13,128 Shares in Logitech International S.A. $LOGI Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new position in shares of Logitech International S.A. (NASDAQ:LOGI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,128 shares of the technology company’s stock, valued at approximately $1,316,000.

Other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC lifted its stake in shares of Logitech International by 61.2% during the first quarter. AQR Capital Management LLC now owns 4,175 shares of the technology company’s stock worth $352,000 after buying an additional 1,585 shares during the period. Rhumbline Advisers grew its holdings in shares of Logitech International by 3.3% during the second quarter. Rhumbline Advisers now owns 4,732 shares of the technology company’s stock valued at $426,000 after buying an additional 152 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Logitech International by 40.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock valued at $52,000 after acquiring an additional 165 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Logitech International by 13.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,779 shares of the technology company’s stock valued at $160,000 after acquiring an additional 206 shares during the period. Finally, Guggenheim Capital LLC raised its stake in Logitech International by 1.3% in the 2nd quarter. Guggenheim Capital LLC now owns 10,182 shares of the technology company’s stock worth $918,000 after acquiring an additional 126 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Price Performance

Shares of Logitech International stock opened at $107.64 on Friday. The firm has a fifty day moving average price of $105.72 and a 200 day moving average price of $99.94. Logitech International S.A. has a 1 year low of $83.32 and a 1 year high of $129.66. The stock has a market cap of $15.78 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.74 and a beta of 1.13.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Tuesday, May 5th. The technology company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Logitech International had a net margin of 14.69% and a return on equity of 34.09%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities analysts expect that Logitech International S.A. will post 5.16 EPS for the current year.

Logitech International Cuts Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 22nd will be paid a dividend of $1.36 per share. The ex-dividend date is Tuesday, September 22nd. This represents a dividend yield of 126.0%.

Wall Street Analyst Weigh In

LOGI has been the subject of a number of research reports. Citigroup lifted their price target on Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings raised Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 22nd. Wedbush restated an “outperform” rating and issued a $135.00 price objective on shares of Logitech International in a research note on Wednesday, May 6th. Wall Street Zen downgraded Logitech International from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Finally, UBS Group lowered Logitech International from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 17th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $113.67.

About Logitech International

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.