Sienna Gestion Acquires Shares of 15,333 Logitech International S.A. $LOGI

Sienna Gestion acquired a new stake in shares of Logitech International S.A. (NASDAQ:LOGI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,333 shares of the technology company’s stock, valued at approximately $1,573,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Logitech International during the 3rd quarter valued at approximately $30,000. CIBC Private Wealth Group LLC raised its stake in Logitech International by 61.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 455 shares of the technology company’s stock valued at $46,000 after acquiring an additional 173 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Logitech International by 40.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock valued at $52,000 after acquiring an additional 165 shares during the last quarter. Richardson Financial Services Inc. raised its stake in Logitech International by 101.5% during the 4th quarter. Richardson Financial Services Inc. now owns 663 shares of the technology company’s stock valued at $66,000 after acquiring an additional 334 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in Logitech International by 911.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 678 shares of the technology company’s stock valued at $68,000 after acquiring an additional 611 shares during the last quarter. 45.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on LOGI. Weiss Ratings raised Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 22nd. UBS Group downgraded Logitech International from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 17th. Wall Street Zen cut Logitech International from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Barclays increased their target price on Logitech International from $98.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Finally, Citigroup increased their target price on Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $113.67.

Logitech International Trading Up 0.1%

Shares of LOGI stock opened at $110.90 on Tuesday. The company has a market cap of $16.26 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 2.82 and a beta of 1.13. The stock has a 50 day simple moving average of $104.55 and a 200-day simple moving average of $99.96. 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 issued its earnings results on Tuesday, May 5th. The technology company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. Logitech International had a return on equity of 34.09% and a net margin of 14.69%.The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 EPS. On average, equities analysts forecast that Logitech International S.A. will post 5.16 earnings per share for the current fiscal year.

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.