Seven Eight Capital LP Has $2.01 Million Position in Logitech International S.A. (NASDAQ:LOGI)

Seven Eight Capital LP increased its stake in shares of Logitech International S.A. (NASDAQ:LOGIFree Report) by 18.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,105 shares of the technology company’s stock after purchasing an additional 3,360 shares during the quarter. Seven Eight Capital LP’s holdings in Logitech International were worth $2,006,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vontobel Holding Ltd. lifted its stake in Logitech International by 2.3% in the fourth quarter. Vontobel Holding Ltd. now owns 5,285,659 shares of the technology company’s stock valued at $501,223,000 after acquiring an additional 121,060 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Logitech International by 36.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,822,286 shares of the technology company’s stock valued at $267,457,000 after acquiring an additional 760,263 shares during the last quarter. Norges Bank acquired a new stake in Logitech International in the fourth quarter valued at approximately $214,130,000. Acadian Asset Management LLC lifted its stake in Logitech International by 317.8% in the third quarter. Acadian Asset Management LLC now owns 546,851 shares of the technology company’s stock valued at $37,817,000 after acquiring an additional 415,950 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Logitech International by 7.4% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 469,494 shares of the technology company’s stock valued at $44,622,000 after acquiring an additional 32,396 shares during the last quarter. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Charles D. Boynton purchased 1,225 shares of the stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $81.27 per share, with a total value of $99,555.75. Following the purchase, the chief financial officer now directly owns 1,225 shares in the company, valued at approximately $99,555.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is currently owned by company insiders.

Logitech International Stock Performance

Logitech International stock traded down $0.96 during trading hours on Friday, reaching $101.14. 244,679 shares of the company’s stock traded hands, compared to its average volume of 443,162. Logitech International S.A. has a fifty-two week low of $53.91 and a fifty-two week high of $102.59. The firm has a market capitalization of $16.00 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 3.15 and a beta of 0.82. The firm’s 50 day moving average is $87.73 and its 200-day moving average is $88.98.

Logitech International (NASDAQ:LOGIGet Free Report) last announced its quarterly earnings results on Monday, April 29th. The technology company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.34. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $956.85 million. Logitech International had a return on equity of 27.46% and a net margin of 14.24%. Analysts predict that Logitech International S.A. will post 3.85 EPS for the current year.

Analyst Ratings Changes

LOGI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered shares of Logitech International from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $92.00 to $85.00 in a research report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Logitech International in a report on Tuesday, April 16th. StockNews.com downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 14th. Citigroup boosted their target price on shares of Logitech International from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $75.00 price target (down previously from $85.00) on shares of Logitech International in a research report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $91.00.

Get Our Latest Analysis on Logitech International

Logitech International Company Profile

(Free Report)

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.

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Institutional Ownership by Quarter for Logitech International (NASDAQ:LOGI)

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