Azzad Asset Management Inc. ADV raised its holdings in Logitech International S.A. (NASDAQ:LOGI – Free Report) by 35.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,906 shares of the technology company’s stock after buying an additional 13,218 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Logitech International were worth $4,639,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Logitech International by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 6,682,756 shares of the technology company’s stock worth $678,420,000 after acquiring an additional 75,256 shares during the last quarter. Barclays PLC increased its holdings in Logitech International by 16.0% during the 4th quarter. Barclays PLC now owns 3,275,064 shares of the technology company’s stock worth $328,227,000 after purchasing an additional 451,357 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Logitech International by 43.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,991,627 shares of the technology company’s stock worth $304,151,000 after purchasing an additional 906,807 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Logitech International by 2.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,802,403 shares of the technology company’s stock worth $288,430,000 after purchasing an additional 74,702 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Logitech International by 7.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,727,701 shares of the technology company’s stock worth $297,504,000 after purchasing an additional 191,828 shares during the last quarter. 45.76% of the stock is owned by institutional investors.
Logitech International Price Performance
Shares of Logitech International stock opened at $101.67 on Friday. The firm has a market cap of $14.90 billion, a PE ratio of 21.18, a P/E/G ratio of 4.13 and a beta of 1.17. Logitech International S.A. has a 1 year low of $83.32 and a 1 year high of $129.66. The stock has a fifty day moving average price of $106.37 and a 200-day moving average price of $98.28.
Logitech International Cuts Dividend
The business also recently announced an annual dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 22nd will be paid a $1.36 dividend. This represents a yield of 126.0%. The ex-dividend date is Tuesday, September 22nd.
Analysts Set New Price Targets
Several brokerages recently issued reports on LOGI. Barclays lifted their target price on Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Wall Street Zen cut Logitech International from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Bank of America downgraded shares of Logitech International from a “neutral” rating to an “underperform” rating and set a $86.00 price objective on the stock. in a report on Tuesday, June 30th. Citigroup increased their target price on shares of Logitech International from $115.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, UBS Group lowered shares of Logitech International from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 17th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $109.57.
View Our Latest Analysis on LOGI
About Logitech International
Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.
The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.
Featured Articles
- Five stocks we like better than Logitech International
- PriceSmart Stock Eyes $220 as Chile Expansion Fuels Growth
- Dollar Tree’s Turnaround Is Starting to Take Root
- Why Levi’s Digital Strategy Is Paying Off in a Big Way
- Constellation Brands: Beer Growth and Buybacks Mask Stock’s Slump
Want to see what other hedge funds are holding LOGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Logitech International S.A. (NASDAQ:LOGI – Free Report).
Receive News & Ratings for Logitech International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Logitech International and related companies with MarketBeat.com's FREE daily email newsletter.
-logo-1200x675.png){kind=logo}
