Teachers Retirement System of The State of Kentucky Boosts Holdings in Logitech International S.A. (NASDAQ:LOGI)

Teachers Retirement System of The State of Kentucky increased its holdings in Logitech International S.A. (NASDAQ:LOGI) by 21.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,170 shares of the technology company’s stock after buying an additional 7,400 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Logitech International were worth $3,989,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in Logitech International during the second quarter valued at approximately $35,000. Mather Group LLC. purchased a new position in Logitech International during the first quarter valued at approximately $42,000. Employees Retirement System of Texas purchased a new position in Logitech International during the second quarter valued at approximately $63,000. Benjamin F. Edwards & Company Inc. lifted its holdings in Logitech International by 139.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock valued at $82,000 after purchasing an additional 495 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Logitech International by 2,036.8% during the second quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock valued at $130,000 after purchasing an additional 1,385 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wedbush reissued a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a report on Tuesday, July 16th. Barclays upped their target price on shares of Logitech International from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. StockNews.com downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. Finally, Loop Capital increased their price objective on shares of Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $93.14.

Logitech International Stock Down 0.1 %

LOGI stock opened at $86.54 on Thursday. The firm’s fifty day simple moving average is $87.87 and its two-hundred day simple moving average is $89.67. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 2.52 and a beta of 0.79. Logitech International S.A. has a twelve month low of $67.82 and a twelve month high of $102.59.

Logitech International (NASDAQ:LOGI) last announced its earnings results on Monday, July 22nd. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.20. Logitech International had a return on equity of 30.51% and a net margin of 15.67%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.03 billion. As a group, equities research analysts expect that Logitech International S.A. will post 3.96 EPS for the current year.

Logitech International Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th were given a $1.3687 dividend. This represents a yield of 1.4%. The ex-dividend date was Tuesday, September 24th. This is an increase from Logitech International’s previous annual dividend of $1.19. Logitech International’s dividend payout ratio is 13.49%.

Logitech International 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.