Vanguard Personalized Indexing Management LLC Purchases 673 Shares of Logitech International S.A. (NASDAQ:LOGI)

Vanguard Personalized Indexing Management LLC raised its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 5.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,997 shares of the technology company’s stock after acquiring an additional 673 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Logitech International were worth $1,259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC bought a new stake in Logitech International during the 2nd quarter valued at approximately $35,000. Mather Group LLC. bought a new stake in shares of Logitech International in the first quarter valued at approximately $42,000. Blue Trust Inc. grew its stake in shares of Logitech International by 2,036.8% in the second quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock worth $130,000 after acquiring an additional 1,385 shares during the last quarter. Syquant Capital Sas bought a new position in Logitech International during the second quarter worth $184,000. Finally, EverSource Wealth Advisors LLC raised its stake in Logitech International by 17.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,078 shares of the technology company’s stock valued at $186,000 after purchasing an additional 314 shares during the last quarter. 45.76% of the stock is owned by institutional investors and hedge funds.

Logitech International Price Performance

Logitech International stock opened at $86.80 on Monday. The business has a 50 day simple moving average of $88.35 and a 200 day simple moving average of $89.91. The company has a market capitalization of $13.73 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.45 and a beta of 0.79. Logitech International S.A. has a one year low of $65.31 and a one year high of $102.59.

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

Logitech International Increases Dividend

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

Analyst Upgrades and Downgrades

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

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.