Private Advisor Group LLC Boosts Holdings in Logitech International S.A. (NASDAQ:LOGI)

Private Advisor Group LLC grew its position in Logitech International S.A. (NASDAQ:LOGI) by 39.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,141 shares of the technology company’s stock after buying an additional 1,177 shares during the period. Private Advisor Group LLC’s holdings in Logitech International were worth $372,000 as of its most recent SEC filing.

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

Logitech International Stock Performance

LOGI stock opened at $83.63 on Wednesday. Logitech International S.A. has a one year low of $74.72 and a one year high of $102.59. The stock has a market capitalization of $13.23 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81. The company has a fifty day moving average of $86.19 and a 200-day moving average of $89.28.

Logitech International Increases Dividend

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

Insider Transactions at Logitech International

In other news, Director Guy Gecht bought 2,500 shares of Logitech International stock in a transaction dated Thursday, October 24th. The stock was bought at an average price of $81.12 per share, for a total transaction of $202,800.00. Following the purchase, the director now owns 18,503 shares of the company’s stock, valued at approximately $1,500,963.36. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

LOGI has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective 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. Wedbush restated a “neutral” rating and issued a $88.00 price objective 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 research report on Wednesday, October 23rd. StockNews.com downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 22nd. Finally, Loop Capital lowered their price objective 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. Two research 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 data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $93.00.

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.