Olympiad Research LP Grows Position in Logitech International S.A. (NASDAQ:LOGI)

Olympiad Research LP increased its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 4.0% in the third quarter, Holdings Channel.com reports. The firm owned 8,828 shares of the technology company’s stock after purchasing an additional 342 shares during the quarter. Olympiad Research LP’s holdings in Logitech International were worth $792,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in 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 buying an additional 255,828 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position 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 valued at $4,373,000 after buying an additional 21,106 shares during the period. Hsbc Holdings PLC boosted its position in 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 buying an additional 97,353 shares during the period. Assenagon Asset Management S.A. boosted its position in 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 buying an additional 798,759 shares during the period. Finally, Toronto Dominion Bank boosted its position in 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 buying an additional 60,536 shares during the period. 45.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Logitech International

In other news, Director Guy Gecht bought 2,500 shares of the firm’s stock in a transaction that occurred 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 acquisition, the director now directly owns 18,503 shares of the company’s stock, valued at $1,500,963.36. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is currently owned by company insiders.

Logitech International Stock Performance

Logitech International stock opened at $78.62 on Thursday. The stock has a 50-day moving average of $85.81 and a two-hundred day moving average of $89.25. Logitech International S.A. has a one year low of $74.72 and a one year high of $102.59. The stock has a market cap of $12.43 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81.

Logitech International Increases Dividend

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

Wall Street Analysts Forecast Growth

LOGI has been the subject of several research reports. Barclays lowered their price objective 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 reissued a “neutral” rating and set a $88.00 price objective on shares of Logitech International in a report on Wednesday, October 23rd. StockNews.com cut Logitech International from a “strong-buy” rating to a “buy” rating in a research 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 decreased their price objective on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Logitech International presently has an average rating of “Hold” and a consensus 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.