Allspring Global Investments Holdings LLC Increases Stock Position in Logitech International S.A. (NASDAQ:LOGI)

Allspring Global Investments Holdings LLC raised its holdings in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 34,129.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,242 shares of the technology company's stock after acquiring an additional 9,215 shares during the period. Allspring Global Investments Holdings LLC's holdings in Logitech International were worth $828,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of LOGI. Ashton Thomas Private Wealth LLC purchased a new stake in Logitech International in the second quarter valued at approximately $35,000. Employees Retirement System of Texas bought a new stake in shares of Logitech International during the 2nd quarter worth $63,000. Benjamin F. Edwards & Company Inc. grew its position in Logitech International by 139.4% in the second 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, Syquant Capital Sas bought a new stake in Logitech International during the second quarter worth about $184,000. Institutional investors own 45.76% of the company's stock.

Insider Buying and Selling

In other news, Director Guy Gecht bought 2,500 shares of Logitech International stock in a transaction on Thursday, October 24th. The shares were purchased at an average price of $81.12 per share, for a total transaction of $202,800.00. Following the acquisition, the director now owns 18,503 shares of the company's stock, valued at approximately $1,500,963.36. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Loop Capital reduced 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. StockNews.com downgraded shares of Logitech International from a "strong-buy" rating to a "buy" rating in a research note on Monday, July 22nd. Barclays cut their price objective on shares of 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 restated a "neutral" rating and set a $88.00 price target on shares of Logitech International in a research report on Wednesday, October 23rd. Finally, 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 report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $93.00.

Logitech International Trading Up 2.1 %

Shares of LOGI stock traded up $1.75 during trading hours on Friday, reaching $83.45. The company's stock had a trading volume of 423,945 shares, compared to its average volume of 492,604. The firm's fifty day simple moving average is $86.34 and its 200 day simple moving average is $89.11. Logitech International S.A. has a one year low of $74.72 and a one year high of $102.59. The stock has a market capitalization of $13.20 billion, a P/E ratio of 18.59, a P/E/G ratio of 1.90 and a beta of 0.79.

Logitech International Increases Dividend

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

Logitech International 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.