Rosenberg Matthew Hamilton raised its holdings in shares of Logitech International S.A. (NASDAQ:LOGI – Free Report) by 5.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,339 shares of the technology company’s stock after acquiring an additional 128 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Logitech International were worth $210,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of LOGI. Russell Investments Group Ltd. lifted its stake in shares of Logitech International by 86.4% in the 1st quarter. Russell Investments Group Ltd. now owns 552,038 shares of the technology company’s stock valued at $49,349,000 after purchasing an additional 255,828 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in Logitech International by 76.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 48,841 shares of the technology company’s stock worth $4,373,000 after buying an additional 21,106 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Logitech International by 380.7% during the second quarter. Hsbc Holdings PLC now owns 122,926 shares of the technology company’s stock worth $11,883,000 after buying an additional 97,353 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Logitech International by 166.2% in the second quarter. Assenagon Asset Management S.A. now owns 1,279,414 shares of the technology company’s stock valued at $123,759,000 after acquiring an additional 798,759 shares during the period. Finally, Toronto Dominion Bank boosted its position in shares of Logitech International by 2,085.3% during the second quarter. Toronto Dominion Bank now owns 63,439 shares of the technology company’s stock valued at $6,146,000 after buying an additional 60,536 shares during the period. Institutional investors own 45.76% of the company’s stock.
Insider Activity at Logitech International
In other news, Director Guy Gecht purchased 2,500 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were purchased at an average cost of $81.12 per share, with a total value of $202,800.00. Following the completion of the acquisition, the director now owns 18,503 shares of the company’s stock, valued at approximately $1,500,963.36. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is owned by company insiders.
Logitech International Price Performance
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 given a dividend of $1.3687 per share. This is an increase from Logitech International’s previous annual dividend of $1.19. This represents a yield of 1.4%. The ex-dividend date was Tuesday, September 24th. Logitech International’s dividend payout ratio (DPR) is currently 11.63%.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on LOGI. Barclays lowered 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 report on Wednesday, October 23rd. Wedbush restated a “neutral” rating and set a $88.00 target price on shares of Logitech International in a report on Wednesday, October 23rd. StockNews.com downgraded Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. reduced their price target on Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Loop Capital dropped their price objective on Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Logitech International has a consensus rating of “Hold” and a consensus target price of $93.00.
Read Our Latest Analysis on Logitech International
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.
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