Logitech International S.A. (NASDAQ:LOGI) Position Increased by Quantbot Technologies LP

Quantbot Technologies LP lifted its holdings in Logitech International S.A. (NASDAQ:LOGI) by 121.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 81,596 shares of the technology company’s stock after buying an additional 44,707 shares during the quarter. Quantbot Technologies LP owned approximately 0.05% of Logitech International worth $7,322,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. The Manufacturers Life Insurance Company boosted its position in Logitech International by 0.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 67,199 shares of the technology company’s stock valued at $6,041,000 after purchasing an additional 392 shares during the period. Cerity Partners LLC boosted its holdings in shares of Logitech International by 63.4% during the third quarter. Cerity Partners LLC now owns 5,125 shares of the technology company’s stock valued at $460,000 after acquiring an additional 1,989 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Logitech International by 8.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 16,211 shares of the technology company’s stock valued at $1,455,000 after acquiring an additional 1,206 shares during the period. Banco Santander S.A. bought a new position in shares of Logitech International during the third quarter worth about $485,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Logitech International in the 3rd quarter worth about $2,372,000. 45.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Guy Gecht acquired 2,500 shares of Logitech International stock in a transaction dated Thursday, October 24th. The stock was acquired at an average cost of $81.12 per share, with a total value of $202,800.00. Following the purchase, the director now directly owns 18,503 shares in the company, valued at $1,500,963.36. The trade was a 15.62 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on LOGI. Loop Capital decreased their target price on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, October 28th. Barclays decreased their price objective on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their target price on Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Finally, Wedbush restated a “neutral” rating and set a $88.00 price objective on shares of Logitech International in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $93.00.

Logitech International Stock Performance

LOGI opened at $81.76 on Tuesday. The company has a market capitalization of $12.93 billion, a PE ratio of 18.21, a P/E/G ratio of 1.81 and a beta of 0.81. The stock’s fifty day moving average is $83.72 and its 200-day moving average is $89.12. Logitech International S.A. has a one year low of $74.72 and a one year high of $102.59.

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 issued a $1.3687 dividend. This represents a yield of 1.4%. This is an increase from Logitech International’s previous annual dividend of $1.19. The ex-dividend date was Tuesday, September 24th.

Logitech International 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.