3,066 Shares in Logitech International S.A. (NASDAQ:LOGI) Purchased by World Investment Advisors

World Investment Advisors bought a new position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,066 shares of the technology company's stock, valued at approximately $259,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LOGI. Banque Transatlantique SA bought a new stake in Logitech International during the 4th quarter valued at $26,000. Bessemer Group Inc. increased its holdings in shares of Logitech International by 1,339.1% in the 4th quarter. Bessemer Group Inc. now owns 331 shares of the technology company's stock valued at $27,000 after acquiring an additional 308 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Logitech International by 975.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company's stock valued at $40,000 after acquiring an additional 439 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Logitech International in the 4th quarter valued at $49,000. Finally, Raiffeisen Bank International AG purchased a new position in shares of Logitech International in the 4th quarter valued at $59,000. 45.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LOGI has been the topic of a number of analyst reports. Citigroup lifted their price target on Logitech International from $85.00 to $100.00 and gave the company a "neutral" rating in a report on Friday. Bank of America upgraded Logitech International from an "underperform" rating to a "neutral" rating and dropped their target price for the stock from $90.00 to $73.00 in a research note on Friday, April 4th. Wedbush restated an "outperform" rating and set a $100.00 target price on shares of Logitech International in a research note on Wednesday, May 21st. Loop Capital dropped their target price on Logitech International from $97.00 to $78.00 and set a "hold" rating on the stock in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. dropped their target price on Logitech International from $96.00 to $80.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $87.86.

Logitech International Stock Performance

Shares of LOGI opened at $94.14 on Friday. The stock has a 50-day moving average of $86.54 and a two-hundred day moving average of $87.38. Logitech International S.A. has a one year low of $64.73 and a one year high of $105.65. The stock has a market cap of $15.02 billion, a P/E ratio of 22.68, a P/E/G ratio of 19.73 and a beta of 0.96.

Logitech International (NASDAQ:LOGI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.07. The company had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.03 billion. Logitech International had a return on equity of 30.40% and a net margin of 13.86%. The firm's revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 EPS. Analysts predict that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Logitech International Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Tuesday, September 23rd will be issued a $1.543 dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 23rd. This is a boost from Logitech International's previous annual dividend of $1.37.

About Logitech International

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.

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