Logitech International S.A. (NASDAQ:LOGI) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its holdings in shares of Logitech International S.A. (NASDAQ:LOGI) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 375,311 shares of the technology company’s stock after buying an additional 2,097 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.24% of Logitech International worth $33,485,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Logitech International during the fourth quarter worth approximately $33,000. Global Retirement Partners LLC boosted its position in shares of Logitech International by 764.4% during the first quarter. Global Retirement Partners LLC now owns 389 shares of the technology company’s stock worth $35,000 after buying an additional 344 shares during the period. Blue Trust Inc. boosted its position in shares of Logitech International by 65.6% during the fourth quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock worth $40,000 after buying an additional 168 shares during the period. National Bank of Canada FI boosted its position in shares of Logitech International by 529.4% during the fourth quarter. National Bank of Canada FI now owns 428 shares of the technology company’s stock worth $40,000 after buying an additional 360 shares during the period. Finally, Mather Group LLC. acquired a new stake in Logitech International in the first quarter worth approximately $42,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Trading Down 0.2 %

NASDAQ:LOGI traded down $0.19 during trading hours on Friday, hitting $87.51. 1,430,209 shares of the stock traded hands, compared to its average volume of 596,056. The firm has a 50 day moving average price of $94.92 and a 200 day moving average price of $89.75. Logitech International S.A. has a fifty-two week low of $65.31 and a fifty-two week high of $102.59. The firm has a market cap of $13.84 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 2.57 and a beta of 0.80.

Analysts Set New Price Targets

LOGI has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Logitech International in a research report on Tuesday, April 16th. JPMorgan Chase & Co. downgraded Logitech International from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $92.00 to $85.00 in a research report on Wednesday, May 1st. Barclays upped their target price on Logitech International from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Morgan Stanley restated an “underweight” rating and issued a $75.00 target price (down from $85.00) on shares of Logitech International in a research report on Monday, April 15th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a report on Tuesday, July 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $94.00.

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.