Forsta AP Fonden Sells 8,388 Shares of Logitech International S.A. (NASDAQ:LOGI)

Forsta AP Fonden decreased its holdings in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 16.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,786 shares of the technology company's stock after selling 8,388 shares during the period. Forsta AP Fonden's holdings in Logitech International were worth $3,839,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Claro Advisors LLC boosted its stake in Logitech International by 6.2% during the first quarter. Claro Advisors LLC now owns 2,241 shares of the technology company's stock valued at $200,000 after buying an additional 131 shares during the last quarter. Norden Group LLC bought a new position in Logitech International during the first quarter valued at approximately $452,000. Commonwealth Equity Services LLC boosted its stake in Logitech International by 327.1% during the first quarter. Commonwealth Equity Services LLC now owns 34,764 shares of the technology company's stock valued at $3,107,000 after buying an additional 26,624 shares during the last quarter. Diversify Advisory Services LLC bought a new position in Logitech International during the first quarter valued at approximately $658,000. Finally, BNP Paribas Financial Markets boosted its stake in Logitech International by 75.3% during the first quarter. BNP Paribas Financial Markets now owns 27,349 shares of the technology company's stock valued at $2,444,000 after buying an additional 11,751 shares during the last quarter. Institutional investors own 45.76% of the company's stock.

Insider Transactions at Logitech International

In other Logitech International news, Director Guy Gecht purchased 2,500 shares of Logitech International stock in a transaction dated Thursday, October 24th. The shares were purchased at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the completion of the acquisition, the director now owns 18,503 shares in the company, valued at $1,500,963.36. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LOGI. StockNews.com lowered 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 set a $88.00 price target on shares of Logitech International in a research note on Wednesday, October 23rd. Loop Capital decreased their price objective on Logitech International from $88.00 to $81.00 and set a "hold" rating on the stock in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on Logitech International from $98.00 to $93.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Finally, Barclays decreased their price objective on Logitech International from $105.00 to $103.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $93.00.

Logitech International Trading Down 2.3 %

Shares of NASDAQ LOGI traded down $1.92 during midday trading on Wednesday, hitting $82.70. The company's stock had a trading volume of 644,619 shares, compared to its average volume of 493,213. The business's 50 day moving average is $86.70 and its two-hundred day moving average is $89.14. Logitech International S.A. has a 12-month low of $74.72 and a 12-month high of $102.59. The firm has a market cap of $13.08 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 2.44 and a beta of 0.79.

Logitech International Increases Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 24th were issued a $1.3687 dividend. This represents a dividend yield of 1.4%. This is an increase from Logitech International's previous annual dividend of $1.19. The ex-dividend date was Tuesday, September 24th. Logitech International's dividend payout ratio is presently 11.63%.

Logitech International Company Profile

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.