Logitech International S.A. (NASDAQ:LOGI) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. trimmed its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 31.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,308 shares of the technology company’s stock after selling 1,489 shares during the quarter. Freedom Investment Management Inc.’s holdings in Logitech International were worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its position in shares of Logitech International by 6.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,206 shares of the technology company’s stock worth $200,000 after buying an additional 128 shares in the last quarter. Rosenberg Matthew Hamilton raised its position in shares of Logitech International by 5.8% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,339 shares of the technology company’s stock worth $210,000 after buying an additional 128 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Logitech International by 2.4% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 6,468 shares of the technology company’s stock worth $627,000 after buying an additional 153 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of Logitech International by 0.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 65,450 shares of the technology company’s stock worth $6,331,000 after buying an additional 168 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its position in shares of Logitech International by 5.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,510 shares of the technology company’s stock worth $340,000 after buying an additional 194 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors.

Insider Activity at Logitech International

In related news, Director Guy Gecht acquired 2,500 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were purchased at an average cost of $81.12 per share, with a total value of $202,800.00. Following the completion of the transaction, the director now owns 18,503 shares of the company’s stock, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Loop Capital dropped their price target 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. Wedbush reiterated a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a report on Wednesday, October 23rd. Barclays dropped their target price on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their target price on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $93.00.

Logitech International Price Performance

LOGI stock opened at $80.89 on Monday. Logitech International S.A. has a 52-week low of $74.72 and a 52-week high of $102.59. The company’s 50 day simple moving average is $83.20 and its 200-day simple moving average is $88.92. The firm has a market capitalization of $12.79 billion, a P/E ratio of 18.02, a P/E/G ratio of 1.84 and a beta of 0.81.

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. 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%. Logitech International’s payout ratio is presently 11.63%.

Logitech International 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.