Zurcher Kantonalbank Zurich Cantonalbank Buys 89,788 Shares of Logitech International S.A. (NASDAQ:LOGI)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,451,730 shares of the technology company’s stock after purchasing an additional 89,788 shares during the quarter. Logitech International accounts for approximately 0.7% of Zurcher Kantonalbank Zurich Cantonalbank’s investment portfolio, making the stock its 19th largest position. Zurcher Kantonalbank Zurich Cantonalbank owned 1.55% of Logitech International worth $219,611,000 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. Hsbc Holdings PLC increased its stake in shares of Logitech International by 380.7% in the 2nd quarter. Hsbc Holdings PLC now owns 122,926 shares of the technology company’s stock valued at $11,883,000 after purchasing an additional 97,353 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Logitech International by 166.2% in the second quarter. Assenagon Asset Management S.A. now owns 1,279,414 shares of the technology company’s stock valued at $123,759,000 after acquiring an additional 798,759 shares during the last quarter. Toronto Dominion Bank grew its position in Logitech International by 2,085.3% in the second quarter. Toronto Dominion Bank now owns 63,439 shares of the technology company’s stock valued at $6,146,000 after acquiring an additional 60,536 shares during the last quarter. SpiderRock Advisors LLC acquired a new position in Logitech International during the third quarter worth about $1,431,000. Finally, Summit Global Investments bought a new position in shares of Logitech International in the third quarter worth about $1,299,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. lowered their price target on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Barclays cut their price objective on Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Loop Capital lowered their target price on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a report on Monday, October 28th. Finally, Wedbush reissued a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Logitech International currently has an average rating of “Hold” and a consensus price target of $93.00.

Logitech International Price Performance

Shares of LOGI stock opened at $79.25 on Thursday. Logitech International S.A. has a one year low of $74.72 and a one year high of $102.59. The business’s 50 day simple moving average is $83.60 and its 200 day simple moving average is $89.09. The stock has a market capitalization of $12.53 billion, a PE ratio of 17.65, a PEG ratio of 1.86 and a beta of 0.81.

Logitech International Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 24th were given a dividend of $1.3687 per share. The ex-dividend date was Tuesday, September 24th. This is a boost from Logitech International’s previous annual dividend of $1.19. This represents a dividend yield of 1.4%.

Insider Buying and Selling

In other Logitech International news, Director Guy Gecht bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was acquired at an average price of $81.12 per share, with a total value of $202,800.00. Following the completion of the purchase, the director now directly owns 18,503 shares of the company’s stock, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.16% of the stock is owned by insiders.

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.