Logitech International S.A. $LOGI Position Increased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR grew its position in Logitech International S.A. (NASDAQ:LOGI) by 17.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 45,715 shares of the technology company’s stock after purchasing an additional 6,863 shares during the period. Generali Asset Management SPA SGR’s holdings in Logitech International were worth $4,582,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Logitech International by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 6,682,756 shares of the technology company’s stock worth $678,420,000 after purchasing an additional 75,256 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Logitech International by 2.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,802,403 shares of the technology company’s stock valued at $288,430,000 after purchasing an additional 74,702 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Logitech International by 7.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,727,701 shares of the technology company’s stock worth $297,504,000 after buying an additional 191,828 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Logitech International by 305.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,084,820 shares of the technology company’s stock worth $227,859,000 after buying an additional 1,570,876 shares during the period. Finally, Legal & General Group Plc grew its holdings in shares of Logitech International by 8.0% during the third quarter. Legal & General Group Plc now owns 1,327,129 shares of the technology company’s stock valued at $144,749,000 after buying an additional 98,589 shares in the last quarter. 45.76% of the stock is owned by hedge funds and other institutional investors.

More Logitech International News

Here are the key news stories impacting Logitech International this week:

• Positive Sentiment: Logitech completed its $1.6 billion share buyback and launched a new three-year $1.4 billion repurchase program, reinforcing management’s capital-return strategy and supporting the stock. Logitech Completes $1.6 Billion Share Buyback and Launches New $1.4 Billion Program
• Positive Sentiment: The CEO said Logitech will increase spending on R&D and marketing to push growth in AI, gaming, and business users, signaling confidence in future demand. Logitech CEO plans to boost spending on R&D and marketing
• Positive Sentiment: Citigroup raised its price target on Logitech and kept a Buy rating, suggesting more upside from current levels. Logitech International price target raised by Citigroup
• Positive Sentiment: Wedbush initiated or reiterated an Outperform view, adding to the positive analyst tone around the stock. Logitech International Given Outperform Rating at Wedbush
• Neutral Sentiment: Logitech also launched new Rugged Combo 4c keyboard cases for iPad, a product update that supports its education lineup but is unlikely to be a major near-term stock driver. New Logitech Rugged Combo 4c Keyboard Cases
• Neutral Sentiment: Some analysts trimmed or only modestly adjusted earnings estimates, indicating expectations are still stable rather than sharply improving. Logitech earnings estimate updates
• Negative Sentiment: Barclays lifted its target but kept an Equal Weight rating and implied limited downside/upside balance, which may temper enthusiasm at higher share prices. Logitech International price target raised by Barclays
• Negative Sentiment: Management’s plan to boost spending could pressure margins if demand softens during a global slowdown, creating some risk around profitability. Logitech CEO plans to boost spending on R&D and marketing

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LOGI shares. Wall Street Zen lowered Logitech International from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Citigroup lifted their target price on Logitech International from $115.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday. Barclays upped their target price on Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday. Morgan Stanley reissued an “underweight” rating and issued a $89.00 price target (down from $107.00) on shares of Logitech International in a research report on Tuesday, January 20th. Finally, Weiss Ratings cut shares of Logitech International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 6th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $113.67.

Logitech International Trading Up 6.0%

Shares of NASDAQ:LOGI opened at $109.39 on Friday. Logitech International S.A. has a 1 year low of $80.08 and a 1 year high of $123.01. The business has a fifty day simple moving average of $94.08 and a 200 day simple moving average of $100.75. The firm has a market cap of $16.04 billion, a price-to-earnings ratio of 22.79, a P/E/G ratio of 2.61 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, beating analysts’ consensus estimates of $1.10 by $0.03. Logitech International had a return on equity of 34.12% and a net margin of 14.69%.The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts forecast that Logitech International S.A. will post 5.18 EPS for the current year.

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.