Blue Trust Inc. Has $565,000 Stake in Logitech International S.A. (NASDAQ:LOGI)

Blue Trust Inc. grew its stake in shares of Logitech International S.A. (NASDAQ:LOGI) by 301.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 5,833 shares of the technology company’s stock after acquiring an additional 4,380 shares during the quarter. Blue Trust Inc.’s holdings in Logitech International were worth $565,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC bought a new position in Logitech International during the 2nd quarter worth approximately $35,000. Mather Group LLC. acquired a new stake in Logitech International in the first quarter worth $42,000. Employees Retirement System of Texas bought a new position in shares of Logitech International during the second quarter worth $63,000. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Logitech International by 139.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock valued at $82,000 after buying an additional 495 shares during the period. Finally, Syquant Capital Sas acquired a new position in shares of Logitech International in the 2nd quarter valued at $184,000. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LOGI has been the topic of several recent analyst reports. Barclays lifted their target price on Logitech International from $98.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Loop Capital lifted their price objective on Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. StockNews.com cut Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 22nd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $93.14.

Logitech International Stock Up 3.6 %

NASDAQ LOGI opened at $91.81 on Tuesday. The firm’s 50 day moving average is $87.67 and its 200-day moving average is $89.37. The company has a market capitalization of $14.52 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 2.47 and a beta of 0.79. Logitech International S.A. has a 12-month low of $67.82 and a 12-month high of $102.59.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Monday, July 22nd. The technology company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.20. Logitech International had a net margin of 15.67% and a return on equity of 30.51%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.03 billion. As a group, sell-side analysts expect that Logitech International S.A. will post 3.96 EPS for the current year.

Logitech International Increases Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th were given a dividend of $1.3687 per share. The ex-dividend date was Tuesday, September 24th. This is a boost from Logitech International’s previous annual dividend of $1.19. This represents a yield of 1.4%. Logitech International’s dividend payout ratio is 13.49%.

Logitech International Company 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.