Logitech International S.A. (NASDAQ:LOGI) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC raised its stake in Logitech International S.A. (NASDAQ:LOGI) by 10.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,765 shares of the technology company’s stock after buying an additional 2,283 shares during the period. Empowered Funds LLC’s holdings in Logitech International were worth $2,132,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of LOGI. Mitsubishi UFJ Trust & Banking Corp boosted 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 in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Logitech International by 124.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 28,284 shares of the technology company’s stock valued at $2,530,000 after acquiring an additional 15,695 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Logitech International by 99.4% during the first quarter. Canada Pension Plan Investment Board now owns 289,337 shares of the technology company’s stock worth $25,943,000 after acquiring an additional 144,262 shares during the last quarter. 1832 Asset Management L.P. purchased a new stake in shares of Logitech International in the first quarter valued at about $3,731,000. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Logitech International by 0.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 375,311 shares of the technology company’s stock valued at $33,485,000 after purchasing an additional 2,097 shares during the last quarter. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Trading Up 0.2 %

Logitech International stock opened at $78.10 on Thursday. Logitech International S.A. has a 52 week low of $74.72 and a 52 week high of $102.59. The stock has a market cap of $12.35 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 1.77 and a beta of 0.81. The stock has a 50 day moving average of $84.04 and a 200-day moving average of $89.17.

Logitech International Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th were issued a dividend of $1.3687 per share. This is a positive change from Logitech International’s previous annual dividend of $1.19. This represents a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 24th. Logitech International’s dividend payout ratio (DPR) is currently 11.63%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wedbush reissued a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research report on Wednesday, October 23rd. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. reduced 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. Loop Capital lowered their price target on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a report on Monday, October 28th. Finally, Barclays decreased their target price on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $93.00.

Insider Activity

In other Logitech International 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 purchased at an average price of $81.12 per share, for a total transaction of $202,800.00. Following the completion of the purchase, the director now directly owns 18,503 shares in the company, valued at $1,500,963.36. The trade was a 15.62 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company 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.