Harbour Capital Advisors LLC acquired a new position in shares of Logitech International S.A. (NASDAQ:LOGI) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,100 shares of the technology company’s stock, valued at approximately $259,000.
A number of other hedge funds have also recently modified their holdings of LOGI. Alps Advisors Inc. grew its position in shares of Logitech International by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,706 shares of the technology company’s stock valued at $576,000 after purchasing an additional 41 shares during the period. Bank of Montreal Can grew its position in shares of Logitech International by 3.8% in the second quarter. Bank of Montreal Can now owns 13,853 shares of the technology company’s stock valued at $508,000 after purchasing an additional 505 shares during the period. Eagle Asset Management Inc. grew its position in shares of Logitech International by 10.9% in the second quarter. Eagle Asset Management Inc. now owns 10,734 shares of the technology company’s stock valued at $393,000 after purchasing an additional 1,057 shares during the period. AXA grew its position in shares of Logitech International by 1.3% in the second quarter. AXA now owns 127,000 shares of the technology company’s stock valued at $4,655,000 after purchasing an additional 1,600 shares during the period. Finally, EAM Investors LLC grew its position in shares of Logitech International by 8.2% in the second quarter. EAM Investors LLC now owns 22,058 shares of the technology company’s stock valued at $809,000 after purchasing an additional 1,664 shares during the period. 38.24% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research cut Logitech International from a “hold” rating to a “sell” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $44.60.
Shares of Logitech International S.A. (LOGI) traded up $0.07 during trading on Thursday, reaching $32.92. The company had a trading volume of 585,439 shares, compared to its average volume of 441,256. The company has a market capitalization of $5,338.44, a price-to-earnings ratio of 25.39 and a beta of 0.38. Logitech International S.A. has a 1 year low of $23.59 and a 1 year high of $40.82.
Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Monday, October 23rd. The technology company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.11. The firm had revenue of $634.21 million during the quarter, compared to analyst estimates of $630.23 million. Logitech International had a return on equity of 24.58% and a net margin of 9.32%. During the same period in the previous year, the company earned $0.35 earnings per share. equities research analysts predict that Logitech International S.A. will post 1.24 EPS for the current fiscal year.
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About Logitech International
Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.
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