7,100 Shares in Logitech International S.A. (LOGI) Purchased by Harbour Capital Advisors LLC
Harbour Capital Advisors LLC purchased a new stake in shares of Logitech International S.A. (NASDAQ:LOGI) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,100 shares of the technology company’s stock, valued at approximately $259,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in LOGI. Vanguard Group Inc. boosted its holdings in shares of Logitech International by 3.2% in the first quarter. Vanguard Group Inc. now owns 3,453,378 shares of the technology company’s stock worth $110,060,000 after buying an additional 105,826 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Logitech International by 17.5% in the first quarter. Geode Capital Management LLC now owns 86,159 shares of the technology company’s stock worth $2,745,000 after buying an additional 12,802 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Logitech International by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 321,567 shares of the technology company’s stock worth $10,248,000 after buying an additional 13,004 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Logitech International by 387.0% in the first quarter. Morgan Stanley now owns 59,161 shares of the technology company’s stock worth $1,886,000 after buying an additional 47,014 shares during the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Logitech International by 3.8% in the second quarter. Bank of Montreal Can now owns 13,853 shares of the technology company’s stock worth $508,000 after buying an additional 505 shares during the last quarter. 38.68% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $44.60.
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Logitech International S.A. (NASDAQ:LOGI) traded up $0.45 on Wednesday, hitting $36.39. 454,400 shares of the company were exchanged, compared to its average volume of 441,012. The stock has a market capitalization of $5,812.29, a P/E ratio of 27.65 and a beta of 0.42. Logitech International S.A. has a one year low of $23.59 and a one year high of $40.82.
Logitech International (NASDAQ:LOGI) last released its earnings results on Monday, October 23rd. The technology company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.11. Logitech International had a net margin of 9.32% and a return on equity of 24.58%. The company had revenue of $634.21 million for the quarter, compared to analysts’ expectations of $630.23 million. During the same quarter last year, the business earned $0.35 EPS. analysts forecast that Logitech International S.A. will post 1.24 EPS for the current fiscal year.
About Logitech International
Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.
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