UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $364.57 Million Position in Logitech International S.A. (NASDAQ:LOGI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Logitech International S.A. (NASDAQ:LOGI) by 15.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,062,988 shares of the technology company’s stock after selling 730,620 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 2.57% of Logitech International worth $364,572,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Acadian Asset Management LLC lifted its holdings in Logitech International by 7.4% in the second quarter. Acadian Asset Management LLC now owns 6,665,114 shares of the technology company’s stock valued at $644,642,000 after buying an additional 457,630 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Logitech International by 3.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company’s stock worth $219,611,000 after purchasing an additional 89,788 shares during the period. Renaissance Technologies LLC raised its holdings in Logitech International by 8.0% in the second quarter. Renaissance Technologies LLC now owns 1,623,908 shares of the technology company’s stock worth $157,324,000 after purchasing an additional 120,000 shares during the period. Assenagon Asset Management S.A. raised its holdings in Logitech International by 166.2% in the second quarter. Assenagon Asset Management S.A. now owns 1,279,414 shares of the technology company’s stock worth $123,759,000 after purchasing an additional 798,759 shares during the period. Finally, Jupiter Asset Management Ltd. raised its holdings in Logitech International by 6.7% in the second quarter. Jupiter Asset Management Ltd. now owns 601,826 shares of the technology company’s stock worth $58,214,000 after purchasing an additional 37,852 shares during the period. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity at Logitech International

In other Logitech International 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 acquired 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 owns 18,503 shares in the company, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by insiders.

Logitech International Stock Down 2.2 %

Shares of LOGI stock opened at $79.25 on Friday. The company has a market capitalization of $12.53 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 1.80 and a beta of 0.81. Logitech International S.A. has a 12-month low of $74.72 and a 12-month high of $102.59. The firm has a fifty day moving average of $83.47 and a 200-day moving average of $89.03.

Logitech International Increases Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th were given a $1.3687 dividend. The ex-dividend date was Tuesday, September 24th. This represents a yield of 1.4%. This is an increase from Logitech International’s previous annual dividend of $1.19.

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.