Landscape Capital Management L.L.C. Invests $2.37 Million in Logitech International S.A. (NASDAQ:LOGI)

Landscape Capital Management L.L.C. acquired a new stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 26,439 shares of the technology company's stock, valued at approximately $2,372,000.

A number of other institutional investors have also recently bought and sold shares of LOGI. Ashton Thomas Private Wealth LLC acquired a new position in Logitech International during the second quarter valued at approximately $35,000. Employees Retirement System of Texas acquired a new position in shares of Logitech International in the second quarter valued at approximately $63,000. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Logitech International by 139.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company's stock valued at $82,000 after buying an additional 495 shares during the period. Blue Trust Inc. boosted its holdings in shares of Logitech International by 2,036.8% in the second quarter. Blue Trust Inc. now owns 1,453 shares of the technology company's stock valued at $130,000 after buying an additional 1,385 shares during the period. Finally, Syquant Capital Sas acquired a new position in shares of Logitech International in the second quarter valued at approximately $184,000. Institutional investors and hedge funds own 45.76% of the company's stock.

Logitech International Stock Performance

Shares of NASDAQ LOGI traded up $0.12 during midday trading on Friday, reaching $79.58. The stock had a trading volume of 344,839 shares, compared to its average volume of 498,559. The firm has a market cap of $12.59 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.77 and a beta of 0.81. Logitech International S.A. has a twelve month low of $74.72 and a twelve month high of $102.59. The company's 50 day moving average price is $83.93 and its 200 day moving average price is $89.11.

Logitech International Increases Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 24th were paid a $1.3687 dividend. This is a positive change from Logitech International's previous annual dividend of $1.19. The ex-dividend date was Tuesday, September 24th. This represents a dividend yield of 1.4%.

Insider Transactions at Logitech International

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

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wedbush restated a "neutral" rating and set a $88.00 target price on shares of Logitech International in a report on Wednesday, October 23rd. Barclays lowered their price target on shares of Logitech International from $105.00 to $103.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. UBS Group raised shares of Logitech International from a "sell" rating to a "neutral" rating in a report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Logitech International from $98.00 to $93.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Finally, Loop Capital reduced their target price on shares of Logitech International from $88.00 to $81.00 and set a "hold" rating on the stock in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $93.00.

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.