J. Safra Sarasin Holding AG Has $55.83 Million Stock Holdings in Logitech International S.A. $LOGI

J. Safra Sarasin Holding AG boosted its stake in Logitech International S.A. (NASDAQ:LOGI) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 542,396 shares of the technology company’s stock after purchasing an additional 6,849 shares during the period. J. Safra Sarasin Holding AG’s holdings in Logitech International were worth $55,826,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LOGI. Arrowstreet Capital Limited Partnership increased its holdings in shares of Logitech International by 305.7% during 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 in the last quarter. Credit Agricole S A acquired a new stake in shares of Logitech International during the 3rd quarter valued at $104,402,000. Assenagon Asset Management S.A. boosted its holdings in shares of Logitech International by 1,784.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 689,908 shares of the technology company’s stock valued at $71,004,000 after acquiring an additional 653,296 shares in the last quarter. Marshall Wace LLP grew its position in Logitech International by 585.5% during the 3rd quarter. Marshall Wace LLP now owns 550,833 shares of the technology company’s stock worth $60,330,000 after acquiring an additional 470,476 shares during the last quarter. Finally, Norges Bank acquired a new position in Logitech International in the 2nd quarter worth about $42,240,000. Institutional investors own 45.76% of the company’s stock.

Logitech International Stock Performance

Shares of LOGI stock opened at $90.01 on Tuesday. Logitech International S.A. has a fifty-two week low of $64.73 and a fifty-two week high of $123.01. The stock has a 50 day simple moving average of $90.91 and a two-hundred day simple moving average of $103.21. The company has a market cap of $13.19 billion, a P/E ratio of 18.83, a PEG ratio of 3.30 and a beta of 1.09.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Tuesday, January 27th. The technology company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Logitech International had a return on equity of 33.57% and a net margin of 14.94%.The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 EPS. On average, research analysts predict that Logitech International S.A. will post 4.21 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on LOGI. Barclays reiterated an “equal weight” rating and issued a $98.00 target price (down from $134.00) on shares of Logitech International in a research report on Friday, January 16th. Wall Street Zen downgraded Logitech International from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. BNP Paribas Exane lowered shares of Logitech International from an “outperform” rating to a “neutral” rating and set a $106.00 price objective for the company. in a report on Thursday, January 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Logitech International in a research report on Thursday, January 22nd. Finally, Morgan Stanley reissued an “underweight” rating and set a $89.00 target price (down from $107.00) on shares of Logitech International in a report on Tuesday, January 20th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $102.13.

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.