Logitech International S.A. $LOGI Stock Position Boosted by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR raised its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 17.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,715 shares of the technology company’s stock after buying an additional 6,863 shares during the period. Generali Asset Management SPA SGR’s holdings in Logitech International were worth $4,582,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Logitech International by 305.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,084,820 shares of the technology company’s stock valued at $227,859,000 after acquiring an additional 1,570,876 shares in the last quarter. Credit Agricole S A bought a new stake in Logitech International during the third quarter worth approximately $104,402,000. Assenagon Asset Management S.A. raised its holdings in Logitech International by 1,784.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 689,908 shares of the technology company’s stock worth $71,004,000 after purchasing an additional 653,296 shares in the last quarter. Marshall Wace LLP lifted its position in Logitech International by 585.5% in the third quarter. Marshall Wace LLP now owns 550,833 shares of the technology company’s stock worth $60,330,000 after purchasing an additional 470,476 shares during the period. Finally, Munich Reinsurance Co Stock Corp in Munich acquired a new stake in Logitech International in the third quarter worth approximately $31,725,000. 45.76% of the stock is currently owned by institutional investors.

More Logitech International News

Here are the key news stories impacting Logitech International this week:

• Positive Sentiment: Logitech completed its $1.6 billion share buyback and launched a new three-year $1.4 billion repurchase program, reinforcing management’s capital-return strategy and supporting the stock. Logitech Completes $1.6 Billion Share Buyback and Launches New $1.4 Billion Program
• Positive Sentiment: The CEO said Logitech will increase spending on R&D and marketing to push growth in AI, gaming, and business users, signaling confidence in future demand. Logitech CEO plans to boost spending on R&D and marketing
• Positive Sentiment: Citigroup raised its price target on Logitech and kept a Buy rating, suggesting more upside from current levels. Logitech International price target raised by Citigroup
• Positive Sentiment: Wedbush initiated or reiterated an Outperform view, adding to the positive analyst tone around the stock. Logitech International Given Outperform Rating at Wedbush
• Neutral Sentiment: Logitech also launched new Rugged Combo 4c keyboard cases for iPad, a product update that supports its education lineup but is unlikely to be a major near-term stock driver. New Logitech Rugged Combo 4c Keyboard Cases
• Neutral Sentiment: Some analysts trimmed or only modestly adjusted earnings estimates, indicating expectations are still stable rather than sharply improving. Logitech earnings estimate updates
• Negative Sentiment: Barclays lifted its target but kept an Equal Weight rating and implied limited downside/upside balance, which may temper enthusiasm at higher share prices. Logitech International price target raised by Barclays
• Negative Sentiment: Management’s plan to boost spending could pressure margins if demand softens during a global slowdown, creating some risk around profitability. Logitech CEO plans to boost spending on R&D and marketing

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LOGI shares. Wall Street Zen cut Logitech International from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Morgan Stanley restated an “underweight” rating and issued a $89.00 price objective (down from $107.00) on shares of Logitech International in a report on Tuesday, January 20th. Weiss Ratings cut Logitech International from a “buy (b-)” rating to a “hold (c+)” rating in a research note 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 Wednesday. Finally, Citigroup boosted their price target on shares of Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $113.67.

Logitech International Stock Performance

Logitech International stock opened at $109.39 on Friday. The firm has a market cap of $16.04 billion, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 2.61 and a beta of 1.07. Logitech International S.A. has a 1 year low of $80.08 and a 1 year high of $123.01. The firm’s 50 day moving average price is $94.08 and its two-hundred day moving average price is $100.75.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Logitech International had a return on equity of 34.12% and a net margin of 14.69%.The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 EPS. As a group, equities analysts predict that Logitech International S.A. will post 5.18 EPS for the current fiscal year.

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.