DekaBank Deutsche Girozentrale Purchases 27,638 Shares of Logitech International S.A. (NASDAQ:LOGI)

DekaBank Deutsche Girozentrale boosted its stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,311 shares of the technology company's stock after purchasing an additional 27,638 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.24% of Logitech International worth $33,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Exane Asset Management boosted its stake in shares of Logitech International by 162.6% in the first quarter. Exane Asset Management now owns 1,066 shares of the technology company's stock worth $85,000 after acquiring an additional 660 shares during the last quarter. Brown Advisory Inc. lifted its stake in Logitech International by 49.9% during the first quarter. Brown Advisory Inc. now owns 9,007 shares of the technology company's stock worth $760,000 after purchasing an additional 3,000 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Logitech International by 1.7% in the first quarter. Crossmark Global Holdings Inc. now owns 165,901 shares of the technology company's stock valued at $14,004,000 after buying an additional 2,807 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Logitech International by 8.9% during the first quarter. Envestnet Asset Management Inc. now owns 109,716 shares of the technology company's stock worth $9,261,000 after purchasing an additional 8,971 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Logitech International by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 353,147 shares of the technology company's stock worth $29,809,000 after acquiring an additional 2,050 shares during the period. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wedbush reaffirmed an "outperform" rating and set a $100.00 price objective on shares of Logitech International in a research note on Wednesday, May 21st. JPMorgan Chase & Co. cut their price target on Logitech International from $96.00 to $80.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Bank of America upgraded Logitech International from an "underperform" rating to a "neutral" rating and lowered their price target for the company from $90.00 to $73.00 in a research report on Friday, April 4th. 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 report on Tuesday, May 6th. Finally, Barclays reduced their price objective on Logitech International from $108.00 to $92.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Seven investment 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, the stock currently has an average rating of "Hold" and a consensus target price of $87.86.

Logitech International Stock Performance

Shares of LOGI stock traded down $0.81 during trading hours on Friday, hitting $94.14. The company had a trading volume of 428,375 shares, compared to its average volume of 640,199. Logitech International S.A. has a 12 month low of $64.73 and a 12 month high of $105.65. The firm has a market capitalization of $14.89 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 19.57 and a beta of 0.96. The firm's fifty day moving average is $86.54 and its 200 day moving average is $87.44.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its 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 return on equity of 30.40% and a net margin of 13.86%. The company had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same period last year, the firm earned $0.99 EPS. The business's revenue for the quarter was down .1% on a year-over-year basis. On average, sell-side analysts expect that Logitech International S.A. will post 4.21 EPS 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. Shareholders 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 positive change from Logitech International's previous annual dividend of $1.37. This represents a yield of 1.4%.

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.