Plato Investment Management Ltd Buys New Stake in Logitech International S.A. (NASDAQ:LOGI)

Plato Investment Management Ltd acquired a new position in Logitech International S.A. (NASDAQ:LOGI - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,139 shares of the technology company's stock, valued at approximately $1,086,000.

Several other institutional investors also recently bought and sold shares of the business. Jupiter Asset Management Ltd. boosted its holdings in Logitech International by 6.0% in the 1st quarter. Jupiter Asset Management Ltd. now owns 563,974 shares of the technology company's stock valued at $50,568,000 after purchasing an additional 31,891 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Logitech International by 76.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 48,841 shares of the technology company's stock worth $4,373,000 after acquiring an additional 21,106 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Logitech International by 32.7% during the first quarter. Acadian Asset Management LLC now owns 6,207,484 shares of the technology company's stock worth $556,523,000 after purchasing an additional 1,527,984 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Logitech International by 124.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 28,284 shares of the technology company's stock valued at $2,530,000 after purchasing an additional 15,695 shares during the period. Finally, Seven Eight Capital LP lifted its holdings in shares of Logitech International by 45.3% during the first quarter. Seven Eight Capital LP now owns 30,669 shares of the technology company's stock worth $2,741,000 after purchasing an additional 9,564 shares during the period. 45.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barclays decreased their target price on shares of Logitech International from $105.00 to $103.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 23rd. Wedbush reissued a "neutral" rating and issued a $88.00 target price on shares of Logitech International in a report on Wednesday, October 23rd. Loop Capital cut their price target on Logitech International from $88.00 to $81.00 and set a "hold" rating for the company in a research note on Monday, October 28th. StockNews.com cut shares of Logitech International from a "strong-buy" rating to a "buy" rating in a research note on Monday, July 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Logitech International from $98.00 to $93.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Two 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 company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $93.00.

Logitech International Stock Performance

Shares of LOGI stock traded down $0.64 during mid-day trading on Friday, reaching $77.60. 314,265 shares of the company were exchanged, compared to its average volume of 499,823. The company has a market capitalization of $12.27 billion, a P/E ratio of 17.41, a P/E/G ratio of 1.75 and a beta of 0.81. Logitech International S.A. has a fifty-two week low of $74.72 and a fifty-two week high of $102.59. The business's 50 day simple moving average is $84.59 and its 200 day simple moving average is $89.17.

Logitech International Increases Dividend

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

Insider Buying and Selling

In other news, Director Guy Gecht acquired 2,500 shares of Logitech International stock in a transaction that occurred on Thursday, October 24th. The stock was purchased at an average price of $81.12 per share, with a total value of $202,800.00. Following the completion of the transaction, the director now owns 18,503 shares in the company, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company's stock.

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.