LMR Partners LLP reduced its position in shares of Logitech International SA (NASDAQ:LOGI) by 39.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,092 shares of the company’s stock after selling 16,002 shares during the period. LMR Partners LLP’s holdings in Logitech International SA were worth $390,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in LOGI. Renaissance Technologies LLC increased its position in Logitech International SA by 51.4% in the first quarter. Renaissance Technologies LLC now owns 2,151,525 shares of the company’s stock worth $34,231,000 after buying an additional 730,553 shares during the period. AXA increased its position in Logitech International SA by 81.8% in the first quarter. AXA now owns 100,000 shares of the company’s stock worth $1,598,000 after buying an additional 45,000 shares during the period. Bank of Montreal Can purchased a new position in Logitech International SA during the second quarter worth $192,000. Edmond DE Rothschild Holding S.A. increased its position in Logitech International SA by 154.6% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 9,880 shares of the company’s stock worth $157,000 after buying an additional 6,000 shares during the period. Finally, Landscape Capital Management L.L.C. purchased a new position in Logitech International SA during the first quarter worth $402,000. 33.78% of the stock is currently owned by institutional investors.
Shares of Logitech International SA (NASDAQ:LOGI) traded down 1.70% during mid-day trading on Thursday, hitting $22.00. The stock had a trading volume of 458,067 shares. Logitech International SA has a 52-week low of $13.25 and a 52-week high of $23.72. The firm has a market cap of $3.56 billion, a PE ratio of 27.50 and a beta of 0.84. The stock’s 50-day moving average price is $22.05 and its 200-day moving average price is $18.07.
Logitech International SA (NASDAQ:LOGI) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.07. Logitech International SA had a return on equity of 18.58% and a net margin of 6.46%. On average, analysts anticipate that Logitech International SA will post $1.09 earnings per share for the current fiscal year.
The business also recently disclosed an annual dividend, which was paid on Tuesday, September 27th. Stockholders of record on Monday, September 26th were issued a $0.5774 dividend. The ex-dividend date of this dividend was Thursday, September 22nd. This is an increase from Logitech International SA’s previous annual dividend of $0.52. Logitech International SA’s payout ratio is currently 71.25%.
A number of research analysts recently weighed in on LOGI shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $22.75 price target (up from $18.00) on shares of Logitech International SA in a research note on Wednesday, August 3rd. Morgan Stanley raised Logitech International SA from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, August 10th. Zacks Investment Research downgraded Logitech International SA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Finally, JPMorgan Chase & Co. reaffirmed a “sell” rating and set a $13.50 price target on shares of Logitech International SA in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Logitech International SA has a consensus rating of “Hold” and an average target price of $18.44.
In other news, CFO Vincent Pilette sold 100,000 shares of Logitech International SA stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $19.93, for a total value of $1,993,000.00. Following the transaction, the chief financial officer now owns 518,492 shares in the company, valued at $10,333,545.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP L Joseph Sullivan sold 22,500 shares of Logitech International SA stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $21.75, for a total value of $489,375.00. Following the completion of the transaction, the vice president now owns 213,161 shares in the company, valued at approximately $4,636,251.75. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.
Logitech International SA Company Profile
Logitech International SA (Logitech) is a Switzerland-based company that, together with its subsidiaries, develops and markets hardware and software products that enable or enhance digital navigation, music and video entertainment, gaming, social networking, and audio and video communication over the Internet.
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