DekaBank Deutsche Girozentrale Sells 25,145 Shares of Logitech International S.A. (NASDAQ:LOGI)

DekaBank Deutsche Girozentrale lessened its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 6.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 350,166 shares of the technology company’s stock after selling 25,145 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Logitech International were worth $34,529,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC boosted its position in Logitech International by 7.4% during the second quarter. Acadian Asset Management LLC now owns 6,665,114 shares of the technology company’s stock worth $644,642,000 after purchasing an additional 457,630 shares during the period. Vanguard Group Inc. grew its stake in Logitech International by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 6,159,041 shares of the technology company’s stock valued at $585,478,000 after buying an additional 84,179 shares during the last quarter. Norges Bank bought a new position in Logitech International in the 4th quarter worth $214,130,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Logitech International by 20.1% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,837,505 shares of the technology company’s stock worth $174,162,000 after acquiring an additional 306,948 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Logitech International by 166.2% during the second quarter. Assenagon Asset Management S.A. now owns 1,279,414 shares of the technology company’s stock valued at $123,759,000 after acquiring an additional 798,759 shares during the period. 45.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

LOGI has been the topic of several research analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a research report on Tuesday, July 16th. StockNews.com lowered Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. Loop Capital increased their price objective on Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th. Finally, Barclays upped their target price on shares of Logitech International from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Two research 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $93.14.

Logitech International Price Performance

Shares of LOGI stock opened at $86.07 on Friday. Logitech International S.A. has a one year low of $65.31 and a one year high of $102.59. The stock has a fifty day moving average price of $88.99 and a 200 day moving average price of $89.93. The stock has a market cap of $13.61 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 2.45 and a beta of 0.79.

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

Logitech International Increases Dividend

The business also recently announced an annual dividend, which will be paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th will be given a dividend of $1.3687 per share. This represents a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 24th. This is an increase from Logitech International’s previous annual dividend of $1.19.

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.