15,333 Shares in Logitech International S.A. $LOGI Acquired by Sienna Gestion

Sienna Gestion purchased a new position in Logitech International S.A. (NASDAQ:LOGI) during the fourth quarter, HoldingsChannel reports. The fund purchased 15,333 shares of the technology company’s stock, valued at approximately $1,573,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP acquired a new stake in shares of Logitech International in the 3rd quarter worth approximately $30,000. CIBC Private Wealth Group LLC grew its holdings in shares of Logitech International by 61.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 455 shares of the technology company’s stock worth $46,000 after acquiring an additional 173 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Logitech International by 40.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock worth $52,000 after acquiring an additional 165 shares during the period. Richardson Financial Services Inc. grew its holdings in shares of Logitech International by 101.5% in the 4th quarter. Richardson Financial Services Inc. now owns 663 shares of the technology company’s stock worth $66,000 after acquiring an additional 334 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Logitech International by 911.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 678 shares of the technology company’s stock worth $68,000 after acquiring an additional 611 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Stock Performance

LOGI stock opened at $110.90 on Tuesday. Logitech International S.A. has a 1 year low of $83.32 and a 1 year high of $129.66. The stock’s 50 day moving average price is $104.55 and its 200 day moving average price is $99.96. The firm has a market cap of $16.26 billion, a P/E ratio of 23.10, a PEG ratio of 2.82 and a beta of 1.13.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Tuesday, May 5th. The technology company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Logitech International had a return on equity of 34.09% and a net margin of 14.69%.The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the company earned $0.93 EPS. Logitech International’s revenue was up 7.4% on a year-over-year basis. On average, research analysts predict that Logitech International S.A. will post 5.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Citigroup upped their price target on Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Wall Street Zen cut Logitech International from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Weiss Ratings upgraded Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 22nd. Wedbush reaffirmed an “outperform” rating and issued a $135.00 target price on shares of Logitech International in a research note on Wednesday, May 6th. Finally, UBS Group lowered Logitech International from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 17th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $113.67.

About Logitech International

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.