Logitech International S.A. (NASDAQ:LOGI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 22.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,671 shares of the technology company's stock after selling 17,920 shares during the period. Mutual of America Capital Management LLC's holdings in Logitech International were worth $5,314,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new stake in Logitech International in the fourth quarter valued at $156,888,000. Freestone Grove Partners LP purchased a new stake in Logitech International in the fourth quarter valued at $39,660,000. Barclays PLC raised its position in Logitech International by 8.2% in the fourth quarter. Barclays PLC now owns 5,445,157 shares of the technology company's stock valued at $448,409,000 after purchasing an additional 414,236 shares during the period. SIH Partners LLLP purchased a new stake in Logitech International in the fourth quarter valued at $31,886,000. Finally, Pictet Asset Management Holding SA raised its position in Logitech International by 13.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 2,273,518 shares of the technology company's stock valued at $188,254,000 after purchasing an additional 266,167 shares during the period. 45.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on LOGI shares. JPMorgan Chase & Co. reduced their target price on Logitech International from $96.00 to $80.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Loop Capital cut their price objective on Logitech International from $97.00 to $78.00 and set a "hold" rating on the stock in a report on Tuesday, May 6th. Wedbush reiterated an "outperform" rating and issued a $100.00 price objective on shares of Logitech International in a report on Wednesday, May 21st. 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, July 11th. Finally, UBS Group upgraded Logitech International from a "neutral" rating to a "buy" rating in a report on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Logitech International currently has a consensus rating of "Hold" and a consensus target price of $87.86.

Logitech International Trading Up 2.6%

LOGI traded up $2.38 on Wednesday, hitting $95.69. 518,767 shares of the company were exchanged, compared to its average volume of 638,056. 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 $14.80 billion, a price-to-earnings ratio of 23.06, a price-to-earnings-growth ratio of 19.44 and a beta of 0.96. The firm has a 50-day moving average price of $87.19 and a two-hundred day moving average price of $87.55.

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, topping 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 firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same period in the previous year, the firm posted $0.99 EPS. Logitech International's revenue for the quarter was down .1% on a year-over-year basis. Equities analysts expect that Logitech International S.A. will post 4.21 EPS for the current year.

Logitech International Increases Dividend

The business also recently announced 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 represents a yield of 1.4%. This is a boost from Logitech International's previous annual dividend of $1.37. The ex-dividend date is Tuesday, September 23rd.

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.