Wealth Enhancement Advisory Services LLC Buys Shares of 6,041 Logitech International S.A. (NASDAQ:LOGI)

Wealth Enhancement Advisory Services LLC bought a new position in Logitech International S.A. (NASDAQ:LOGI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,041 shares of the technology company’s stock, valued at approximately $542,000.

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

Logitech International Stock Performance

Shares of NASDAQ LOGI opened at $79.40 on Friday. The business’s 50 day moving average price is $85.40 and its 200-day moving average price is $89.20. Logitech International S.A. has a fifty-two week low of $74.72 and a fifty-two week high of $102.59. The company has a market cap of $12.56 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.81 and a beta of 0.81.

Logitech International Increases Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, September 25th. Stockholders 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 dividend yield of 1.4%.

Analysts Set New Price Targets

Several research firms have issued reports on LOGI. Loop Capital cut their price target on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a report on Monday, October 28th. Barclays cut their price objective on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. StockNews.com cut Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. decreased their price objective on Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $93.00.

Insiders Place Their Bets

In related news, Director Guy Gecht purchased 2,500 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was purchased at an average price of $81.12 per share, with a total value of $202,800.00. Following the completion of 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 position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 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.