Caisse DE Depot ET Placement DU Quebec Increases Stake in Logitech International S.A. (NASDAQ:LOGI)

Caisse DE Depot ET Placement DU Quebec lifted its stake in Logitech International S.A. (NASDAQ:LOGI) by 1.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,097,951 shares of the technology company’s stock after buying an additional 19,046 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.69% of Logitech International worth $98,348,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in Logitech International by 6.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,206 shares of the technology company’s stock worth $200,000 after purchasing an additional 128 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of Logitech International by 5.8% in the third quarter. Rosenberg Matthew Hamilton now owns 2,339 shares of the technology company’s stock worth $210,000 after buying an additional 128 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in Logitech International by 2.4% during the second quarter. First Citizens Bank & Trust Co. now owns 6,468 shares of the technology company’s stock valued at $627,000 after buying an additional 153 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in Logitech International by 0.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 65,450 shares of the technology company’s stock valued at $6,331,000 after buying an additional 168 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its stake in Logitech International by 5.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 3,510 shares of the technology company’s stock worth $340,000 after acquiring an additional 194 shares during the last quarter. Institutional investors own 45.76% of the company’s stock.

Logitech International Stock Up 2.1 %

Shares of NASDAQ LOGI opened at $80.89 on Friday. Logitech International S.A. has a twelve month low of $74.72 and a twelve month high of $102.59. The business has a fifty day simple moving average of $83.20 and a two-hundred day simple moving average of $88.92. The firm has a market cap of $12.79 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81.

Logitech International Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. cut their target price on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Wedbush reissued a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a research note on Wednesday, October 23rd. Barclays decreased their target price on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Loop Capital reduced their price objective on Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Finally, UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $93.00.

Insiders Place Their Bets

In related news, Director Guy Gecht bought 2,500 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were acquired at an average price of $81.12 per share, with a total value of $202,800.00. Following the transaction, the director now owns 18,503 shares of the company’s stock, valued at $1,500,963.36. The trade was a 15.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is owned by company insiders.

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.