Banque Pictet & Cie SA Grows Position in Logitech International S.A. (NASDAQ:LOGI)

Banque Pictet & Cie SA increased its position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 441.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,223 shares of the technology company's stock after purchasing an additional 16,486 shares during the period. Banque Pictet & Cie SA's holdings in Logitech International were worth $1,690,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LOGI. Wealth Enhancement Advisory Services LLC grew its stake in shares of Logitech International by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,161 shares of the technology company's stock worth $507,000 after buying an additional 120 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Logitech International by 2.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,556 shares of the technology company's stock worth $458,000 after acquiring an additional 127 shares during the last quarter. Freedom Investment Management Inc. lifted its holdings in shares of Logitech International by 4.1% in the 4th quarter. Freedom Investment Management Inc. now owns 3,444 shares of the technology company's stock worth $284,000 after acquiring an additional 136 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Logitech International by 16.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the technology company's stock worth $123,000 after acquiring an additional 213 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Logitech International by 7.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,243 shares of the technology company's stock worth $267,000 after acquiring an additional 230 shares during the last quarter. 45.76% of the stock is currently owned by institutional investors.

Logitech International Price Performance

Shares of NASDAQ:LOGI traded down $0.49 during trading hours on Friday, hitting $94.47. The company's stock had a trading volume of 199,538 shares, compared to its average volume of 637,688. Logitech International S.A. has a 52 week low of $64.73 and a 52 week high of $105.65. The company has a market capitalization of $14.94 billion, a price-to-earnings ratio of 22.76, a P/E/G ratio of 19.63 and a beta of 0.96. The firm's fifty day moving average price is $86.22 and its 200 day moving average price is $87.30.

Logitech International (NASDAQ:LOGI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The technology company reported $0.93 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 analyst estimates of $1.03 billion. During the same quarter in the previous year, the business posted $0.99 EPS. The company's quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts predict that Logitech International S.A. will post 4.21 earnings per share for the current fiscal year.

Logitech International Increases Dividend

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

Analysts Set New Price Targets

LOGI has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Logitech International from $96.00 to $80.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. UBS Group upgraded shares of Logitech International from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Bank of America upgraded shares of Logitech International from an "underperform" rating to a "neutral" rating and decreased their price objective for the company from $90.00 to $73.00 in a report on Friday, April 4th. Citigroup decreased their price objective on shares of Logitech International from $105.00 to $75.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Barclays decreased their price objective on shares of Logitech International from $108.00 to $92.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $84.29.

Logitech International Company 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.