Blueshift Asset Management LLC Takes $269,000 Position in Logitech International S.A. (NASDAQ:LOGI)

Blueshift Asset Management LLC bought a new position in Logitech International S.A. (NASDAQ:LOGI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,996 shares of the technology company’s stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC purchased a new position in Logitech International in the 2nd quarter worth about $35,000. Employees Retirement System of Texas purchased a new stake in shares of Logitech International in the 2nd quarter valued at approximately $63,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Logitech International by 139.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock valued at $82,000 after acquiring an additional 495 shares in the last quarter. Transamerica Financial Advisors Inc. grew its position in Logitech International by 115,300.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock worth $104,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Blue Trust Inc. raised its stake 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 valued at $130,000 after purchasing an additional 1,385 shares during the period. 45.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Guy Gecht bought 2,500 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was purchased at an average price of $81.12 per share, with a total value of $202,800.00. Following the completion of the transaction, the director now directly owns 18,503 shares of the company’s stock, valued at $1,500,963.36. This trade represents a 15.62 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.16% of the stock is currently owned by insiders.

Logitech International Trading Down 2.2 %

Shares of NASDAQ:LOGI opened at $79.25 on Friday. The stock has a market capitalization of $12.53 billion, a PE ratio of 17.65, a P/E/G ratio of 1.86 and a beta of 0.81. Logitech International S.A. has a 1 year low of $74.72 and a 1 year high of $102.59. The firm has a fifty day moving average price of $83.47 and a 200 day moving average price of $89.03.

Logitech International Increases Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 24th were paid a dividend of $1.3687 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 24th. This is an increase from Logitech International’s previous annual dividend of $1.19. Logitech International’s dividend payout ratio is 11.63%.

Analyst Ratings Changes

Several brokerages have recently commented on LOGI. Barclays decreased their target price on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Loop Capital lowered their target price on Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. lowered 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, Wedbush reiterated a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a research report on Wednesday, October 23rd. 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.