Logitech International S.A. (NASDAQ:LOGI) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its position in Logitech International S.A. (NASDAQ:LOGIGet Rating) by 12.8% in the second quarter, HoldingsChannel.com reports. The firm owned 29,162 shares of the technology company’s stock after selling 4,297 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Logitech International were worth $1,518,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LOGI. Invesco Ltd. lifted its position in shares of Logitech International by 24.0% during the 1st quarter. Invesco Ltd. now owns 2,409,946 shares of the technology company’s stock valued at $177,807,000 after acquiring an additional 466,632 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Logitech International by 8.5% during the 1st quarter. Vontobel Holding Ltd. now owns 4,740,862 shares of the technology company’s stock valued at $365,211,000 after acquiring an additional 372,459 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Logitech International by 62.0% during the 1st quarter. Hsbc Holdings PLC now owns 718,248 shares of the technology company’s stock valued at $53,887,000 after acquiring an additional 274,926 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Logitech International by 123.2% during the 1st quarter. Bank of Montreal Can now owns 317,622 shares of the technology company’s stock valued at $25,218,000 after acquiring an additional 175,287 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Logitech International by 956.2% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 182,790 shares of the technology company’s stock valued at $9,516,000 after acquiring an additional 165,483 shares during the last quarter.

Logitech International Price Performance

Logitech International stock opened at $58.93 on Monday. The company has a market capitalization of $9.64 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 4.26 and a beta of 0.98. Logitech International S.A. has a one year low of $41.81 and a one year high of $87.57. The company’s fifty day moving average price is $49.43 and its two-hundred day moving average price is $53.26.

Logitech International Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, September 28th. Shareholders of record on Tuesday, September 27th were given a dividend of $1.0023 per share. This represents a yield of 2.07%. This is an increase from Logitech International’s previous dividend of $0.65. The ex-dividend date of this dividend was Monday, September 26th.

Wall Street Analyst Weigh In

Several analysts have issued reports on LOGI shares. Barclays started coverage on shares of Logitech International in a research note on Wednesday, November 9th. They set an “overweight” rating and a $65.00 target price on the stock. StockNews.com started coverage on shares of Logitech International in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Citigroup cut their target price on shares of Logitech International from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Logitech International from CHF 66 to CHF 60 and set a “buy” rating on the stock in a research note on Thursday, October 27th. Finally, Exane BNP Paribas downgraded shares of Logitech International from a “neutral” rating to an “underperform” rating in a research note on Monday, October 3rd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $70.10.

About Logitech International

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Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to digital and cloud experiences worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.

See Also

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Institutional Ownership by Quarter for Logitech International (NASDAQ:LOGI)

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