Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Purchases 4,903 Shares of Logitech International S.A. (NASDAQ:LOGI)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group raised its position in Logitech International S.A. (NASDAQ:LOGI) by 12.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,456 shares of the technology company’s stock after purchasing an additional 4,903 shares during the period. Logitech International makes up about 1.7% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s investment portfolio, making the stock its 15th biggest holding. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Logitech International were worth $4,391,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

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

Logitech International Trading Down 3.5 %

Shares of NASDAQ LOGI opened at $86.61 on Wednesday. The company has a market capitalization of $13.70 billion, a P/E ratio of 22.38, a P/E/G ratio of 2.52 and a beta of 0.79. Logitech International S.A. has a 12 month low of $67.82 and a 12 month high of $102.59. The stock has a 50 day moving average of $87.87 and a 200-day moving average of $89.67.

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

Logitech International Increases Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th were paid a $1.3687 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a yield of 1.4%. This is a positive change from Logitech International’s previous annual dividend of $1.19. Logitech International’s dividend payout ratio is 13.49%.

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.