International Assets Investment Management LLC Invests $4.32 Million in Logitech International S.A. (NASDAQ:LOGI)

International Assets Investment Management LLC purchased a new stake in Logitech International S.A. (NASDAQ:LOGI) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 48,095 shares of the technology company’s stock, valued at approximately $4,316,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norden Group LLC purchased a new stake in shares of Logitech International in the 1st quarter valued at about $452,000. Diversify Advisory Services LLC acquired a new stake in shares of Logitech International in the first quarter valued at approximately $658,000. BNP Paribas Financial Markets grew its position in shares of Logitech International by 75.3% during the first quarter. BNP Paribas Financial Markets now owns 27,349 shares of the technology company’s stock worth $2,444,000 after acquiring an additional 11,751 shares during the last quarter. Mutual of America Capital Management LLC purchased a new position in shares of Logitech International during the first quarter worth approximately $6,845,000. Finally, Mediolanum International Funds Ltd acquired a new position in shares of Logitech International in the 1st quarter valued at $3,569,000. 45.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Logitech International

In other news, Director Guy Gecht bought 2,500 shares of the stock in a transaction on Thursday, October 24th. The stock was purchased at an average cost of $81.12 per share, with a total value of $202,800.00. Following the purchase, the director now owns 18,503 shares of the company’s stock, valued at approximately $1,500,963.36. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.16% of the stock is owned by insiders.

Logitech International Trading Up 2.1 %

Shares of LOGI opened at $83.45 on Friday. Logitech International S.A. has a 12-month low of $74.72 and a 12-month high of $102.59. The stock has a market cap of $13.20 billion, a P/E ratio of 18.59, a PEG ratio of 1.90 and a beta of 0.79. The company has a 50-day moving average of $86.34 and a two-hundred day moving average of $89.11.

Logitech International Increases Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on LOGI. StockNews.com downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 22nd. Wedbush reissued a “neutral” rating and set a $88.00 price target on shares of Logitech International in a report on Wednesday, October 23rd. Loop Capital reduced their price objective on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Barclays decreased their price objective on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. cut their price target on Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Two investment 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.