Public Sector Pension Investment Board Grows Position in Logitech International S.A. (NASDAQ:LOGI)

Public Sector Pension Investment Board lifted its stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 23.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,790 shares of the technology company's stock after acquiring an additional 15,340 shares during the period. Public Sector Pension Investment Board owned 0.05% of Logitech International worth $7,237,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LOGI. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Logitech International during the 2nd quarter worth about $35,000. Employees Retirement System of Texas acquired a new stake in Logitech International during the 2nd quarter valued at approximately $63,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Logitech International by 139.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company's stock worth $82,000 after buying an additional 495 shares in the last quarter. Transamerica Financial Advisors Inc. raised its holdings in Logitech International by 115,300.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company's stock valued at $104,000 after acquiring an additional 1,153 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Logitech International by 2,036.8% during the 2nd quarter. Blue Trust Inc. now owns 1,453 shares of the technology company's stock worth $130,000 after acquiring an additional 1,385 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company's stock.

Insider Buying and Selling

In related news, Director Guy Gecht acquired 2,500 shares of the stock in a transaction on Thursday, October 24th. The stock was acquired 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 directly owns 18,503 shares of the company's stock, valued at approximately $1,500,963.36. This represents a 15.62 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by company insiders.

Logitech International Stock Performance

Shares of LOGI traded up $1.64 during trading hours on Friday, hitting $80.89. 284,732 shares of the company were exchanged, compared to its average volume of 532,905. Logitech International S.A. has a 52 week low of $74.72 and a 52 week high of $102.59. The firm's 50 day moving average is $83.20 and its 200-day moving average is $88.92. The company has a market cap of $12.79 billion, a PE ratio of 18.02, a PEG ratio of 1.84 and a beta of 0.81.

Logitech International Increases Dividend

The business 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. This represents a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 24th. This is a boost from Logitech International's previous annual dividend of $1.19.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LOGI. Loop Capital decreased 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. Barclays dropped their price objective on shares of Logitech International from $105.00 to $103.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 23rd. Wedbush reaffirmed a "neutral" rating and set a $88.00 target price on shares of Logitech International in a report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price objective on shares of 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, UBS Group raised shares of Logitech International from a "sell" rating to a "neutral" rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Logitech International presently has an average rating of "Hold" and an average price target 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.