Stifel Financial Corp Boosts Position in Logitech International SA (LOGI)

Stifel Financial Corp increased its holdings in Logitech International SA (NASDAQ:LOGI) by 22.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,281 shares of the technology company’s stock after buying an additional 7,455 shares during the quarter. Stifel Financial Corp’s holdings in Logitech International were worth $1,475,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Navellier & Associates Inc purchased a new position in shares of Logitech International in the second quarter worth approximately $201,000. Kimelman & Baird LLC purchased a new position in shares of Logitech International in the second quarter worth approximately $220,000. Janney Montgomery Scott LLC purchased a new position in shares of Logitech International in the second quarter worth approximately $227,000. Quantbot Technologies LP purchased a new position in shares of Logitech International in the second quarter worth approximately $254,000. Finally, Harbour Capital Advisors LLC purchased a new position in shares of Logitech International in the third quarter worth approximately $259,000. 38.23% of the stock is currently owned by institutional investors.

Logitech International SA (NASDAQ LOGI) opened at $33.90 on Monday. Logitech International SA has a 1-year low of $24.16 and a 1-year high of $40.82. The firm has a market cap of $5,870.00, a P/E ratio of 24.57 and a beta of 0.41.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings results on Monday, October 23rd. The technology company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.11. Logitech International had a net margin of 9.32% and a return on equity of 24.58%. The business had revenue of $634.21 million for the quarter, compared to the consensus estimate of $630.23 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. analysts predict that Logitech International SA will post 1.24 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on LOGI shares. BidaskClub downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Zacks Investment Research downgraded shares of Logitech International from a “hold” rating to a “sell” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.60.

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Logitech International Company Profile

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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Institutional Ownership by Quarter for Logitech International (NASDAQ:LOGI)

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