Logitech International S.A. (NASDAQ:LOGI) Shares Sold by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC reduced its holdings in shares of Logitech International S.A. (NASDAQ:LOGI) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,580 shares of the technology company’s stock after selling 115 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Logitech International were worth $542,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in LOGI. Barclays PLC grew its holdings in shares of Logitech International by 64.2% during the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock worth $451,426,000 after purchasing an additional 1,967,133 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Logitech International by 3.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company’s stock worth $219,611,000 after buying an additional 89,788 shares during the period. Assenagon Asset Management S.A. increased its position in Logitech International by 2,315.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock worth $119,673,000 after buying an additional 1,385,493 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Logitech International by 1.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,097,951 shares of the technology company’s stock valued at $98,348,000 after acquiring an additional 19,046 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Logitech International in the third quarter valued at approximately $15,891,000. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International Trading Down 1.9 %

LOGI stock opened at $97.42 on Friday. Logitech International S.A. has a 52 week low of $74.72 and a 52 week high of $102.59. The company has a market cap of $15.41 billion, a P/E ratio of 22.87, a P/E/G ratio of 3.01 and a beta of 0.77. The company’s 50-day moving average price is $85.54 and its 200 day moving average price is $85.83.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.07. Logitech International had a return on equity of 30.20% and a net margin of 14.38%. On average, equities research analysts expect that Logitech International S.A. will post 4.13 earnings per share for the current year.

Analyst Ratings Changes

LOGI has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised shares of Logitech International from a “sell” rating to a “hold” rating in a research report on Friday. StockNews.com raised Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays lifted their target price on Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday. Bank of America cut Logitech International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $114.00 to $92.00 in a research note on Monday, December 16th. Finally, Citigroup boosted their price objective on shares of Logitech International from $92.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $97.13.

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.