Capital Insight Partners LLC Has $4.26 Million Stake in Logitech International S.A. (NASDAQ:LOGI)

Capital Insight Partners LLC grew its holdings in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,687 shares of the technology company's stock after acquiring an additional 3,851 shares during the quarter. Capital Insight Partners LLC's holdings in Logitech International were worth $4,256,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Rosenberg Matthew Hamilton grew its position in Logitech International by 5.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,339 shares of the technology company's stock valued at $210,000 after purchasing an additional 128 shares during the period. Investment Management Corp of Ontario increased its holdings in Logitech International by 0.4% during the 3rd quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company's stock worth $3,629,000 after purchasing an additional 170 shares in the last quarter. Tealwood Asset Management Inc. lifted its holdings in shares of Logitech International by 1.2% in the fourth quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company's stock valued at $1,231,000 after purchasing an additional 175 shares in the last quarter. Fulton Bank N.A. boosted its holdings in Logitech International by 2.8% during the 3rd quarter. Fulton Bank N.A. now owns 7,109 shares of the technology company's stock worth $638,000 after acquiring an additional 196 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Logitech International by 2.5% during the third quarter. US Bancorp DE now owns 7,898 shares of the technology company's stock valued at $709,000 after purchasing an additional 196 shares in the last quarter. 45.76% of the stock is owned by institutional investors.

Logitech International Price Performance

Shares of NASDAQ:LOGI traded up $2.25 during mid-day trading on Wednesday, reaching $100.81. 537,985 shares of the company were exchanged, compared to its average volume of 920,870. The firm has a market cap of $15.94 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 3.00 and a beta of 0.78. Logitech International S.A. has a 1 year low of $74.72 and a 1 year high of $102.59. The firm's 50-day simple moving average is $86.18 and its 200 day simple moving average is $85.87.

Logitech International (NASDAQ:LOGI - Get Free Report) last issued 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 net margin of 14.38% and a return on equity of 30.53%. On average, research analysts forecast that Logitech International S.A. will post 4.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group raised shares of Logitech International from a "sell" rating to a "neutral" rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised their price target on Logitech International from $99.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised Logitech International from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Kepler Capital Markets upgraded Logitech International from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th. Finally, Morgan Stanley raised shares of Logitech International from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $73.00 to $92.00 in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Logitech International currently has an average rating of "Hold" and an average target price of $97.13.

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.