Mediolanum International Funds Ltd Increases Stake in Logitech International S.A. (NASDAQ:LOGI)

Mediolanum International Funds Ltd grew its holdings in shares of Logitech International S.A. (NASDAQ:LOGI) by 12.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,254 shares of the technology company’s stock after acquiring an additional 4,511 shares during the period. Mediolanum International Funds Ltd’s holdings in Logitech International were worth $3,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in Logitech International in the 2nd quarter worth approximately $35,000. Employees Retirement System of Texas purchased a new position in shares of Logitech International in the second quarter valued at $63,000. Benjamin F. Edwards & Company Inc. raised its stake in Logitech International by 139.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock valued at $82,000 after purchasing an additional 495 shares in the last quarter. Blue Trust Inc. lifted its position in Logitech International by 2,036.8% during the second quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock valued at $130,000 after purchasing an additional 1,385 shares during the last quarter. Finally, Syquant Capital Sas purchased a new stake in shares of Logitech International during the 2nd quarter valued at about $184,000. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective 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. StockNews.com downgraded Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. Barclays decreased their target price on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Wednesday. Loop Capital boosted their price objective on shares of Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. Finally, Wedbush reiterated a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Logitech International currently has an average rating of “Hold” and an average price target of $94.00.

Logitech International Stock Performance

Shares of LOGI opened at $80.71 on Friday. The stock has a 50-day moving average of $87.19 and a two-hundred day moving average of $89.21. The stock has a market cap of $12.76 billion, a P/E ratio of 20.86, a P/E/G ratio of 2.44 and a beta of 0.79. Logitech International S.A. has a one year low of $74.72 and a one year high of $102.59.

Logitech International Increases Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th were issued a dividend of $1.3687 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 24th. This is a boost from Logitech International’s previous annual dividend of $1.19. Logitech International’s dividend payout ratio (DPR) is 13.49%.

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.