Assetmark Inc. Grows Position in Logitech International S.A. (NASDAQ:LOGI)

Assetmark Inc. lifted its position in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 6,766.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,231 shares of the technology company's stock after buying an additional 48,514 shares during the period. Assetmark Inc.'s holdings in Logitech International were worth $4,418,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LOGI. Acadian Asset Management LLC increased its holdings in Logitech International by 32.7% during the first quarter. Acadian Asset Management LLC now owns 6,207,484 shares of the technology company's stock valued at $556,523,000 after buying an additional 1,527,984 shares during the last quarter. Assenagon Asset Management S.A. increased 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 buying an additional 798,759 shares during the last quarter. Marshall Wace LLP increased its holdings in Logitech International by 57.3% during the second quarter. Marshall Wace LLP now owns 450,897 shares of the technology company's stock valued at $43,615,000 after buying an additional 164,307 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in Logitech International by 99.4% during the first quarter. Canada Pension Plan Investment Board now owns 289,337 shares of the technology company's stock valued at $25,943,000 after buying an additional 144,262 shares during the last quarter. Finally, Renaissance Technologies LLC increased 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 buying an additional 120,000 shares during the last quarter. Institutional investors own 45.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LOGI shares. Barclays reduced their price objective on shares of Logitech International from $105.00 to $103.00 and set an "overweight" rating for the company in a research note on Wednesday, October 23rd. Wedbush reaffirmed a "neutral" rating and issued a $88.00 price target on shares of Logitech International in a research note on Wednesday, October 23rd. Loop Capital cut their target price 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. JPMorgan Chase & Co. cut 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 report on Wednesday, October 23rd. Finally, StockNews.com downgraded shares of Logitech International from a "strong-buy" rating to a "buy" rating in a research report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Logitech International presently has a consensus rating of "Hold" and a consensus price target of $93.00.

Logitech International Trading Down 0.3 %

NASDAQ LOGI traded down $0.22 on Wednesday, hitting $77.07. 487,645 shares of the company's stock traded hands, compared to its average volume of 499,044. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $102.59. The firm's 50-day moving average price is $84.92 and its two-hundred day moving average price is $89.33. The firm has a market capitalization of $12.19 billion, a PE ratio of 17.12, a P/E/G ratio of 1.76 and a beta of 0.81.

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 paid a $1.3687 dividend. This is a boost from Logitech International's previous annual dividend of $1.19. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 24th.

Insider Activity at Logitech International

In related news, Director Guy Gecht purchased 2,500 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average price of $81.12 per share, with a total value of $202,800.00. Following the acquisition, the director now owns 18,503 shares in the company, valued at $1,500,963.36. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.16% of the company's stock.

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.