Columbus Circle Investors reduced its holdings in Logitech International SA (NASDAQ:LOGI) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 293,660 shares of the technology company’s stock after selling 3,055 shares during the period. Columbus Circle Investors’ holdings in Logitech International were worth $13,132,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Bailard Inc. acquired a new stake in Logitech International in the 2nd quarter valued at $206,000. Fox Run Management L.L.C. acquired a new stake in Logitech International in the 3rd quarter valued at $238,000. Cutler Group LP increased its stake in Logitech International by 143.7% in the 2nd quarter. Cutler Group LP now owns 5,508 shares of the technology company’s stock valued at $241,000 after buying an additional 3,248 shares during the last quarter. Millennium Management LLC acquired a new stake in Logitech International in the 1st quarter valued at $207,000. Finally, Ramsey Quantitative Systems acquired a new stake in Logitech International in the 3rd quarter valued at $379,000. Hedge funds and other institutional investors own 36.65% of the company’s stock.
Several equities research analysts have issued reports on LOGI shares. Zacks Investment Research lowered shares of Logitech International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 4th. DA Davidson lifted their price target on shares of Logitech International to $55.00 and gave the company a “buy” rating in a research note on Monday, July 23rd. Loop Capital lifted their price target on shares of Logitech International to $53.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. They noted that the move was a valuation call. Citigroup lifted their price target on shares of Logitech International from $47.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, ValuEngine lowered shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Thursday, September 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Logitech International currently has a consensus rating of “Hold” and a consensus price target of $49.20.
Logitech International stock opened at $35.97 on Wednesday. The stock has a market cap of $5.78 billion, a PE ratio of 22.86, a PEG ratio of 2.15 and a beta of 0.96. Logitech International SA has a fifty-two week low of $32.66 and a fifty-two week high of $49.96.
Logitech International (NASDAQ:LOGI) last released its quarterly earnings data on Monday, October 22nd. The technology company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.10. The company had revenue of $691.15 million for the quarter, compared to analyst estimates of $695.41 million. Logitech International had a net margin of 8.06% and a return on equity of 25.43%. Research analysts predict that Logitech International SA will post 1.64 earnings per share for the current fiscal year.
Logitech International Profile
Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth and Wi-Fi speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups.
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