J. Safra Sarasin Holding AG Acquires 6,849 Shares of Logitech International S.A. $LOGI

J. Safra Sarasin Holding AG grew its holdings in shares of Logitech International S.A. (NASDAQ:LOGI) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 542,396 shares of the technology company’s stock after purchasing an additional 6,849 shares during the period. J. Safra Sarasin Holding AG’s holdings in Logitech International were worth $55,826,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Logitech International in the third quarter valued at approximately $30,000. Mather Group LLC. bought a new position in Logitech International during the 3rd quarter worth $34,000. Westside Investment Management Inc. increased its stake in Logitech International by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 326 shares of the technology company’s stock worth $36,000 after acquiring an additional 163 shares during the period. Richardson Financial Services Inc. raised its holdings in Logitech International by 63.7% in the 3rd quarter. Richardson Financial Services Inc. now owns 329 shares of the technology company’s stock valued at $36,000 after acquiring an additional 128 shares in the last quarter. Finally, Westerkirk Capital Inc. acquired a new position in Logitech International in the 2nd quarter valued at $36,000. 45.76% of the stock is owned by institutional investors.

Logitech International Stock Performance

Shares of LOGI opened at $90.01 on Tuesday. Logitech International S.A. has a 52-week low of $64.73 and a 52-week high of $123.01. The firm has a market cap of $13.19 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 3.30 and a beta of 1.09. The business’s fifty day moving average is $90.91 and its 200-day moving average is $103.21.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Tuesday, January 27th. The technology company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.15. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. Logitech International had a return on equity of 33.57% and a net margin of 14.94%.Logitech International’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.59 EPS. As a group, research analysts forecast that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Logitech International in a report on Thursday, January 22nd. Morgan Stanley reaffirmed an “underweight” rating and issued a $89.00 price target (down from $107.00) on shares of Logitech International in a research note on Tuesday, January 20th. BNP Paribas Exane cut shares of Logitech International from an “outperform” rating to a “neutral” rating and set a $106.00 price objective for the company. in a research report on Thursday, January 8th. Barclays reiterated an “equal weight” rating and set a $98.00 price objective (down from $134.00) on shares of Logitech International in a research note on Friday, January 16th. Finally, Wall Street Zen cut shares of Logitech International from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Three analysts have rated the stock with a Buy rating, seven 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 has an average rating of “Hold” and an average price target of $102.13.

Logitech International 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.