Logitech International S.A. (NASDAQ:LOGI) Stake Boosted by Cwm LLC

Cwm LLC raised its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 21.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,062 shares of the technology company’s stock after buying an additional 362 shares during the quarter. Cwm LLC’s holdings in Logitech International were worth $185,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC raised its holdings in shares of Logitech International by 7.4% during the second quarter. Acadian Asset Management LLC now owns 6,665,114 shares of the technology company’s stock valued at $644,642,000 after acquiring an additional 457,630 shares during the period. Renaissance Technologies LLC raised its stake in Logitech International by 8.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,623,908 shares of the technology company’s stock valued at $157,324,000 after purchasing an additional 120,000 shares during the period. Assenagon Asset Management S.A. raised its stake in Logitech International by 166.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,279,414 shares of the technology company’s stock valued at $123,759,000 after purchasing an additional 798,759 shares during the period. Jupiter Asset Management Ltd. lifted its holdings in shares of Logitech International by 6.7% in the second quarter. Jupiter Asset Management Ltd. now owns 601,826 shares of the technology company’s stock valued at $58,214,000 after purchasing an additional 37,852 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Logitech International by 86.4% in the first quarter. Russell Investments Group Ltd. now owns 552,038 shares of the technology company’s stock worth $49,349,000 after buying an additional 255,828 shares during the period. 45.76% of the stock is owned by hedge funds and other institutional investors.

Logitech International Stock Performance

NASDAQ:LOGI opened at $80.44 on Thursday. The company has a market capitalization of $12.72 billion, a P/E ratio of 20.79, a P/E/G ratio of 2.47 and a beta of 0.79. The stock’s 50 day moving average price is $87.55 and its 200 day moving average price is $89.31. Logitech International S.A. has a 52 week low of $74.00 and a 52 week high of $102.59.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Monday, July 22nd. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.78 by $0.20. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.03 billion. Logitech International had a net margin of 15.67% and a return on equity of 30.51%. As a group, sell-side analysts forecast that Logitech International S.A. will post 3.96 earnings per share for the current fiscal year.

Logitech International Increases Dividend

The firm 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. The ex-dividend date was Tuesday, September 24th. This is a boost from Logitech International’s previous annual dividend of $1.19. This represents a yield of 1.4%. Logitech International’s dividend payout ratio is currently 13.49%.

Analyst Ratings Changes

Several research analysts recently weighed in on LOGI shares. JPMorgan Chase & Co. dropped their price target on Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a research report on Wednesday. StockNews.com downgraded Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. 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 report on Wednesday, August 14th. Barclays dropped 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. Finally, Wedbush reiterated a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a research report on Wednesday. Two investment 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $94.00.

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.