14,481 Shares in Logitech International S.A. (NASDAQ:LOGI) Purchased by Summit Global Investments

Summit Global Investments purchased a new stake in Logitech International S.A. (NASDAQ:LOGI - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,481 shares of the technology company's stock, valued at approximately $1,299,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its holdings in shares of Logitech International by 86.4% during the 1st quarter. Russell Investments Group Ltd. now owns 552,038 shares of the technology company's stock worth $49,349,000 after purchasing an additional 255,828 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Logitech International by 76.1% in 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 during the period. Hsbc Holdings PLC raised its position in shares of Logitech International by 380.7% in the 2nd quarter. Hsbc Holdings PLC now owns 122,926 shares of the technology company's stock valued at $11,883,000 after purchasing an additional 97,353 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Logitech International by 166.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,279,414 shares of the technology company's stock valued at $123,759,000 after purchasing an additional 798,759 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Logitech International by 2,085.3% in the 2nd quarter. Toronto Dominion Bank now owns 63,439 shares of the technology company's stock valued at $6,146,000 after purchasing an additional 60,536 shares in the last quarter. Hedge funds and other 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 the firm's stock in a transaction dated Thursday, October 24th. The stock was bought at an average price of $81.12 per share, with a total value of $202,800.00. Following the completion of the purchase, the director now owns 18,503 shares in the company, valued at $1,500,963.36. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on LOGI. Barclays dropped their price target 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. JPMorgan Chase & Co. dropped their price target 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. StockNews.com lowered Logitech International from a "strong-buy" rating to a "buy" rating in a research report on Monday, July 22nd. Wedbush reissued a "neutral" rating and set a $88.00 price target on shares of Logitech International in a research report on Wednesday, October 23rd. Finally, Loop Capital dropped their price target on Logitech International from $88.00 to $81.00 and set a "hold" rating on the stock in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Logitech International has a consensus rating of "Hold" and a consensus price target of $93.00.

Logitech International Stock Performance

Shares of NASDAQ:LOGI traded down $1.71 on Friday, hitting $79.40. The company's stock had a trading volume of 494,456 shares, compared to its average volume of 922,614. Logitech International S.A. has a 12 month low of $74.72 and a 12 month high of $102.59. The company has a market capitalization of $12.56 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 1.81 and a beta of 0.81. The stock's 50-day moving average is $85.40 and its two-hundred day moving average is $89.20.

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 paid a $1.3687 dividend. This is a boost from Logitech International's previous annual dividend of $1.19. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a dividend yield of 1.4%.

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.