Mackenzie Financial Corp Has $3.02 Million Stake in Logitech International S.A. (NASDAQ:LOGI)

Mackenzie Financial Corp raised its stake in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 40.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,618 shares of the technology company's stock after buying an additional 10,474 shares during the period. Mackenzie Financial Corp's holdings in Logitech International were worth $3,015,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Barclays PLC lifted its stake in Logitech International by 8.2% during the fourth quarter. Barclays PLC now owns 5,445,157 shares of the technology company's stock valued at $448,409,000 after buying an additional 414,236 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Logitech International by 34.2% during the fourth quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company's stock valued at $402,802,000 after acquiring an additional 1,240,478 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Logitech International by 2.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,148,266 shares of the technology company's stock valued at $341,610,000 after acquiring an additional 85,278 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Logitech International by 6.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,598,068 shares of the technology company's stock valued at $215,127,000 after acquiring an additional 146,338 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in Logitech International by 13.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,273,518 shares of the technology company's stock worth $188,254,000 after purchasing an additional 266,167 shares during the period. Institutional investors and hedge funds own 45.76% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. UBS Group raised shares of Logitech International from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. Wall Street Zen lowered Logitech International from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Wedbush restated an "outperform" rating and set a $100.00 price objective on shares of Logitech International in a research report on Wednesday, May 21st. Bank of America raised Logitech International from an "underperform" rating to a "neutral" rating and lowered their target price for the company from $90.00 to $73.00 in a research note on Friday, April 4th. Finally, JPMorgan Chase & Co. dropped their target price on Logitech International from $96.00 to $80.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $84.29.

Logitech International Trading Up 1.1%

NASDAQ LOGI traded up $0.88 on Tuesday, reaching $83.30. The stock had a trading volume of 546,519 shares, compared to its average volume of 629,484. Logitech International S.A. has a 1 year low of $64.73 and a 1 year high of $105.65. The business has a 50 day moving average price of $78.77 and a 200 day moving average price of $86.13. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of 19.55, a P/E/G ratio of 2.61 and a beta of 0.99.

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

Logitech International declared that its Board of Directors has approved a stock buyback program on Wednesday, March 5th that allows the company to buyback $600.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership 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.