Logitech International S.A. (NASDAQ:LOGI) Shares Purchased by Syquant Capital Sas

Syquant Capital Sas boosted its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 18.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,245 shares of the technology company’s stock after purchasing an additional 343 shares during the quarter. Logitech International comprises 0.7% of Syquant Capital Sas’ portfolio, making the stock its 5th largest holding. Syquant Capital Sas’ holdings in Logitech International were worth $201,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prudential PLC boosted its holdings in shares of Logitech International by 4.8% during the 4th quarter. Prudential PLC now owns 14,058 shares of the technology company’s stock worth $1,333,000 after buying an additional 639 shares during the period. Seven Eight Capital LP grew its position in shares of Logitech International by 18.9% in the fourth quarter. Seven Eight Capital LP now owns 21,105 shares of the technology company’s stock valued at $2,006,000 after purchasing an additional 3,360 shares during the last quarter. Logan Capital Management Inc. acquired a new position in shares of Logitech International during the 4th quarter worth about $3,312,000. Strategic Global Advisors LLC acquired a new position in shares of Logitech International during the fourth quarter worth approximately $238,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in Logitech International by 20.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,837,505 shares of the technology company’s stock valued at $174,162,000 after purchasing an additional 306,948 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Analysts Set New Price Targets

LOGI has been the topic of several research reports. Wedbush restated a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research note on Tuesday, July 16th. Loop Capital raised their target price on Logitech International from $87.00 to $88.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Barclays lifted their price target on shares of Logitech International from $98.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Finally, StockNews.com cut shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research note 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $93.14.

Logitech International Price Performance

Shares of LOGI traded up $0.05 during trading hours on Friday, hitting $85.66. The stock had a trading volume of 473,064 shares, compared to its average volume of 456,775. The stock has a market capitalization of $13.55 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 2.52 and a beta of 0.79. The company’s fifty day moving average is $87.71 and its two-hundred day moving average is $89.60. Logitech International S.A. has a 52 week low of $67.82 and a 52 week high of $102.59.

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

Logitech International Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th were paid a $1.3687 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a yield of 1.4%. This is a positive change from Logitech International’s previous annual dividend of $1.19. Logitech International’s payout ratio is currently 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.