Zurcher Kantonalbank Zurich Cantonalbank Increases Position in Logitech International S.A. (NASDAQ:LOGI)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 3.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,451,730 shares of the technology company's stock after buying an additional 89,788 shares during the quarter. Logitech International makes up 0.7% of Zurcher Kantonalbank Zurich Cantonalbank's holdings, making the stock its 19th largest holding. Zurcher Kantonalbank Zurich Cantonalbank owned 1.55% of Logitech International worth $219,611,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale grew its stake in Logitech International by 0.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 375,311 shares of the technology company's stock valued at $33,485,000 after acquiring an additional 2,097 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Logitech International by 17.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,078 shares of the technology company's stock valued at $186,000 after buying an additional 314 shares during the last quarter. Fulton Bank N.A. increased its stake in Logitech International by 74.1% in the 2nd quarter. Fulton Bank N.A. now owns 6,913 shares of the technology company's stock worth $670,000 after acquiring an additional 2,942 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Logitech International by 19.9% during the 2nd quarter. Park Avenue Securities LLC now owns 9,130 shares of the technology company's stock valued at $885,000 after acquiring an additional 1,516 shares during the last quarter. Finally, Syquant Capital Sas bought a new stake in Logitech International during the second quarter worth approximately $184,000. Hedge funds and other institutional investors own 45.76% of the company's stock.

Insider Activity

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wedbush restated a "neutral" rating and set a $88.00 price target on shares of Logitech International in a report on Wednesday, October 23rd. UBS Group upgraded shares of Logitech International from a "sell" rating to a "neutral" rating in a report on Wednesday, November 20th. Barclays dropped their price target 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. JPMorgan Chase & Co. decreased their price target on shares of Logitech International from $98.00 to $93.00 and set a "neutral" rating for the company in a research note on Wednesday, October 23rd. Finally, 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 report on Monday, October 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Logitech International has a consensus rating of "Hold" and a consensus target price of $93.00.

Logitech International Trading Down 2.2 %

Shares of LOGI traded down $1.76 during trading hours on Thursday, hitting $79.25. The company had a trading volume of 476,267 shares, compared to its average volume of 498,545. The company has a market capitalization of $12.53 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.86 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 company's fifty day moving average price is $83.47 and its two-hundred day moving average price is $89.03.

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 given a dividend of $1.3687 per share. This represents a dividend yield of 1.4%. This is a positive change from Logitech International's previous annual dividend of $1.19. The ex-dividend date was Tuesday, September 24th. Logitech International's dividend payout ratio is presently 11.63%.

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.