LGT Fund Management Co Ltd. Has $471,000 Stock Position in Logitech International S.A. $LOGI

LGT Fund Management Co Ltd. raised its holdings in Logitech International S.A. (NASDAQ:LOGI) by 66.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,227 shares of the technology company’s stock after acquiring an additional 2,083 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Logitech International were worth $471,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Hennessy Advisors Inc. acquired a new stake in shares of Logitech International during the second quarter worth $919,000. QRG Capital Management Inc. increased its position in shares of Logitech International by 14.3% during the second quarter. QRG Capital Management Inc. now owns 35,070 shares of the technology company’s stock worth $3,161,000 after buying an additional 4,389 shares during the period. Sound Income Strategies LLC acquired a new stake in shares of Logitech International during the second quarter worth $27,000. Ballentine Partners LLC acquired a new stake in shares of Logitech International during the second quarter worth $210,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Logitech International by 91.9% during the second quarter. Assenagon Asset Management S.A. now owns 1,701,985 shares of the technology company’s stock worth $152,757,000 after buying an additional 815,280 shares during the period. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Price Performance

LOGI opened at $112.97 on Friday. The company’s 50-day moving average is $103.43 and its 200 day moving average is $90.90. Logitech International S.A. has a fifty-two week low of $64.73 and a fifty-two week high of $114.12.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Tuesday, July 29th. The technology company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.18. Logitech International had a net margin of 13.78% and a return on equity of 30.81%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the firm earned $1.13 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. Logitech International has set its Q2 2026 guidance at EPS. On average, equities research analysts anticipate that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Insider Buying and Selling at Logitech International

In related news, insider Prakash Arunkundrum sold 9,900 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $105.00, for a total transaction of $1,039,500.00. Following the transaction, the insider directly owned 57,437 shares of the company’s stock, valued at $6,030,885. This trade represents a 14.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LOGI. Barclays increased their price objective on shares of Logitech International from $92.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 30th. Wedbush increased their price objective on shares of Logitech International from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. BNP Paribas Exane upgraded shares of Logitech International from a “neutral” rating to an “outperform” rating and set a $109.00 price objective for the company in a research report on Tuesday, August 5th. BNP Paribas upgraded shares of Logitech International from a “hold” rating to a “strong-buy” rating and raised their price target for the stock from $100.00 to $109.00 in a report on Tuesday, August 5th. Finally, Citigroup raised their price target on shares of Logitech International from $85.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $97.00.

Logitech International Profile

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.