Logitech International S.A. (NASDAQ:LOGI) Shares Sold by Forsta AP Fonden

Forsta AP Fonden decreased its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 16.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,786 shares of the technology company’s stock after selling 8,388 shares during the quarter. Forsta AP Fonden’s holdings in Logitech International were worth $3,839,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LOGI. Ashton Thomas Private Wealth LLC purchased a new stake in Logitech International during the second quarter worth $35,000. Employees Retirement System of Texas acquired a new stake in shares of Logitech International during the 2nd quarter valued at about $63,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Logitech International by 139.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock valued at $82,000 after purchasing an additional 495 shares in the last quarter. Blue Trust Inc. raised its holdings in Logitech International by 2,036.8% in the 2nd quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock worth $130,000 after purchasing an additional 1,385 shares during the period. Finally, Syquant Capital Sas purchased a new position in Logitech International during the second quarter worth approximately $184,000. 45.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Logitech International

In related news, Director Guy Gecht acquired 2,500 shares of the stock in a transaction on Thursday, October 24th. The shares were bought at an average price of $81.12 per share, with a total value of $202,800.00. Following the completion of the purchase, the director now owns 18,503 shares of the company’s stock, valued at approximately $1,500,963.36. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.15% of the company’s stock.

Logitech International Trading Up 1.1 %

Shares of NASDAQ LOGI opened at $84.62 on Wednesday. The stock has a market cap of $13.38 billion, a PE ratio of 21.87, a P/E/G ratio of 2.44 and a beta of 0.79. Logitech International S.A. has a 12-month low of $74.72 and a 12-month high of $102.59. The company has a 50-day moving average of $86.90 and a 200 day moving average of $89.19.

Logitech International Increases Dividend

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Wedbush restated a “neutral” rating and set a $88.00 price objective on shares of Logitech International in a research report on Wednesday, October 23rd. Loop Capital decreased their price objective on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a report on Monday. Barclays cut their target price on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Finally, StockNews.com lowered shares of 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 issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $93.00.

About Logitech International

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.