-day moving average price of $93.26 and a 200 day moving average price of $100.85. The company has a market cap of $14.58 billion, a P/E ratio of 20.81, a P/E/G ratio of 3.53 and a beta of 1.07. Logitech International S.A. has a 1 year low of $76.52 and a 1 year high of $123.01.

Logitech International Company Profile

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.

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