Creative Planning Has $2.84 Million Position in Logitech International S.A. (NASDAQ:LOGI)

Creative Planning increased its position in Logitech International S.A. (NASDAQ:LOGI) by 10.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,667 shares of the technology company’s stock after buying an additional 3,056 shares during the period. Creative Planning’s holdings in Logitech International were worth $2,841,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its holdings in 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 purchasing an additional 457,630 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Logitech International by 8.0% during the second 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 last quarter. Assenagon Asset Management S.A. grew its holdings in Logitech International by 166.2% during the second 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 last quarter. Jupiter Asset Management Ltd. grew its holdings in Logitech International by 6.7% during 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 during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings 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 valued at $49,349,000 after purchasing an additional 255,828 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on LOGI shares. Loop Capital increased their price target on Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Barclays lowered 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. StockNews.com downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 22nd. Wedbush restated a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $94.00.

Logitech International Price Performance

Shares of LOGI stock opened at $80.71 on Friday. The stock has a market cap of $12.76 billion, a P/E ratio of 20.86, a price-to-earnings-growth 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. The stock has a fifty day moving average price of $87.19 and a 200 day moving average price of $89.21.

Logitech International Increases Dividend

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

Logitech International Company 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.