Bank Julius Baer & Co. Ltd Zurich Raises Stock Holdings in Logitech International S.A. $LOGI

Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Logitech International S.A. (NASDAQ:LOGI) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 724,316 shares of the technology company’s stock after acquiring an additional 7,570 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Logitech International were worth $73,003,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LOGI. Fifth Third Bancorp increased its position in shares of Logitech International by 16.6% during the 3rd quarter. Fifth Third Bancorp now owns 751 shares of the technology company’s stock valued at $82,000 after purchasing an additional 107 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Logitech International by 6.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,886 shares of the technology company’s stock worth $207,000 after buying an additional 107 shares during the last quarter. Pathstone Holdings LLC grew its position in Logitech International by 0.7% during the third quarter. Pathstone Holdings LLC now owns 16,521 shares of the technology company’s stock valued at $1,812,000 after buying an additional 120 shares during the period. Frank Rimerman Advisors LLC grew its position in Logitech International by 1.1% during the third quarter. Frank Rimerman Advisors LLC now owns 11,389 shares of the technology company’s stock valued at $1,249,000 after buying an additional 122 shares during the period. Finally, Signaturefd LLC increased its holdings in Logitech International by 2.0% during the fourth quarter. Signaturefd LLC now owns 6,167 shares of the technology company’s stock worth $618,000 after buying an additional 122 shares during the last quarter. Institutional investors own 45.76% of the company’s stock.

Logitech International Trading Up 0.4%

Logitech International stock opened at $103.99 on Thursday. The firm has a 50 day simple moving average of $95.24 and a 200 day simple moving average of $100.62. Logitech International S.A. has a 1-year low of $81.98 and a 1-year high of $123.01. The firm has a market capitalization of $15.24 billion, a price-to-earnings ratio of 21.66, a P/E/G ratio of 2.62 and a beta of 1.07.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Tuesday, May 5th. The technology company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. Logitech International had a return on equity of 34.12% and a net margin of 14.69%.The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 earnings per share. On average, equities research analysts forecast that Logitech International S.A. will post 5.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LOGI. Wedbush reiterated an “outperform” rating and issued a $135.00 target price on shares of Logitech International in a research note on Wednesday, May 6th. UBS Group lowered shares of Logitech International from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 17th. Weiss Ratings cut shares of Logitech International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Barclays increased their price objective on Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Citigroup raised their target price on Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Logitech International has a consensus rating of “Hold” and an average target price of $113.67.

About Logitech International

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.