Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Purchases 4,903 Shares of Logitech International S.A. (NASDAQ:LOGI)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group increased its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 12.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,456 shares of the technology company’s stock after purchasing an additional 4,903 shares during the period. Logitech International comprises about 1.7% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s investment portfolio, making the stock its 15th largest position. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Logitech International were worth $4,391,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Acadian Asset Management LLC increased its holdings in Logitech International by 7.4% in the 2nd quarter. Acadian Asset Management LLC now owns 6,665,114 shares of the technology company’s stock valued at $644,642,000 after buying an additional 457,630 shares during the period. Vanguard Group Inc. raised its position in Logitech International by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 6,159,041 shares of the technology company’s stock worth $585,478,000 after purchasing an additional 84,179 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Logitech International by 20.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,837,505 shares of the technology company’s stock worth $174,162,000 after purchasing an additional 306,948 shares in the last quarter. Renaissance Technologies LLC lifted its stake 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 worth $157,324,000 after purchasing an additional 120,000 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Logitech International by 166.2% in 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. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Trading Down 3.5 %

Shares of NASDAQ LOGI opened at $86.61 on Wednesday. Logitech International S.A. has a 1-year low of $67.82 and a 1-year high of $102.59. The company has a 50-day moving average of $87.87 and a two-hundred day moving average of $89.67. The company has a market cap of $13.70 billion, a PE ratio of 22.38, a P/E/G ratio of 2.52 and a beta of 0.79.

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

Logitech International Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th were issued a dividend of $1.3687 per share. 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 of this dividend was Tuesday, September 24th. Logitech International’s payout ratio is currently 13.49%.

Analyst Upgrades and Downgrades

LOGI has been the subject of a number of recent research reports. Loop Capital increased their target price on Logitech International from $87.00 to $88.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th. Wedbush reissued a “neutral” rating and set a $88.00 price objective on shares of Logitech International in a report on Tuesday, July 16th. Barclays upped their target price on shares of Logitech International from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, StockNews.com downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. 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.com, Logitech International currently has an average rating of “Hold” and an average target price of $93.14.

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.