Blue Trust Inc. Acquires 2,034 Shares of Logitech International S.A. (NASDAQ:LOGI)

Blue Trust Inc. raised its holdings in shares of Logitech International S.A. (NASDAQ:LOGI) by 34.9% in the fourth quarter, HoldingsChannel reports. The firm owned 7,867 shares of the technology company’s stock after buying an additional 2,034 shares during the quarter. Blue Trust Inc.’s holdings in Logitech International were worth $706,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of LOGI. Barclays PLC raised its holdings in Logitech International by 64.2% in the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock worth $451,426,000 after purchasing an additional 1,967,133 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Logitech International by 2,315.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock worth $119,673,000 after buying an additional 1,385,493 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Logitech International in the third quarter worth about $15,891,000. Janney Montgomery Scott LLC boosted its position in Logitech International by 4,876.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock valued at $13,798,000 after acquiring an additional 164,185 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of Logitech International during the 3rd quarter worth approximately $12,597,000. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International Stock Up 4.2 %

NASDAQ:LOGI opened at $96.85 on Thursday. The stock has a market cap of $15.32 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.74 and a beta of 0.77. The company’s 50 day moving average price is $84.79 and its 200-day moving average price is $85.70. Logitech International S.A. has a 52 week low of $74.72 and a 52 week high of $102.59.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.07. Logitech International had a return on equity of 30.68% and a net margin of 15.65%. As a group, sell-side analysts anticipate that Logitech International S.A. will post 4.12 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on LOGI shares. StockNews.com upgraded Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley raised Logitech International from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $73.00 to $92.00 in a research report on Thursday, January 23rd. Bank of America downgraded shares of Logitech International from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $114.00 to $92.00 in a research report on Monday, December 16th. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Finally, Citigroup upped their price objective on shares of Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Logitech International has an average rating of “Hold” and an average target price of $97.13.

About Logitech International

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.