Logitech International S.A. (NASDAQ:LOGI) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,148,266 shares of the technology company's stock after purchasing an additional 85,278 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 2.62% of Logitech International worth $341,610,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in Logitech International by 2.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,556 shares of the technology company's stock worth $458,000 after buying an additional 127 shares during the last quarter. Freedom Investment Management Inc. grew its position in shares of Logitech International by 4.1% during the fourth quarter. Freedom Investment Management Inc. now owns 3,444 shares of the technology company's stock worth $284,000 after acquiring an additional 136 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Logitech International by 16.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the technology company's stock valued at $123,000 after acquiring an additional 213 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in Logitech International by 7.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,243 shares of the technology company's stock valued at $267,000 after purchasing an additional 230 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Logitech International by 56.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company's stock valued at $53,000 after purchasing an additional 233 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LOGI shares. Loop Capital lowered their price objective on shares of Logitech International from $97.00 to $78.00 and set a "hold" rating on the stock in a research report on Tuesday, May 6th. JPMorgan Chase & Co. dropped their price target on Logitech International from $96.00 to $80.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Barclays reduced their price objective on Logitech International from $108.00 to $92.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Citigroup lowered their target price on Logitech International from $105.00 to $75.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Kepler Capital Markets upgraded Logitech International from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $84.29.

Logitech International Stock Performance

NASDAQ:LOGI opened at $86.71 on Thursday. The stock has a fifty day moving average price of $79.94 and a two-hundred day moving average price of $85.79. The stock has a market capitalization of $13.71 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 2.61 and a beta of 0.99. Logitech International S.A. has a 1 year low of $64.73 and a 1 year high of $105.65.

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

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

About Logitech International

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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