Kapitalo Investimentos Ltda Purchases Shares of 3,186 Logitech International S.A. (NASDAQ:LOGI)

Kapitalo Investimentos Ltda acquired a new position in Logitech International S.A. (NASDAQ:LOGI) during the third quarter, HoldingsChannel.com reports. The fund acquired 3,186 shares of the technology company’s stock, valued at approximately $286,000.

Several other large investors have also recently modified their holdings of LOGI. Ashton Thomas Private Wealth LLC acquired a new stake in Logitech International in the second quarter valued at approximately $35,000. Mather Group LLC. purchased a new stake in shares of Logitech International during the 1st quarter valued at $42,000. Employees Retirement System of Texas acquired a new stake in shares of Logitech International in the 2nd quarter worth $63,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Logitech International by 139.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock worth $82,000 after purchasing an additional 495 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Logitech International by 2,036.8% in the 2nd quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock worth $130,000 after purchasing an additional 1,385 shares in the last quarter. Institutional investors own 45.76% of the company’s stock.

Logitech International Trading Down 0.9 %

Shares of NASDAQ:LOGI opened at $87.41 on Wednesday. Logitech International S.A. has a twelve month low of $67.82 and a twelve month high of $102.59. The company has a market cap of $13.82 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 2.47 and a beta of 0.79. The company’s 50 day moving average is $87.53 and its 200 day moving average is $89.41.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings data on Monday, July 22nd. The technology company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.03 billion. Logitech International had a net margin of 15.67% and a return on equity of 30.51%. Equities research analysts predict that Logitech International S.A. will post 3.96 earnings per share for the current fiscal year.

Logitech International Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th were paid a dividend of $1.3687 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a dividend yield of 1.4%. This is a positive change from Logitech International’s previous annual dividend of $1.19. Logitech International’s dividend payout ratio (DPR) is presently 13.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wedbush reiterated a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a research note on Tuesday, July 16th. Barclays increased their price objective on shares of Logitech International from $98.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. StockNews.com downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 22nd. Finally, Loop Capital raised their price target on shares of Logitech International from $87.00 to $88.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Logitech International has an average rating of “Hold” and a consensus price target of $93.14.

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.