Logitech International S.A. $LOGI Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its stake in Logitech International S.A. (NASDAQ:LOGIFree Report) by 26.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,072,508 shares of the technology company’s stock after buying an additional 435,000 shares during the period. Renaissance Technologies LLC’s holdings in Logitech International were worth $188,847,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA raised its stake in shares of Logitech International by 8.7% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 260,162 shares of the technology company’s stock valued at $26,777,000 after acquiring an additional 20,866 shares during the period. Willis Investment Counsel boosted its position in shares of Logitech International by 40.0% during the 4th quarter. Willis Investment Counsel now owns 42,747 shares of the technology company’s stock worth $4,284,000 after purchasing an additional 12,221 shares during the period. QRG Capital Management Inc. increased its holdings in Logitech International by 65.4% in the 4th quarter. QRG Capital Management Inc. now owns 32,532 shares of the technology company’s stock valued at $3,260,000 after purchasing an additional 12,864 shares during the last quarter. Plato Investment Management Ltd raised its position in Logitech International by 65.7% in the fourth quarter. Plato Investment Management Ltd now owns 44,871 shares of the technology company’s stock valued at $4,640,000 after purchasing an additional 17,796 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Logitech International by 2.7% during 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 in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International Trading Up 2.8%

Logitech International stock opened at $105.78 on Friday. The stock has a market cap of $15.51 billion, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 4.31 and a beta of 1.17. The company has a fifty day simple moving average of $106.15 and a 200-day simple moving average of $98.27. Logitech International S.A. has a 12-month low of $83.32 and a 12-month high of $129.66.

Logitech International (NASDAQ:LOGIGet Free Report) last issued its earnings results on Tuesday, May 5th. The technology company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Logitech International had a net margin of 14.69% and a return on equity of 34.09%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Logitech International S.A. will post 5.21 earnings per share for the current fiscal year.

Logitech International Cuts Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Tuesday, September 22nd will be given a dividend of $1.36 per share. This represents a dividend yield of 126.0%. The ex-dividend date of this dividend is Tuesday, September 22nd. Logitech International’s dividend payout ratio (DPR) is 10.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LOGI shares. Wall Street Zen cut Logitech International from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Barclays raised their price objective on shares of Logitech International from $98.00 to $105.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Bank of America lowered shares of Logitech International from a “neutral” rating to an “underperform” rating and set a $86.00 target price on the stock. in a report on Tuesday, June 30th. Morgan Stanley lowered their target price on Logitech International from $89.00 to $88.00 and set an “underweight” rating for the company in a research note on Wednesday, July 8th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $135.00 price target on shares of Logitech International in a research report on Wednesday. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Logitech International currently has an average rating of “Hold” and a consensus target price of $109.57.

View Our Latest Stock Report on LOGI

Logitech International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Logitech International (NASDAQ:LOGI)

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