AustralianSuper Pty Ltd Makes New $13.58 Million Investment in Logitech International S.A. $LOGI

AustralianSuper Pty Ltd acquired a new position in shares of Logitech International S.A. (NASDAQ:LOGI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 132,193 shares of the technology company’s stock, valued at approximately $13,583,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Fifth Third Bancorp raised its stake in Logitech International by 16.6% in the 3rd quarter. Fifth Third Bancorp now owns 751 shares of the technology company’s stock worth $82,000 after purchasing an additional 107 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Logitech International by 6.0% in the third quarter. EverSource Wealth Advisors LLC now owns 1,886 shares of the technology company’s stock valued at $207,000 after buying an additional 107 shares during the period. Pathstone Holdings LLC boosted its stake in shares of Logitech International by 0.7% in the third quarter. Pathstone Holdings LLC now owns 16,521 shares of the technology company’s stock valued at $1,812,000 after buying an additional 120 shares during the period. Frank Rimerman Advisors LLC boosted its stake in shares of Logitech International by 1.1% in the third quarter. Frank Rimerman Advisors LLC now owns 11,389 shares of the technology company’s stock valued at $1,249,000 after buying an additional 122 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Logitech International by 2.0% in the fourth quarter. Signaturefd LLC now owns 6,167 shares of the technology company’s stock valued at $618,000 after buying an additional 122 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Price Performance

Shares of LOGI opened at $102.99 on Friday. Logitech International S.A. has a one year low of $81.98 and a one year high of $123.01. The company has a market cap of $15.10 billion, a P/E ratio of 21.46, a P/E/G ratio of 2.57 and a beta of 1.07. The firm has a 50 day simple moving average of $95.65 and a two-hundred day simple moving average of $100.57.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. Logitech International had a return on equity of 34.12% and a net margin of 14.69%.The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the company earned $0.93 EPS. Logitech International’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts expect that Logitech International S.A. will post 5.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LOGI shares. Wall Street Zen cut Logitech International from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Barclays increased their target price on Logitech International from $98.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Citigroup increased their target price on Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Weiss Ratings lowered Logitech International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Finally, UBS Group lowered Logitech International from a “buy” rating to a “neutral” rating in a report on Tuesday, March 17th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $113.67.

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.