Logitech International S.A. (NASDAQ:LOGI) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its stake in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 7.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 375,311 shares of the technology company's stock after purchasing an additional 27,638 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.24% of Logitech International worth $33,515,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Banque Transatlantique SA bought a new position in shares of Logitech International during the 4th quarter valued at approximately $26,000. Bessemer Group Inc. increased its position in shares of Logitech International by 1,339.1% during the 4th quarter. Bessemer Group Inc. now owns 331 shares of the technology company's stock valued at $27,000 after purchasing an additional 308 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Logitech International by 975.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company's stock valued at $40,000 after purchasing an additional 439 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Logitech International during the 4th quarter valued at approximately $49,000. Finally, Raiffeisen Bank International AG bought a new position in shares of Logitech International during the 4th quarter valued at approximately $59,000. Institutional investors own 45.76% of the company's stock.

Logitech International Price Performance

Shares of LOGI stock traded down $0.81 during mid-day trading on Friday, hitting $94.14. The stock had a trading volume of 428,375 shares, compared to its average volume of 638,936. The firm has a market capitalization of $15.02 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 19.73 and a beta of 0.96. Logitech International S.A. has a 12-month low of $64.73 and a 12-month high of $105.65. The firm's 50-day moving average is $86.54 and its two-hundred day moving average is $87.38.

Logitech International (NASDAQ:LOGI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $0.93 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.07. The firm 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 quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 EPS. Analysts expect that Logitech International S.A. will post 4.21 EPS for the current year.

Logitech International Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, September 24th. Investors of record on Tuesday, September 23rd will be paid a dividend of $1.543 per share. 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 of this dividend is Tuesday, September 23rd.

Analysts Set New Price Targets

LOGI has been the subject of a number of recent analyst reports. Barclays dropped their price objective on Logitech International from $108.00 to $92.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Wedbush restated an "outperform" rating and set a $100.00 price objective on shares of Logitech International in a report on Wednesday, May 21st. JPMorgan Chase & Co. dropped their price objective on Logitech International from $96.00 to $80.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Citigroup boosted their price objective on Logitech International from $85.00 to $100.00 and gave the company a "neutral" rating in a report on Friday. Finally, UBS Group upgraded Logitech International from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Logitech International has an average rating of "Hold" and an average target price of $87.86.

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.