Ritholtz Wealth Management Purchases 4,313 Shares of Logitech International S.A. (NASDAQ:LOGI)

Ritholtz Wealth Management lifted its holdings in Logitech International S.A. (NASDAQ:LOGI) by 99.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,631 shares of the technology company’s stock after buying an additional 4,313 shares during the period. Ritholtz Wealth Management’s holdings in Logitech International were worth $836,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Claro Advisors LLC grew its stake in Logitech International by 6.2% in the 1st quarter. Claro Advisors LLC now owns 2,241 shares of the technology company’s stock valued at $200,000 after purchasing an additional 131 shares during the period. First Citizens Bank & Trust Co. grew its position in Logitech International by 2.4% during the second quarter. First Citizens Bank & Trust Co. now owns 6,468 shares of the technology company’s stock valued at $627,000 after buying an additional 153 shares during the period. Naples Global Advisors LLC increased its holdings in Logitech International by 2.2% during the first quarter. Naples Global Advisors LLC now owns 13,256 shares of the technology company’s stock worth $1,185,000 after buying an additional 291 shares during the last quarter. SG Americas Securities LLC raised its position in Logitech International by 1.6% in the first quarter. SG Americas Securities LLC now owns 19,056 shares of the technology company’s stock worth $1,703,000 after acquiring an additional 297 shares during the period. Finally, Azzad Asset Management Inc. ADV boosted its stake in Logitech International by 0.8% in the first quarter. Azzad Asset Management Inc. ADV now owns 37,008 shares of the technology company’s stock valued at $3,307,000 after acquiring an additional 303 shares during the last quarter. 45.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on LOGI shares. Barclays increased their price objective on Logitech International from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Wedbush restated a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a research note on Tuesday, July 16th. Loop Capital boosted their price target on shares of Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. Finally, StockNews.com downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. Two 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $93.14.

Logitech International Trading Down 2.6 %

Shares of NASDAQ:LOGI opened at $88.66 on Wednesday. Logitech International S.A. has a 12 month low of $65.31 and a 12 month high of $102.59. The stock has a market cap of $14.02 billion, a P/E ratio of 22.91, a P/E/G ratio of 2.64 and a beta of 0.80. The company has a 50 day moving average of $90.63 and a 200 day moving average of $90.11.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Monday, July 22nd. The technology company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.20. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Logitech International had a net margin of 15.67% and a return on equity of 30.51%. On average, equities analysts forecast that Logitech International S.A. will post 3.96 earnings per share for the current fiscal year.

Logitech International Company Profile

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.