98,558 Shares in Logitech International S.A. $LOGI Purchased by Leonteq Securities AG

Leonteq Securities AG acquired a new position in Logitech International S.A. (NASDAQ:LOGI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 98,558 shares of the technology company’s stock, valued at approximately $9,877,000. Logitech International comprises about 0.3% of Leonteq Securities AG’s portfolio, making the stock its 29th biggest position. Leonteq Securities AG owned about 0.06% of Logitech International as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LOGI. Quarry LP purchased a new stake in Logitech International in the 3rd quarter worth about $30,000. Westside Investment Management Inc. increased its holdings in Logitech International by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 326 shares of the technology company’s stock worth $36,000 after acquiring an additional 163 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Logitech International by 40.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock worth $52,000 after acquiring an additional 165 shares during the last quarter. Richardson Financial Services Inc. increased its holdings in Logitech International by 101.5% in the 4th quarter. Richardson Financial Services Inc. now owns 663 shares of the technology company’s stock worth $66,000 after acquiring an additional 334 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in Logitech International by 16.6% in the 3rd quarter. Fifth Third Bancorp now owns 751 shares of the technology company’s stock worth $82,000 after acquiring an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International Stock Up 0.1%

Shares of NASDAQ LOGI opened at $103.78 on Thursday. Logitech International S.A. has a 52 week low of $81.98 and a 52 week high of $123.01. The business has a 50-day simple moving average of $96.41 and a two-hundred day simple moving average of $100.21. The company has a market cap of $15.21 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.64 and a beta of 1.07.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Tuesday, May 5th. The technology company reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. Logitech International had a return on equity of 34.12% and a net margin of 14.69%.The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company earned $0.93 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that Logitech International S.A. will post 5.16 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Weiss Ratings lowered Logitech International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Barclays lifted their price objective on Logitech International from $98.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Wall Street Zen lowered Logitech International from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Wedbush reissued an “outperform” rating and issued a $135.00 price objective on shares of Logitech International in a report on Wednesday, May 6th. Finally, Citigroup lifted their price objective on Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Logitech International presently has a consensus rating of “Hold” and a consensus target price of $113.67.

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.