Quantbot Technologies LP Has $7.32 Million Holdings in Logitech International S.A. (NASDAQ:LOGI)

Quantbot Technologies LP raised its position in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 121.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,596 shares of the technology company's stock after purchasing an additional 44,707 shares during the quarter. Quantbot Technologies LP owned approximately 0.05% of Logitech International worth $7,322,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Logitech International

In related news, Director Guy Gecht bought 2,500 shares of the company's stock in a transaction dated Thursday, October 24th. The stock was acquired at an average cost 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 approximately $1,500,963.36. This represents a 15.62 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.16% of the company's stock.

Logitech International Stock Down 0.9 %

Logitech International stock traded down $0.75 during trading hours on Tuesday, hitting $81.01. The stock had a trading volume of 335,026 shares, compared to its average volume of 498,642. The company has a 50-day moving average of $83.72 and a two-hundred day moving average of $89.12. The company has a market cap of $12.81 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 1.81 and a beta of 0.81. Logitech International S.A. has a fifty-two week low of $74.72 and a fifty-two week high of $102.59.

Logitech International Increases Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th were issued 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%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LOGI. Barclays decreased their price target on 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 reissued a "neutral" rating and set a $88.00 price objective on shares of Logitech International in a research report on Wednesday, October 23rd. UBS Group raised Logitech International from a "sell" rating to a "neutral" rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. cut their price objective on Logitech International from $98.00 to $93.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Finally, Loop Capital cut their price objective on Logitech International from $88.00 to $81.00 and set a "hold" rating for the company in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently 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.