Summit Global Investments Acquires New Shares in Logitech International S.A. (NASDAQ:LOGI)

Summit Global Investments bought a new position in shares of Logitech International S.A. (NASDAQ:LOGI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 14,481 shares of the technology company’s stock, valued at approximately $1,299,000.

Other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC boosted its stake in Logitech International by 32.7% during the 1st quarter. Acadian Asset Management LLC now owns 6,207,484 shares of the technology company’s stock worth $556,523,000 after acquiring an additional 1,527,984 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of 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. Russell Investments Group Ltd. increased its position 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 buying an additional 255,828 shares in the last quarter. Susquehanna International Securities Ltd. acquired a new stake in Logitech International during the 1st quarter worth $15,091,000. Finally, Marshall Wace LLP lifted its holdings in Logitech International by 57.3% during the second quarter. Marshall Wace LLP now owns 450,897 shares of the technology company’s stock worth $43,615,000 after acquiring an additional 164,307 shares in the last quarter. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LOGI. JPMorgan Chase & Co. dropped their price target on Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Barclays cut their price target on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. StockNews.com downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 22nd. Loop Capital cut their price objective on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Finally, Wedbush reiterated a “neutral” rating and set a $88.00 target price on shares of Logitech International in a report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $93.00.

Insider Buying and Selling

In other Logitech International news, Director Guy Gecht purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were acquired at an average price of $81.12 per share, for a total transaction of $202,800.00. Following the purchase, the director now owns 18,503 shares in the company, valued at approximately $1,500,963.36. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.16% of the stock is currently owned by corporate insiders.

Logitech International Trading Down 2.1 %

NASDAQ LOGI opened at $79.40 on Friday. Logitech International S.A. has a 12 month low of $74.72 and a 12 month high of $102.59. The stock has a 50 day moving average of $85.40 and a 200-day moving average of $89.20. The company has a market cap of $12.56 billion, a PE ratio of 17.68, a PEG ratio of 1.81 and a beta of 0.81.

Logitech International Increases Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th were paid a $1.3687 dividend. 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 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.