Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Decreases Stock Position in Logitech International S.A. (NASDAQ:LOGI)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group trimmed its position in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 22.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,413 shares of the technology company's stock after selling 10,410 shares during the period. Logitech International makes up approximately 1.7% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's investment portfolio, making the stock its 16th largest position. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's holdings in Logitech International were worth $3,056,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Banque Transatlantique SA bought a new position in Logitech International during the 4th quarter worth approximately $26,000. Bessemer Group Inc. increased its stake in shares of Logitech International by 1,339.1% in the 4th quarter. Bessemer Group Inc. now owns 331 shares of the technology company's stock valued at $27,000 after acquiring an additional 308 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Logitech International by 975.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 484 shares of the technology company's stock valued at $40,000 after acquiring an additional 439 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Logitech International in the 4th quarter valued at $49,000. Finally, Raiffeisen Bank International AG bought a new stake in shares of Logitech International in the 4th quarter valued at $59,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LOGI shares. JPMorgan Chase & Co. lifted their price objective on shares of Logitech International from $80.00 to $104.00 and gave the stock a "neutral" rating in a report on Thursday. Wedbush reissued an "outperform" rating and issued a $100.00 price target on shares of Logitech International in a report on Wednesday, May 21st. Bank of America raised shares of Logitech International from an "underperform" rating to a "neutral" rating and cut their price target for the stock from $90.00 to $73.00 in a report on Friday, April 4th. Citigroup boosted their price objective on Logitech International from $85.00 to $100.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. Finally, Loop Capital lowered their price objective on Logitech International from $97.00 to $78.00 and set a "hold" rating on the stock in a research note on Tuesday, May 6th. 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 MarketBeat, the company has a consensus rating of "Hold" and an average target price of $91.29.

Logitech International Stock Performance

Shares of LOGI traded down $0.17 during trading hours on Friday, hitting $95.71. The company had a trading volume of 285,782 shares, compared to its average volume of 636,034. The firm has a fifty day moving average price of $88.14 and a 200-day moving average price of $87.79. The stock has a market capitalization of $15.16 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 19.93 and a beta of 0.96. Logitech International S.A. has a 52-week low of $64.73 and a 52-week high of $105.65.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the company earned $0.99 EPS. Logitech International's revenue for the quarter was down .1% on a year-over-year basis. Research analysts anticipate that Logitech International S.A. will post 4.21 earnings per share for the current fiscal 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. The ex-dividend date is Tuesday, September 23rd. This is an increase from Logitech International's previous annual dividend of $1.37. This represents a dividend yield of 1.4%.

Logitech International 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.