Maverick Capital Ltd. Has $2.39 Million Stake in Logitech International S.A. (NASDAQ:LOGI)

Maverick Capital Ltd. increased its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 36.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,666 shares of the technology company’s stock after purchasing an additional 6,642 shares during the period. Maverick Capital Ltd.’s holdings in Logitech International were worth $2,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in Logitech International by 6.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,206 shares of the technology company’s stock worth $200,000 after buying an additional 128 shares during the period. Claro Advisors LLC raised its stake in Logitech International by 6.2% in the 1st quarter. Claro Advisors LLC now owns 2,241 shares of the technology company’s stock worth $200,000 after purchasing an additional 131 shares in the last quarter. First Citizens Bank & Trust Co. boosted its holdings in Logitech International by 2.4% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 6,468 shares of the technology company’s stock valued at $627,000 after purchasing an additional 153 shares during the period. Public Sector Pension Investment Board boosted its holdings in Logitech International by 0.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 65,450 shares of the technology company’s stock valued at $6,331,000 after purchasing an additional 168 shares during the period. Finally, Evergreen Capital Management LLC increased its holdings in shares of Logitech International by 5.9% during the second quarter. Evergreen Capital Management LLC now owns 3,510 shares of the technology company’s stock worth $340,000 after purchasing an additional 194 shares during the period. 45.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on LOGI. Wedbush reiterated a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a research note on Tuesday, July 16th. StockNews.com lowered Logitech International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 22nd. Loop Capital raised their price target on Logitech International from $87.00 to $88.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th. Finally, Barclays upped their price objective on shares of Logitech International from $98.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $93.14.

Logitech International Stock Up 2.4 %

NASDAQ:LOGI opened at $87.76 on Friday. The stock’s 50-day simple moving average is $87.97 and its 200 day simple moving average is $89.82. The firm has a market capitalization of $13.88 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 2.52 and a beta of 0.79. Logitech International S.A. has a twelve month low of $67.07 and a twelve month high of $102.59.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings results on Monday, July 22nd. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.20. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.03 billion. Logitech International had a net margin of 15.67% and a return on equity of 30.51%. On average, analysts anticipate that Logitech International S.A. will post 3.96 EPS for the current fiscal year.

Logitech International Increases Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 24th were paid a $1.3687 dividend. This represents a dividend yield of 1.4%. This is a boost 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.