Bank of Montreal Can Has $8.47 Million Stake in Logitech International S.A. (NASDAQ:LOGI)

Bank of Montreal Can lowered its holdings in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 8.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,379 shares of the technology company's stock after selling 8,677 shares during the period. Bank of Montreal Can owned approximately 0.06% of Logitech International worth $8,468,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LOGI. Ashton Thomas Private Wealth LLC bought a new stake in Logitech International during the second quarter worth about $35,000. Employees Retirement System of Texas bought a new stake in shares of Logitech International during the 2nd quarter worth approximately $63,000. Benjamin F. Edwards & Company Inc. boosted its position 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. increased its stake in 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 acquiring an additional 1,385 shares during the last quarter. Finally, CWM LLC raised its position in Logitech International by 21.3% during the third quarter. CWM LLC now owns 2,062 shares of the technology company's stock valued at $185,000 after purchasing an additional 362 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company's stock.

Insider Activity

In other news, Director Guy Gecht bought 2,500 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was acquired at an average price of $81.12 per share, with a total value of $202,800.00. Following the completion of the purchase, the director now directly owns 18,503 shares of the company's stock, valued at approximately $1,500,963.36. This represents a 15.62 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.16% of the company's stock.

Logitech International Stock Performance

Shares of NASDAQ:LOGI traded down $0.47 during mid-day trading on Tuesday, reaching $81.76. 311,119 shares of the company's stock were exchanged, compared to its average volume of 495,901. The firm has a market capitalization of $12.93 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.87 and a beta of 0.78. Logitech International S.A. has a twelve month low of $74.72 and a twelve month high of $102.59. The business's fifty day moving average price is $83.11 and its 200-day moving average price is $88.87.

Logitech International Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LOGI shares. UBS Group raised Logitech International from a "sell" rating to a "neutral" rating in a report on Wednesday, November 20th. Barclays reduced their price objective 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. JPMorgan Chase & Co. lowered their target price on 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 reaffirmed a "neutral" rating and set a $88.00 price target on shares of Logitech International in a report on Wednesday, October 23rd. Finally, Loop Capital dropped their price objective 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.