Logitech International S.A. (NASDAQ:LOGI) Director Guy Gecht Buys 2,500 Shares

Logitech International S.A. (NASDAQ:LOGI - Get Free Report) Director Guy Gecht acquired 2,500 shares of the company's stock in a transaction that occurred on Thursday, October 24th. The shares were acquired at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the purchase, the director now directly owns 18,503 shares in the company, valued at $1,500,963.36. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Logitech International Trading Up 3.7 %

Shares of NASDAQ LOGI traded up $3.01 during mid-day trading on Monday, hitting $83.72. The company had a trading volume of 636,977 shares, compared to its average volume of 492,969. The company has a market capitalization of $13.24 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 2.44 and a beta of 0.79. The firm has a 50-day simple moving average of $87.19 and a two-hundred day simple moving average of $89.23. Logitech International S.A. has a one year low of $74.72 and a one year high of $102.59.

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 issued a dividend of $1.3687 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a yield of 1.4%. This is a boost from Logitech International's previous annual dividend of $1.19. Logitech International's dividend payout ratio (DPR) is presently 13.49%.

Hedge Funds Weigh In On Logitech International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its holdings in shares of Logitech International by 86.4% during the first quarter. Russell Investments Group Ltd. now owns 552,038 shares of the technology company's stock worth $49,349,000 after acquiring an additional 255,828 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in 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 in the last quarter. Hsbc Holdings PLC raised its position in Logitech International by 380.7% during the second quarter. Hsbc Holdings PLC now owns 122,926 shares of the technology company's stock valued at $11,883,000 after purchasing an additional 97,353 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Logitech International by 166.2% during the second quarter. Assenagon Asset Management S.A. now owns 1,279,414 shares of the technology company's stock worth $123,759,000 after buying an additional 798,759 shares in the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of Logitech International by 2,085.3% during the second quarter. Toronto Dominion Bank now owns 63,439 shares of the technology company's stock worth $6,146,000 after buying an additional 60,536 shares in the last quarter. Institutional investors own 45.76% of the company's stock.

Analyst Upgrades and Downgrades

LOGI has been the topic of several research analyst reports. StockNews.com downgraded Logitech International from a "strong-buy" rating to a "buy" rating in a research note on Monday, July 22nd. Wedbush reissued a "neutral" rating and issued a $88.00 price target on shares of Logitech International in a research note on Wednesday, October 23rd. Loop Capital dropped their price target on Logitech International from $88.00 to $81.00 and set a "hold" rating on the stock in a research note on Monday. 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. Finally, JPMorgan Chase & Co. dropped their price target 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. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price 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.