Banque Cantonale Vaudoise Cuts Stake in Logitech International S.A. (NASDAQ:LOGI)

Banque Cantonale Vaudoise lowered its stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 37.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 268,106 shares of the technology company's stock after selling 159,325 shares during the period. Logitech International makes up 1.0% of Banque Cantonale Vaudoise's investment portfolio, making the stock its 11th biggest holding. Banque Cantonale Vaudoise owned about 0.17% of Logitech International worth $24,017,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Logitech International by 76.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 48,841 shares of the technology company's stock valued at $4,373,000 after purchasing an additional 21,106 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Logitech International by 380.7% in the second quarter. Hsbc Holdings PLC now owns 122,926 shares of the technology company's stock worth $11,883,000 after purchasing an additional 97,353 shares during the period. Assenagon Asset Management S.A. grew its position in Logitech International by 166.2% in 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 purchasing an additional 798,759 shares in the last quarter. Toronto Dominion Bank grew its position in shares of Logitech International by 2,085.3% in the 2nd quarter. Toronto Dominion Bank now owns 63,439 shares of the technology company's stock valued at $6,146,000 after acquiring an additional 60,536 shares during the period. Finally, SpiderRock Advisors LLC bought a new position in shares of Logitech International in the 3rd quarter valued at about $1,431,000. 45.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Loop Capital cut their target price on shares of Logitech International from $88.00 to $81.00 and set a "hold" rating for the company in a research note on Monday, October 28th. StockNews.com cut shares of Logitech International from a "strong-buy" rating to a "buy" rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Logitech International from $98.00 to $93.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Wedbush restated a "neutral" rating and issued a $88.00 target price on shares of Logitech International in a research report on Wednesday, October 23rd. Finally, Barclays reduced their target price on shares of Logitech International from $105.00 to $103.00 and set an "overweight" rating on the stock in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Logitech International currently has an average rating of "Hold" and an average target price of $93.00.

Insider Activity

In other Logitech International news, Director Guy Gecht purchased 2,500 shares of the stock in a transaction dated Thursday, October 24th. The shares were bought at an average price of $81.12 per share, with a total value of $202,800.00. Following the completion of the transaction, the director now directly owns 18,503 shares in the company, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.16% of the company's stock.

Logitech International Stock Performance

LOGI stock traded down $0.56 during mid-day trading on Tuesday, hitting $77.93. The company had a trading volume of 313,329 shares, compared to its average volume of 498,647. The firm has a market cap of $12.32 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 1.77 and a beta of 0.81. Logitech International S.A. has a 12 month low of $74.72 and a 12 month high of $102.59. The stock's fifty day moving average price is $84.32 and its two-hundred day moving average price is $89.28.

Logitech International Increases Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 24th were given a $1.3687 dividend. The ex-dividend date was Tuesday, September 24th. This represents a dividend 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 11.63%.

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.