Fulton Bank N.A. Boosts Stock Position in Logitech International S.A. (NASDAQ:LOGI)

Fulton Bank N.A. lifted its stake in Logitech International S.A. (NASDAQ:LOGI) by 19.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,971 shares of the technology company’s stock after purchasing an additional 645 shares during the quarter. Fulton Bank N.A.’s holdings in Logitech International were worth $355,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. acquired a new position in Logitech International in the 4th quarter valued at about $33,000. Blue Trust Inc. raised its position in shares of Logitech International by 65.6% during the 4th quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock valued at $40,000 after buying an additional 168 shares during the period. National Bank of Canada FI lifted its holdings in Logitech International by 529.4% in the fourth quarter. National Bank of Canada FI now owns 428 shares of the technology company’s stock valued at $40,000 after acquiring an additional 360 shares during the last quarter. Mather Group LLC. purchased a new position in Logitech International in the first quarter worth approximately $42,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Logitech International during the fourth quarter worth $46,000. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International Stock Down 1.1 %

NASDAQ:LOGI opened at $96.11 on Friday. Logitech International S.A. has a 52 week low of $55.22 and a 52 week high of $102.59. The company has a fifty day simple moving average of $90.04 and a two-hundred day simple moving average of $89.92. The company has a market cap of $15.20 billion, a price-to-earnings ratio of 24.83, a price-to-earnings-growth ratio of 3.00 and a beta of 0.82.

Logitech International (NASDAQ:LOGI) last released its earnings results on Monday, April 29th. The technology company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.55 by $0.34. Logitech International had a return on equity of 27.46% and a net margin of 14.24%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $956.85 million. On average, analysts expect that Logitech International S.A. will post 3.85 EPS for the current year.

Insider Transactions at Logitech International

In other news, CFO Charles D. Boynton bought 1,225 shares of Logitech International stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average price of $81.27 per share, with a total value of $99,555.75. Following the completion of the acquisition, the chief financial officer now directly owns 1,225 shares in the company, valued at $99,555.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LOGI. Morgan Stanley reaffirmed an “underweight” rating and issued a $75.00 price target (down previously from $85.00) on shares of Logitech International in a research note on Monday, April 15th. Wedbush reaffirmed a “neutral” rating and issued a $92.00 target price on shares of Logitech International in a research report on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Logitech International in a research report on Tuesday, April 16th. StockNews.com lowered shares of Logitech International from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. Finally, Citigroup increased their price objective on shares of Logitech International from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $91.00.

Logitech International 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.