Allspring Global Investments Holdings LLC Has $361,000 Stock Holdings in Logitech International S.A. (NASDAQ:LOGI)

Allspring Global Investments Holdings LLC decreased its stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 39.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,322 shares of the technology company's stock after selling 2,846 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Logitech International were worth $361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LOGI. Banque Transatlantique SA acquired a new position in Logitech International during the fourth quarter worth approximately $26,000. Bessemer Group Inc. increased its position in Logitech International by 1,339.1% during the fourth quarter. Bessemer Group Inc. now owns 331 shares of the technology company's stock worth $27,000 after buying an additional 308 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Logitech International by 975.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company's stock worth $40,000 after buying an additional 439 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Logitech International during the fourth quarter worth approximately $49,000. Finally, Raiffeisen Bank International AG acquired a new position in Logitech International during the fourth quarter worth approximately $59,000. Institutional investors own 45.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Loop Capital lowered their price target on Logitech International from $97.00 to $78.00 and set a "hold" rating on the stock in a research report on Tuesday, May 6th. Bank of America raised Logitech International from an "underperform" rating to a "neutral" rating and decreased their target price for the company from $90.00 to $73.00 in a research report on Friday, April 4th. Citigroup upped their target price on Logitech International from $85.00 to $100.00 and gave the company a "neutral" rating in a research report on Friday. UBS Group raised Logitech International from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. decreased their target price on Logitech International from $96.00 to $80.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Logitech International currently has an average rating of "Hold" and a consensus price target of $87.86.

Logitech International Stock Performance

Shares of LOGI stock traded down $0.58 during trading on Monday, hitting $93.56. The company had a trading volume of 338,578 shares, compared to its average volume of 638,992. The firm has a market capitalization of $14.89 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 19.57 and a beta of 0.96. The stock's 50-day moving average price is $86.54 and its 200 day moving average price is $87.44. Logitech International S.A. has a one year low of $64.73 and a one year high of $105.65.

Logitech International (NASDAQ:LOGI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. The business 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 for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 earnings per share. On average, research analysts anticipate that Logitech International S.A. will post 4.21 earnings per share for the current fiscal year.

Logitech International Increases Dividend

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

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.