Crossmark Global Holdings Inc. Purchases 2,807 Shares of Logitech International S.A. (NASDAQ:LOGI)

Crossmark Global Holdings Inc. boosted its position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 1.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 165,901 shares of the technology company's stock after purchasing an additional 2,807 shares during the quarter. Crossmark Global Holdings Inc. owned about 0.10% of Logitech International worth $14,004,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LOGI. Barclays PLC grew its holdings in shares of Logitech International by 8.2% during the fourth quarter. Barclays PLC now owns 5,445,157 shares of the technology company's stock valued at $448,409,000 after buying an additional 414,236 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Logitech International by 2.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,148,266 shares of the technology company's stock valued at $341,610,000 after purchasing an additional 85,278 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Logitech International by 6.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,598,068 shares of the technology company's stock valued at $215,127,000 after purchasing an additional 146,338 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of 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 worth $188,254,000 after purchasing an additional 266,167 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Logitech International in the fourth quarter worth $156,888,000. 45.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Loop Capital dropped their price objective on Logitech International from $97.00 to $78.00 and set a "hold" rating on the stock in a research report on Tuesday, May 6th. Barclays decreased their target price 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. JPMorgan Chase & Co. decreased their target price on Logitech International from $96.00 to $80.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Citigroup dropped their target price on shares of Logitech International from $105.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Wedbush restated an "outperform" rating and issued a $100.00 target price on shares of Logitech International in a report on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $84.29.

Logitech International Trading Up 0.2%

Shares of LOGI traded up $0.20 during trading hours on Tuesday, reaching $92.40. 527,250 shares of the stock traded hands, compared to its average volume of 641,399. Logitech International S.A. has a 52-week low of $64.73 and a 52-week high of $105.65. The company's 50-day moving average price is $85.18 and its two-hundred day moving average price is $87.13. The company has a market cap of $14.58 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 19.16 and a beta of 0.96.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its earnings results on Tuesday, April 29th. The technology company reported $0.93 earnings per share (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 quarter last year, the business posted $0.99 earnings per share. The firm's revenue was down .1% on a year-over-year basis. On average, research analysts forecast that Logitech International S.A. will post 4.21 EPS for the current year.

Logitech International Increases Dividend

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

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.