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

Allspring Global Investments Holdings LLC lessened its position in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 39.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Banque Transatlantique SA bought a new position in shares of Logitech International in the fourth quarter worth about $26,000. Bessemer Group Inc. grew its holdings in 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 buying an additional 308 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Logitech International by 975.6% in the 4th 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 period. Pilgrim Partners Asia Pte Ltd bought a new position in Logitech International in the 4th quarter worth approximately $49,000. Finally, Raiffeisen Bank International AG bought a new position in Logitech International in the 4th quarter worth approximately $59,000. Institutional investors and hedge funds own 45.76% of the company's stock.

Wall Street Analysts Forecast Growth

LOGI has been the topic of several recent analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $100.00 price target on shares of Logitech International in a research report on Wednesday, May 21st. UBS Group raised shares of Logitech International from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 7th. Loop Capital decreased their target price 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. JPMorgan Chase & Co. lowered their price target 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. Finally, Citigroup raised their price objective on Logitech International from $85.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Logitech International has a consensus rating of "Hold" and a consensus price target of $87.86.

Logitech International Price Performance

Shares of Logitech International stock traded down $0.81 during trading on Friday, hitting $94.14. 428,375 shares of the company's stock traded hands, compared to its average volume of 638,559. The firm's fifty day moving average price is $86.22 and its 200 day moving average price is $87.30. Logitech International S.A. has a twelve month low of $64.73 and a twelve month high of $105.65. The company has a market cap of $14.94 billion, a PE ratio of 22.68, a PEG ratio of 19.63 and a beta of 0.96.

Logitech International (NASDAQ:LOGI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The technology company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.07. Logitech International had a net margin of 13.86% and a return on equity of 30.40%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business earned $0.99 EPS. The firm's revenue was down .1% on a year-over-year basis. As a group, equities research analysts anticipate that Logitech International S.A. will post 4.21 earnings per share for the current year.

Logitech International Increases Dividend

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

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.