Modera Wealth Management LLC Decreases Stock Position in Logitech International S.A. (NASDAQ:LOGI)

Modera Wealth Management LLC trimmed its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 71.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,212 shares of the technology company’s stock after selling 88,955 shares during the quarter. Modera Wealth Management LLC’s holdings in Logitech International were worth $3,508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Claro Advisors LLC lifted its holdings in shares of Logitech International by 6.2% in the 1st quarter. Claro Advisors LLC now owns 2,241 shares of the technology company’s stock worth $200,000 after acquiring an additional 131 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in Logitech International by 2.4% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 6,468 shares of the technology company’s stock worth $627,000 after purchasing an additional 153 shares during the period. Naples Global Advisors LLC lifted its stake in Logitech International by 2.2% in the first quarter. Naples Global Advisors LLC now owns 13,256 shares of the technology company’s stock worth $1,185,000 after purchasing an additional 291 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Logitech International by 1.6% during the first quarter. SG Americas Securities LLC now owns 19,056 shares of the technology company’s stock valued at $1,703,000 after buying an additional 297 shares during the period. Finally, Azzad Asset Management Inc. ADV boosted its position in shares of Logitech International by 0.8% during the first quarter. Azzad Asset Management Inc. ADV now owns 37,008 shares of the technology company’s stock valued at $3,307,000 after buying an additional 303 shares during the period. 45.76% of the stock is owned by hedge funds and other institutional investors.

Logitech International Stock Up 0.7 %

Shares of LOGI stock traded up $0.63 on Friday, hitting $91.01. The stock had a trading volume of 285,921 shares, compared to its average volume of 463,835. Logitech International S.A. has a one year low of $65.31 and a one year high of $102.59. The business has a 50 day moving average price of $90.95 and a 200 day moving average price of $90.01. The company has a market cap of $14.39 billion, a PE ratio of 23.52, a P/E/G ratio of 2.57 and a beta of 0.80.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Monday, July 22nd. The technology company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.20. Logitech International had a net margin of 15.67% and a return on equity of 30.51%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.03 billion. Equities research analysts expect that Logitech International S.A. will post 3.93 EPS for the current year.

Wall Street Analysts Forecast Growth

LOGI has been the subject of a number of research analyst reports. Wedbush reissued a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research note on Tuesday, July 16th. StockNews.com downgraded Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 22nd. Loop Capital boosted their target price on shares of Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Finally, Barclays raised their price target on shares of Logitech International from $98.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $93.14.

Logitech International Company 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.