Banque Cantonale Vaudoise Purchases 33,989 Shares of Logitech International S.A. $LOGI

Banque Cantonale Vaudoise grew its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 9.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 378,183 shares of the technology company’s stock after purchasing an additional 33,989 shares during the quarter. Logitech International makes up 1.3% of Banque Cantonale Vaudoise’s holdings, making the stock its 11th biggest holding. Banque Cantonale Vaudoise’s holdings in Logitech International were worth $34,058,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LOGI. Quarry LP bought a new position in Logitech International in the 3rd quarter valued at approximately $30,000. CIBC Private Wealth Group LLC grew its holdings in Logitech International by 61.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 455 shares of the technology company’s stock worth $46,000 after acquiring an additional 173 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Logitech International by 40.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 576 shares of the technology company’s stock worth $52,000 after acquiring an additional 165 shares during the last quarter. Richardson Financial Services Inc. increased its position in Logitech International by 101.5% in the 4th quarter. Richardson Financial Services Inc. now owns 663 shares of the technology company’s stock valued at $66,000 after acquiring an additional 334 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its position in Logitech International by 911.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 678 shares of the technology company’s stock valued at $68,000 after acquiring an additional 611 shares during the period. 45.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Logitech International Trading Down 1.9%

Shares of LOGI opened at $102.37 on Thursday. The stock has a market capitalization of $15.01 billion, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 2.65 and a beta of 1.13. The firm’s fifty day simple moving average is $106.46 and its two-hundred day simple moving average is $99.56. Logitech International S.A. has a 12 month low of $83.32 and a 12 month high of $129.66.

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

Logitech International Cuts Dividend

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

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.