Blue Trust Inc. Purchases 1,385 Shares of Logitech International S.A. (NASDAQ:LOGI)

Blue Trust Inc. boosted its position in Logitech International S.A. (NASDAQ:LOGI) by 2,036.8% during the 2nd quarter, Holdings Channel reports. The fund owned 1,453 shares of the technology company’s stock after buying an additional 1,385 shares during the period. Blue Trust Inc.’s holdings in Logitech International were worth $130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Strategic Global Advisors LLC acquired a new stake in Logitech International in the 4th quarter valued at $238,000. BNP Paribas Financial Markets lifted its stake in shares of Logitech International by 275.9% in the fourth quarter. BNP Paribas Financial Markets now owns 15,598 shares of the technology company’s stock valued at $1,483,000 after buying an additional 11,449 shares in the last quarter. Dorsey Wright & Associates bought a new position in shares of Logitech International in the fourth quarter valued at $2,791,000. Russell Investments Group Ltd. grew its holdings in shares of Logitech International by 86.4% during the first quarter. Russell Investments Group Ltd. now owns 552,038 shares of the technology company’s stock valued at $49,349,000 after buying an additional 255,828 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Logitech International by 20.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,837,505 shares of the technology company’s stock worth $174,162,000 after acquiring an additional 306,948 shares in the last quarter. Institutional investors own 45.76% of the company’s stock.

Logitech International Price Performance

NASDAQ LOGI opened at $91.26 on Tuesday. The business’s fifty day moving average is $92.40 and its 200-day moving average is $89.67. The stock has a market capitalization of $14.43 billion, a price-to-earnings ratio of 23.58, a PEG ratio of 2.57 and a beta of 0.80. Logitech International S.A. has a one year low of $65.31 and a one year high of $102.59.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Monday, July 22nd. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.03 billion. Logitech International had a net margin of 15.67% and a return on equity of 30.51%. Research analysts expect that Logitech International S.A. will post 3.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LOGI shares. Loop Capital lifted their price target on Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Wedbush reiterated a “neutral” rating and set a $88.00 price target on shares of Logitech International in a report on Tuesday, July 16th. JPMorgan Chase & Co. cut Logitech International from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $92.00 to $85.00 in a research note on Wednesday, May 1st. StockNews.com lowered shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 22nd. Finally, Barclays raised their price target on shares of Logitech International from $98.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $93.14.

About Logitech International

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.