Vontobel Holding Ltd. Has $367.71 Million Stock Holdings in Logitech International S.A. (NASDAQ:LOGI)

Vontobel Holding Ltd. cut its stake in Logitech International S.A. (NASDAQ:LOGI - Free Report) by 9.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,398,068 shares of the technology company's stock after selling 474,256 shares during the period. Logitech International makes up approximately 1.3% of Vontobel Holding Ltd.'s investment portfolio, making the stock its 22nd biggest position. Vontobel Holding Ltd. owned approximately 2.78% of Logitech International worth $367,712,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC increased its holdings in shares of Logitech International by 87.3% in the first quarter. Farther Finance Advisors LLC now owns 940 shares of the technology company's stock valued at $80,000 after buying an additional 438 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Logitech International by 5.7% in the 4th quarter. Bank of New York Mellon Corp now owns 351,097 shares of the technology company's stock worth $28,913,000 after acquiring an additional 18,986 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Logitech International by 8,341.0% during the first quarter. GAMMA Investing LLC now owns 12,155 shares of the technology company's stock worth $1,026,000 after purchasing an additional 12,011 shares during the period. US Bancorp DE lifted its holdings in shares of Logitech International by 5.6% during the fourth quarter. US Bancorp DE now owns 8,344 shares of the technology company's stock valued at $687,000 after purchasing an additional 446 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Logitech International during the fourth quarter valued at $4,162,000. Institutional investors and hedge funds own 45.76% of the company's stock.

Logitech International Price Performance

LOGI traded down $0.23 during trading on Thursday, reaching $92.70. 216,080 shares of the stock traded hands, compared to its average volume of 766,010. The stock's 50-day simple moving average is $84.29 and its two-hundred day simple moving average is $86.85. Logitech International S.A. has a fifty-two week low of $64.73 and a fifty-two week high of $105.65. The stock has a market cap of $14.66 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 18.90 and a beta of 0.96.

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, beating the consensus estimate of $0.86 by $0.07. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. Logitech International had a net margin of 13.86% and a return on equity of 30.40%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.99 earnings per share. Research analysts anticipate that Logitech International S.A. will post 4.21 earnings per share for the current fiscal year.

Logitech International announced that its board has initiated a stock buyback program on Wednesday, March 5th that permits the company to buyback $600.00 million in shares. This buyback authorization permits the technology company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

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 dividend of $1.543 per share. This represents a yield of 1.4%. The ex-dividend date is Tuesday, September 23rd. This is an increase from Logitech International's previous annual dividend of $1.37.

Analysts Set New Price Targets

LOGI has been the subject of a number of analyst reports. UBS Group raised shares of Logitech International from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. cut their target price on shares of Logitech International from $96.00 to $80.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Bank of America raised Logitech International from an "underperform" rating to a "neutral" rating and decreased their target price for the stock from $90.00 to $73.00 in a research report on Friday, April 4th. Citigroup dropped their price target on Logitech International from $105.00 to $75.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Wedbush restated an "outperform" rating and set a $100.00 price objective on shares of Logitech International in a research report on Wednesday, May 21st. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Logitech International currently has a consensus rating of "Hold" and a consensus target price of $84.29.

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.