Ethic Inc. Has $576,000 Position in Logitech International S.A. (NASDAQ:LOGI)

Ethic Inc. reduced its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,760 shares of the technology company’s stock after selling 221 shares during the quarter. Ethic Inc.’s holdings in Logitech International were worth $576,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in LOGI. Acadian Asset Management LLC raised its stake in Logitech International by 38.2% during the first quarter. Acadian Asset Management LLC now owns 4,809,548 shares of the technology company’s stock worth $506,635,000 after acquiring an additional 1,329,092 shares in the last quarter. Barclays PLC raised its stake in Logitech International by 360.2% during the first quarter. Barclays PLC now owns 797,988 shares of the technology company’s stock worth $83,391,000 after acquiring an additional 624,575 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Logitech International by 2,065.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 506,260 shares of the technology company’s stock worth $53,140,000 after acquiring an additional 482,880 shares in the last quarter. BlackRock Inc. raised its stake in Logitech International by 12,749.7% during the first quarter. BlackRock Inc. now owns 304,923 shares of the technology company’s stock worth $31,865,000 after acquiring an additional 302,550 shares in the last quarter. Finally, TD Asset Management Inc. raised its stake in Logitech International by 702.1% during the first quarter. TD Asset Management Inc. now owns 304,479 shares of the technology company’s stock worth $32,074,000 after acquiring an additional 266,518 shares in the last quarter. Hedge funds and other institutional investors own 38.01% of the company’s stock.

Logitech International stock opened at $97.80 on Friday. The business’s 50-day simple moving average is $108.93 and its 200 day simple moving average is $111.92. The stock has a market cap of $16.33 billion, a price-to-earnings ratio of 15.83 and a beta of 0.81. Logitech International S.A. has a 12-month low of $69.71 and a 12-month high of $140.17.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Sunday, July 25th. The technology company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.54. Logitech International had a return on equity of 53.43% and a net margin of 18.40%. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Research analysts predict that Logitech International S.A. will post 4.53 earnings per share for the current fiscal year.

The business also recently announced an annual dividend, which will be paid on Wednesday, September 22nd. Shareholders of record on Tuesday, September 21st will be issued a dividend of $0.9481 per share. The ex-dividend date is Monday, September 20th. This represents a yield of 0.9%. This is a boost from Logitech International’s previous annual dividend of $0.87.

LOGI has been the subject of a number of research reports. Morgan Stanley lowered their target price on Logitech International from $126.00 to $119.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 28th. Wedbush restated a “neutral” rating and issued a $120.00 target price on shares of Logitech International in a research note on Wednesday, July 21st. The Goldman Sachs Group lowered Logitech International from a “buy” rating to a “neutral” rating in a research note on Thursday, June 24th. Zacks Investment Research lowered Logitech International from a “buy” rating to a “hold” rating and set a $129.00 target price for the company. in a research note on Wednesday, June 30th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Logitech International in a research note on Wednesday, July 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $122.88.

Logitech International Company Profile

Logitech International SA is a holding company, which engages in the design, manufacture, and marketing of peripherals for PCs, tablets, and other digital platforms. Its products include mice, keyboards, presentation remotes, headsets, and speakers. The firm offers solutions for healthy computing, wireless charging, streaming, virtual reality, rom home, schools, healthcare, and software and apps.

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Institutional Ownership by Quarter for Logitech International (NASDAQ:LOGI)

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