Plato Investment Management Ltd Invests $1.09 Million in Logitech International S.A. (NASDAQ:LOGI)

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

A number of other institutional investors and hedge funds have also recently modified their holdings of LOGI. Acadian Asset Management LLC boosted its stake in Logitech International by 32.7% in the 1st quarter. Acadian Asset Management LLC now owns 6,207,484 shares of the technology company’s stock worth $556,523,000 after purchasing an additional 1,527,984 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in 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 worth $123,759,000 after purchasing an additional 798,759 shares in the last quarter. Marshall Wace LLP boosted 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 worth $43,615,000 after purchasing an additional 164,307 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Logitech International by 99.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 289,337 shares of the technology company’s stock worth $25,943,000 after purchasing an additional 144,262 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake 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 purchasing an additional 120,000 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. 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 research note on Wednesday, October 23rd. Loop Capital decreased their price objective on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Barclays decreased their price objective on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. 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. Finally, StockNews.com cut shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Logitech International presently has an average rating of “Hold” and a consensus price target of $93.00.

Logitech International Price Performance

LOGI opened at $78.24 on Friday. The firm has a fifty day moving average price of $84.59 and a 200 day moving average price of $89.17. Logitech International S.A. has a 1 year low of $74.72 and a 1 year high of $102.59. The stock has a market cap of $12.37 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.75 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 a boost from Logitech International’s previous annual dividend of $1.19. This represents a dividend yield of 1.4%. The ex-dividend date was Tuesday, September 24th.

Insider Activity at Logitech International

In related news, Director Guy Gecht purchased 2,500 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average price of $81.12 per share, with a total value of $202,800.00. Following the acquisition, the director now owns 18,503 shares in the company, valued at $1,500,963.36. The trade was a 15.62 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.16% of the company’s stock.

Logitech International Company 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.