Crossmark Global Holdings Inc. Boosts Stake in Logitech International S.A. (NASDAQ:LOGI)

Crossmark Global Holdings Inc. lifted its stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 84.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,686 shares of the technology company's stock after buying an additional 12,228 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Logitech International were worth $2,395,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Acadian Asset Management LLC increased its holdings in shares of Logitech International by 32.7% in the 1st quarter. Acadian Asset Management LLC now owns 6,207,484 shares of the technology company's stock worth $556,523,000 after acquiring an additional 1,527,984 shares during the period. Assenagon Asset Management S.A. lifted its position 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 worth $123,759,000 after acquiring an additional 798,759 shares during the period. Marshall Wace LLP grew its holdings in shares of Logitech International by 57.3% during the 2nd quarter. Marshall Wace LLP now owns 450,897 shares of the technology company's stock worth $43,615,000 after purchasing an additional 164,307 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of 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 purchasing an additional 144,262 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Logitech International by 8.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,623,908 shares of the technology company's stock valued at $157,324,000 after purchasing an additional 120,000 shares during the period. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LOGI shares. Wedbush reaffirmed a "neutral" rating and issued a $88.00 target price on shares of Logitech International in a research note on Wednesday, October 23rd. Barclays dropped their price target on Logitech International from $105.00 to $103.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. StockNews.com downgraded shares of Logitech International from a "strong-buy" rating to a "buy" rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. dropped their price objective on Logitech International from $98.00 to $93.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Finally, Loop Capital reduced 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Logitech International has a consensus rating of "Hold" and an average price target of $93.00.

Insider Transactions at Logitech International

In other Logitech International news, Director Guy Gecht purchased 2,500 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The shares were bought at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the purchase, the director now owns 18,503 shares of the company's stock, valued at $1,500,963.36. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.16% of the company's stock.

Logitech International Trading Down 0.3 %

LOGI stock traded down $0.22 during midday trading on Wednesday, hitting $77.08. The stock had a trading volume of 487,645 shares, compared to its average volume of 499,044. The firm has a market cap of $12.19 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 1.76 and a beta of 0.81. Logitech International S.A. has a 1-year low of $74.72 and a 1-year high of $102.59. The business has a fifty day moving average price of $84.92 and a two-hundred day moving average price of $89.33.

Logitech International Increases Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th were given a $1.3687 dividend. This is a boost from Logitech International's previous annual dividend of $1.19. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a yield of 1.4%.

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.