Maverick Capital Ltd. Has $2.39 Million Stake in Logitech International S.A. (NASDAQ:LOGI)

Maverick Capital Ltd. raised its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 36.9% in the 2nd quarter, Holdings Channel reports. The firm owned 24,666 shares of the technology company’s stock after purchasing an additional 6,642 shares during the quarter. Maverick Capital Ltd.’s holdings in Logitech International were worth $2,386,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LOGI. Acadian Asset Management LLC raised its position in shares of Logitech International by 32.7% during the first quarter. Acadian Asset Management LLC now owns 6,207,484 shares of the technology company’s stock worth $556,523,000 after acquiring an additional 1,527,984 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Logitech International by 166.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,279,414 shares of the technology company’s stock worth $123,759,000 after purchasing an additional 798,759 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Logitech International by 20.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,837,505 shares of the technology company’s stock worth $174,162,000 after purchasing an additional 306,948 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Logitech International by 86.4% in the 1st quarter. Russell Investments Group Ltd. now owns 552,038 shares of the technology company’s stock valued at $49,349,000 after purchasing an additional 255,828 shares during the last quarter. Finally, Susquehanna International Securities Ltd. acquired a new stake in shares of Logitech International during the first quarter worth $15,091,000. 45.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barclays boosted their target price on shares of Logitech International from $98.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Wedbush restated a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research report on Tuesday, July 16th. StockNews.com cut Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 22nd. Finally, Loop Capital boosted their price target on Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $93.14.

Logitech International Stock Performance

Shares of NASDAQ:LOGI opened at $87.76 on Friday. Logitech International S.A. has a 52-week low of $67.07 and a 52-week high of $102.59. The business’s 50 day simple moving average is $87.97 and its two-hundred day simple moving average is $89.82. The firm has a market cap of $13.88 billion, a P/E ratio of 22.68, a PEG ratio of 2.52 and a beta of 0.79.

Logitech International (NASDAQ:LOGI) last issued its earnings results on Monday, July 22nd. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Logitech International had a return on equity of 30.51% and a net margin of 15.67%. On average, equities analysts forecast that Logitech International S.A. will post 3.96 earnings per share for the current fiscal year.

Logitech International Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 24th were issued a dividend of $1.3687 per share. This is a boost from Logitech International’s previous annual dividend of $1.19. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 24th.

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.