Banque Cantonale Vaudoise Has $24.02 Million Stock Holdings in Logitech International S.A. (NASDAQ:LOGI)

Banque Cantonale Vaudoise lessened its position in Logitech International S.A. (NASDAQ:LOGI) by 37.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 268,106 shares of the technology company’s stock after selling 159,325 shares during the quarter. Logitech International makes up about 1.0% of Banque Cantonale Vaudoise’s portfolio, making the stock its 11th biggest position. Banque Cantonale Vaudoise owned about 0.17% of Logitech International worth $24,017,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LOGI. Acadian Asset Management LLC raised its stake in shares of Logitech International by 7.4% during the 2nd quarter. Acadian Asset Management LLC now owns 6,665,114 shares of the technology company’s stock worth $644,642,000 after purchasing an additional 457,630 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Logitech International by 8.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,623,908 shares of the technology company’s stock worth $157,324,000 after purchasing an additional 120,000 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Logitech International by 166.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,279,414 shares of the technology company’s stock worth $123,759,000 after purchasing an additional 798,759 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Logitech International by 6.7% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 601,826 shares of the technology company’s stock worth $58,214,000 after purchasing an additional 37,852 shares in the last quarter. Finally, Liontrust Investment Partners LLP raised its stake in shares of Logitech International by 5.7% during the 2nd quarter. Liontrust Investment Partners LLP now owns 490,760 shares of the technology company’s stock worth $47,470,000 after purchasing an additional 26,583 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. StockNews.com cut Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 22nd. Barclays dropped their price target 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. Loop Capital dropped their price target on Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Wedbush restated a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Logitech International has an average rating of “Hold” and a consensus target price of $93.00.

Insider Buying and Selling at Logitech International

In related news, Director Guy Gecht bought 2,500 shares of Logitech International stock in a transaction dated Thursday, October 24th. The shares were bought at an average cost of $81.12 per share, with a total value of $202,800.00. Following the acquisition, the director now owns 18,503 shares in the company, valued at $1,500,963.36. This trade represents a 15.62 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.16% of the company’s stock.

Logitech International Price Performance

Shares of NASDAQ LOGI opened at $78.49 on Tuesday. The stock’s fifty day moving average price is $84.32 and its two-hundred day moving average price is $89.28. Logitech International S.A. has a one year low of $74.72 and a one year high of $102.59. The firm has a market cap of $12.41 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 1.77 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. Shareholders of record on Tuesday, September 24th were issued a $1.3687 dividend. This represents a yield of 1.4%. This is a positive change from Logitech International’s previous annual dividend of $1.19. The ex-dividend date was Tuesday, September 24th.

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.