Plato Investment Management Ltd Acquires Shares of 12,139 Logitech International S.A. (NASDAQ:LOGI)

Plato Investment Management Ltd acquired a new stake in shares of Logitech International S.A. (NASDAQ:LOGI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,139 shares of the technology company’s stock, valued at approximately $1,086,000.

Several other institutional investors have also bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Logitech International by 6.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,206 shares of the technology company’s stock worth $200,000 after acquiring an additional 128 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of Logitech International by 5.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,339 shares of the technology company’s stock worth $210,000 after acquiring an additional 128 shares during the last quarter. First Citizens Bank & Trust Co. lifted its holdings in shares of Logitech International by 2.4% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 6,468 shares of the technology company’s stock worth $627,000 after acquiring an additional 153 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Logitech International by 0.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 65,450 shares of the technology company’s stock worth $6,331,000 after acquiring an additional 168 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in shares of Logitech International by 5.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,510 shares of the technology company’s stock worth $340,000 after acquiring an additional 194 shares during the last quarter. Institutional investors own 45.76% of the company’s stock.

Logitech International Stock Performance

NASDAQ LOGI opened at $78.24 on Friday. The company has a market capitalization of $12.37 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 1.75 and a beta of 0.81. The company’s 50-day simple moving average is $84.59 and its two-hundred day simple moving average is $89.17. 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 announced an annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th were given a dividend of $1.3687 per share. This is an increase from Logitech International’s previous annual dividend of $1.19. The ex-dividend date was Tuesday, September 24th. This represents a yield of 1.4%.

Insider Buying and Selling at Logitech International

In other news, Director Guy Gecht acquired 2,500 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were purchased at an average price of $81.12 per share, with a total value of $202,800.00. Following the transaction, the director now directly owns 18,503 shares in the company, valued at approximately $1,500,963.36. This represents a 15.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

LOGI has been the subject of several analyst reports. Barclays lowered their target price on shares of 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. lowered their target price on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Wedbush restated a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a report on Wednesday, October 23rd. Loop Capital reduced their price target on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Finally, StockNews.com downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.