Bank Julius Baer & Co. Ltd Zurich Has $56.60 Million Stake in Logitech International S.A. (NASDAQ:LOGI)

Bank Julius Baer & Co. Ltd Zurich trimmed its holdings in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 10.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 669,751 shares of the technology company's stock after selling 78,829 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.42% of Logitech International worth $56,599,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LOGI. Wealth Enhancement Advisory Services LLC raised its stake in shares of Logitech International by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,161 shares of the technology company's stock valued at $507,000 after acquiring an additional 120 shares during the last quarter. Freedom Investment Management Inc. raised its stake in shares of Logitech International by 4.1% in the fourth quarter. Freedom Investment Management Inc. now owns 3,444 shares of the technology company's stock valued at $284,000 after acquiring an additional 136 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Logitech International by 7.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,243 shares of the technology company's stock valued at $267,000 after acquiring an additional 230 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Logitech International by 20.5% in the first quarter. Parallel Advisors LLC now owns 1,425 shares of the technology company's stock valued at $121,000 after acquiring an additional 242 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Logitech International by 12.8% in the first quarter. Blue Trust Inc. now owns 2,364 shares of the technology company's stock valued at $200,000 after acquiring an additional 269 shares during the last quarter. 45.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on LOGI. Citigroup boosted their price objective on shares of Logitech International from $85.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, July 11th. Loop Capital dropped their target price on shares of Logitech International from $97.00 to $78.00 and set a "hold" rating for the company in a research report on Tuesday, May 6th. UBS Group upgraded shares of Logitech International from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 7th. Wedbush reissued an "outperform" rating and issued a $100.00 price target on shares of Logitech International in a report on Wednesday, May 21st. Finally, Bank of America raised shares of Logitech International from an "underperform" rating to a "neutral" rating and decreased their price target for the company from $90.00 to $73.00 in a report on Friday, April 4th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $91.29.

Logitech International Trading Up 0.1%

Shares of NASDAQ LOGI traded up $0.12 during mid-day trading on Tuesday, hitting $95.22. The company had a trading volume of 81,324 shares, compared to its average volume of 632,594. The company has a market capitalization of $15.14 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 19.89 and a beta of 0.96. The firm has a 50-day simple moving average of $88.14 and a two-hundred day simple moving average of $87.87. 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 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. 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 during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business posted $0.99 EPS. Logitech International's revenue was down .1% on a year-over-year basis. Sell-side analysts expect that Logitech International S.A. will post 4.21 earnings per share for the current fiscal year.

Logitech International Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Tuesday, September 23rd will be issued a dividend of $1.543 per share. 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. This represents a dividend 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.

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