International Assets Investment Management LLC Buys New Holdings in Logitech International S.A. (NASDAQ:LOGI)

International Assets Investment Management LLC acquired a new stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 48,095 shares of the technology company's stock, valued at approximately $4,316,000.

A number of other hedge funds have also recently modified their holdings of LOGI. Private Advisor Group LLC lifted its holdings in shares of Logitech International by 39.7% during the third quarter. Private Advisor Group LLC now owns 4,141 shares of the technology company's stock valued at $372,000 after purchasing an additional 1,177 shares during the last quarter. Pictet North America Advisors SA raised its stake in Logitech International by 2.5% during the third quarter. Pictet North America Advisors SA now owns 34,875 shares of the technology company's stock valued at $3,124,000 after buying an additional 847 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Logitech International by 34,129.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 9,242 shares of the technology company's stock worth $828,000 after acquiring an additional 9,215 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Logitech International by 301.4% in the third quarter. Blue Trust Inc. now owns 5,833 shares of the technology company's stock worth $565,000 after acquiring an additional 4,380 shares during the last quarter. Finally, Claro Advisors LLC increased its holdings in shares of Logitech International by 23.0% during the third quarter. Claro Advisors LLC now owns 2,783 shares of the technology company's stock valued at $250,000 after acquiring an additional 521 shares in the last quarter. Institutional investors own 45.76% of the company's stock.

Logitech International Stock Performance

Shares of NASDAQ LOGI traded up $1.75 during midday trading on Friday, hitting $83.45. 423,946 shares of the stock traded hands, compared to its average volume of 839,118. The firm has a market capitalization of $13.20 billion, a P/E ratio of 18.59, a PEG ratio of 1.88 and a beta of 0.81. Logitech International S.A. has a one year low of $74.72 and a one year high of $102.59. The firm has a 50-day moving average of $86.34 and a two-hundred day moving average of $89.11.

Logitech International Increases Dividend

The company also recently announced 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 an increase from Logitech International's previous annual dividend of $1.19. The ex-dividend date was Tuesday, September 24th. This represents a yield of 1.4%.

Insiders Place Their Bets

In other Logitech International news, Director Guy Gecht bought 2,500 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the completion of the transaction, the director now owns 18,503 shares of the company's stock, valued at $1,500,963.36. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. StockNews.com cut shares of Logitech International from a "strong-buy" rating to a "buy" rating in a research note on Monday, July 22nd. Wedbush reiterated a "neutral" rating and issued a $88.00 target price on shares of Logitech International in a research note on Wednesday, October 23rd. Loop Capital reduced their price target on shares of Logitech International from $88.00 to $81.00 and set a "hold" rating for the company in a research report on Monday, October 28th. Barclays lowered 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. Finally, JPMorgan Chase & Co. reduced their target price on Logitech International from $98.00 to $93.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Logitech International currently has an average rating of "Hold" and an average target price of $93.00.

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.