Logitech International S.A. (NASDAQ:LOGI) Stock Holdings Lifted by Quantbot Technologies LP

Quantbot Technologies LP lifted its position in Logitech International S.A. (NASDAQ:LOGI) by 121.2% in the 3rd quarter, Holdings Channel reports. The fund owned 81,596 shares of the technology company’s stock after buying an additional 44,707 shares during the period. Quantbot Technologies LP’s holdings in Logitech International were worth $7,322,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its stake in Logitech International by 166.2% during 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 acquiring an additional 798,759 shares in the last quarter. Acadian Asset Management LLC grew its position in Logitech International by 7.4% during 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 purchasing an additional 457,630 shares in the last quarter. Marshall Wace LLP increased its stake in Logitech International by 57.3% in the 2nd quarter. Marshall Wace LLP now owns 450,897 shares of the technology company’s stock valued at $43,615,000 after buying an additional 164,307 shares during the period. Renaissance Technologies LLC lifted its position in Logitech International by 8.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,623,908 shares of the technology company’s stock worth $157,324,000 after buying an additional 120,000 shares in the last quarter. Finally, Achmea Investment Management B.V. boosted its stake in shares of Logitech International by 444.0% during the 2nd quarter. Achmea Investment Management B.V. now owns 130,634 shares of the technology company’s stock valued at $12,636,000 after buying an additional 106,622 shares during the period. Institutional investors and hedge funds own 45.76% of the company’s stock.

Insiders Place Their Bets

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 shares were acquired at an average cost of $81.12 per share, with a total value of $202,800.00. Following the completion of the transaction, the director now directly owns 18,503 shares in the company, valued at $1,500,963.36. This represents a 15.62 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

LOGI has been the topic of a number of research reports. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Barclays cut their price target on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Loop Capital lowered their price target 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. JPMorgan Chase & Co. cut their price objective on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, Wedbush reissued a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Logitech International has an average rating of “Hold” and an average target price of $93.00.

Logitech International Stock Up 2.7 %

Shares of Logitech International stock opened at $81.76 on Tuesday. 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 price of $83.72 and a two-hundred day moving average price of $89.12. The stock has a market capitalization of $12.93 billion, a P/E ratio of 18.21, a PEG ratio of 1.81 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. Stockholders of record on Tuesday, September 24th were given a $1.3687 dividend. This is an increase from Logitech International’s previous annual dividend of $1.19. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 24th.

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.