Kapitalo Investimentos Ltda Makes New $286,000 Investment in Logitech International S.A. (NASDAQ:LOGI)

Kapitalo Investimentos Ltda bought a new stake in shares of Logitech International S.A. (NASDAQ:LOGI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,186 shares of the technology company’s stock, valued at approximately $286,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of Logitech International in the 2nd quarter worth $35,000. Mather Group LLC. purchased a new position in Logitech International in the first quarter worth about $42,000. Employees Retirement System of Texas bought a new stake in Logitech International during the second quarter worth approximately $63,000. Benjamin F. Edwards & Company Inc. raised its position 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 during the period. Finally, Blue Trust Inc. raised its position 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 during the period. 45.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Logitech International Price Performance

Shares of LOGI opened at $87.41 on Wednesday. The firm has a market capitalization of $13.82 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.47 and a beta of 0.79. Logitech International S.A. has a 1-year low of $67.82 and a 1-year high of $102.59. The company has a 50-day moving average of $87.53 and a 200 day moving average of $89.41.

Logitech International (NASDAQ:LOGI) last posted its quarterly 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 firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.03 billion. On average, equities analysts anticipate that Logitech International S.A. will post 3.96 earnings per share for the current fiscal year.

Logitech International Increases Dividend

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