Logitech International S.A. (NASDAQ:LOGI) Position Reduced by Pathstone Holdings LLC

Pathstone Holdings LLC lowered its stake in Logitech International S.A. (NASDAQ:LOGI) by 2.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 18,577 shares of the technology company’s stock after selling 537 shares during the period. Pathstone Holdings LLC’s holdings in Logitech International were worth $1,667,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Acadian Asset Management LLC increased its holdings in shares of Logitech International by 7.4% in the 2nd quarter. Acadian Asset Management LLC now owns 6,665,114 shares of the technology company’s stock valued at $644,642,000 after acquiring an additional 457,630 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Logitech International by 8.0% during the second quarter. Renaissance Technologies LLC now owns 1,623,908 shares of the technology company’s stock worth $157,324,000 after purchasing an additional 120,000 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Logitech International by 166.2% during the second 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 period. Jupiter Asset Management Ltd. lifted its position in shares of Logitech International by 6.7% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 601,826 shares of the technology company’s stock worth $58,214,000 after buying an additional 37,852 shares during the last quarter. Finally, Liontrust Investment Partners LLP boosted its holdings in shares of Logitech International by 5.7% in the 2nd quarter. Liontrust Investment Partners LLP now owns 490,760 shares of the technology company’s stock valued at $47,470,000 after buying an additional 26,583 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.

Insider Activity

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 price of $81.12 per share, for a total transaction of $202,800.00. Following the acquisition, the director now owns 18,503 shares in the company, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.16% of the company’s stock.

Logitech International Stock Performance

Shares of NASDAQ:LOGI opened at $79.25 on Thursday. The business has a fifty day moving average of $83.60 and a 200-day moving average of $89.09. Logitech International S.A. has a twelve month low of $74.72 and a twelve month high of $102.59. The firm has a market cap of $12.53 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.86 and a beta of 0.81.

Logitech International Increases Dividend

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

Analyst Upgrades and Downgrades

LOGI has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Barclays dropped their target price on Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Wedbush reaffirmed a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a report on Wednesday, October 23rd. Finally, Loop Capital cut their price objective on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Logitech International presently has a consensus rating of “Hold” and a consensus target price of $93.00.

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.