Dimensional Fund Advisors LP lifted its holdings in shares of Logitech International S.A. (NASDAQ:LOGI) by 3.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331,214 shares of the technology company’s stock after purchasing an additional 9,647 shares during the period. Dimensional Fund Advisors LP owned about 0.20% of Logitech International worth $12,142,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC purchased a new position in shares of Logitech International during the 2nd quarter worth approximately $227,000. Fox Run Management L.L.C. purchased a new position in shares of Logitech International during the 2nd quarter worth approximately $246,000. Quantbot Technologies LP purchased a new position in shares of Logitech International during the 2nd quarter worth approximately $254,000. BB&T Securities LLC purchased a new position in shares of Logitech International during the 2nd quarter worth approximately $290,000. Finally, KCG Holdings Inc. increased its stake in shares of Logitech International by 6.3% during the 1st quarter. KCG Holdings Inc. now owns 9,698 shares of the technology company’s stock worth $309,000 after purchasing an additional 579 shares in the last quarter. 37.62% of the stock is owned by institutional investors and hedge funds.
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Several research firms have commented on LOGI. Zacks Investment Research raised shares of Logitech International from a “hold” rating to a “strong-buy” rating and set a $43.00 target price for the company in a research note on Tuesday, September 19th. Loop Capital began coverage on shares of Logitech International in a research note on Monday, July 24th. They issued a “buy” rating and a $48.00 target price for the company. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $44.60.
Shares of Logitech International S.A. (LOGI) opened at $34.68 on Wednesday. The company has a market cap of $5,676.44, a P/E ratio of 27.00 and a beta of 0.42. Logitech International S.A. has a 12 month low of $23.59 and a 12 month high of $40.82.
Logitech International (NASDAQ:LOGI) last released its earnings results on Monday, October 23rd. The technology company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.11. The firm had revenue of $634.21 million during the quarter, compared to analysts’ expectations of $630.23 million. Logitech International had a net margin of 9.32% and a return on equity of 24.58%. During the same period in the previous year, the company earned $0.35 EPS. analysts predict that Logitech International S.A. will post 1.24 EPS for the current year.
Logitech International Profile
Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.
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