Quantinno Capital Management LP Purchases 7,545 Shares of Logitech International S.A. $LOGI

Quantinno Capital Management LP boosted its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 7.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,549 shares of the technology company’s stock after acquiring an additional 7,545 shares during the period. Quantinno Capital Management LP owned 0.07% of Logitech International worth $9,435,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its stake in Logitech International by 305.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,084,820 shares of the technology company’s stock worth $227,859,000 after buying an additional 1,570,876 shares during the last quarter. Morgan Stanley increased its holdings in Logitech International by 152.5% in the 4th quarter. Morgan Stanley now owns 2,190,070 shares of the technology company’s stock worth $219,489,000 after buying an additional 1,322,582 shares during the period. Credit Agricole S A purchased a new position in Logitech International during the 3rd quarter worth approximately $104,402,000. Norges Bank acquired a new stake in Logitech International during the 4th quarter valued at approximately $89,248,000. Finally, Marshall Wace LLP lifted its stake in Logitech International by 131.2% during the 4th quarter. Marshall Wace LLP now owns 1,273,720 shares of the technology company’s stock valued at $129,125,000 after acquiring an additional 722,887 shares during the period. 45.76% of the stock is owned by hedge funds and other institutional investors.

Logitech International Price Performance

Shares of NASDAQ LOGI opened at $108.95 on Wednesday. The stock has a market capitalization of $15.97 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 3.86 and a beta of 1.17. The firm’s 50 day simple moving average is $105.86 and its 200-day simple moving average is $98.69. Logitech International S.A. has a 12 month low of $83.32 and a 12 month high of $129.66.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Tuesday, July 28th. The technology company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.59. Logitech International had a net margin of 16.28% and a return on equity of 37.30%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the business posted $1.26 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. Analysts anticipate that Logitech International S.A. will post 5.21 earnings per share for the current fiscal year.

Logitech International Cuts Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 22nd will be issued a $1.36 dividend. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a yield of 126.0%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LOGI. Wedbush cut their price objective on shares of Logitech International from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. Morgan Stanley decreased their target price on shares of Logitech International from $89.00 to $88.00 and set an “underweight” rating for the company in a research report on Wednesday, July 8th. JPMorgan Chase & Co. lowered their price target on shares of Logitech International from $123.00 to $120.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Citigroup increased their price target on Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings upgraded Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 22nd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $107.86.

Logitech International Company 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.