Private Advisor Group LLC Raises Stake in Logitech International S.A. (NASDAQ:LOGI)

Private Advisor Group LLC lifted its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 39.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,141 shares of the technology company’s stock after buying an additional 1,177 shares during the quarter. Private Advisor Group LLC’s holdings in Logitech International were worth $372,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LOGI. Russell Investments Group Ltd. increased its position in Logitech International by 86.4% during 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 during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Logitech International by 76.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 48,841 shares of the technology company’s stock worth $4,373,000 after purchasing an additional 21,106 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Logitech International by 380.7% in the second quarter. Hsbc Holdings PLC now owns 122,926 shares of the technology company’s stock worth $11,883,000 after acquiring an additional 97,353 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Logitech International by 166.2% in 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 acquiring an additional 798,759 shares in the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Logitech International by 2,085.3% in the second quarter. Toronto Dominion Bank now owns 63,439 shares of the technology company’s stock worth $6,146,000 after acquiring an additional 60,536 shares in the last quarter. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wedbush reissued a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a research report on Wednesday, October 23rd. Loop Capital dropped their price objective on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, October 28th. JPMorgan Chase & Co. decreased their target price on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. StockNews.com downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 22nd. Finally, Barclays reduced their price objective on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Logitech International has an average rating of “Hold” and an average target price of $93.00.

Logitech International Stock Performance

Logitech International stock opened at $83.63 on Wednesday. The firm’s 50-day moving average is $86.19 and its 200-day moving average is $89.28. Logitech International S.A. has a 1 year low of $74.72 and a 1 year high of $102.59. The company has a market cap of $13.23 billion, a P/E ratio of 18.63, a PEG ratio of 1.92 and a beta of 0.81.

Logitech International Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th were issued a $1.3687 dividend. This represents a dividend 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.

Insider Buying and Selling

In other news, Director Guy Gecht acquired 2,500 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were acquired at an average price of $81.12 per share, with a total value of $202,800.00. Following the acquisition, the director now directly owns 18,503 shares in the company, valued at approximately $1,500,963.36. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

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.