Henry James International Management Inc. Cuts Position in Logitech International S.A. (NASDAQ:LOGI)

Henry James International Management Inc. trimmed its holdings in shares of Logitech International S.A. (NASDAQ:LOGI) by 7.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,400 shares of the technology company’s stock after selling 5,252 shares during the quarter. Logitech International accounts for about 2.1% of Henry James International Management Inc.’s holdings, making the stock its 14th largest position. Henry James International Management Inc.’s holdings in Logitech International were worth $6,048,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new position in Logitech International in the second quarter valued at about $35,000. Employees Retirement System of Texas purchased a new position in Logitech International in the second quarter valued at approximately $63,000. Benjamin F. Edwards & Company Inc. increased its position in Logitech International by 139.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock worth $82,000 after buying an additional 495 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Logitech International by 2,036.8% in the second quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock valued at $130,000 after buying an additional 1,385 shares during the period. Finally, Syquant Capital Sas purchased a new position in shares of Logitech International during the 2nd quarter valued at $184,000. 45.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Logitech International

In related news, Director Guy Gecht bought 2,500 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was acquired at an average cost of $81.12 per share, for a total transaction of $202,800.00. Following the completion of the transaction, the director now directly owns 18,503 shares in the company, valued at $1,500,963.36. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

LOGI has been the topic of a number of research reports. Barclays lowered their price objective on Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Wedbush reiterated a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a research note on Wednesday, October 23rd. StockNews.com downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. reduced their target price on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Loop Capital reduced their target price on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Logitech International presently has an average rating of “Hold” and a consensus target price of $93.00.

Logitech International Trading Down 0.1 %

LOGI stock opened at $83.38 on Monday. The firm has a 50 day moving average of $86.34 and a 200-day moving average of $89.17. Logitech International S.A. has a 12 month low of $74.72 and a 12 month high of $102.59. The firm has a market capitalization of $13.19 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 1.88 and a beta of 0.81.

Logitech International Increases Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th were given a dividend of $1.3687 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This is a positive change from Logitech International’s previous annual dividend of $1.19. This represents a yield of 1.4%. Logitech International’s payout ratio is presently 11.63%.

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.