Pathstone Holdings LLC Sells 537 Shares of Logitech International S.A. (NASDAQ:LOGI)

Pathstone Holdings LLC reduced its holdings in shares of Logitech International S.A. (NASDAQ:LOGI) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,577 shares of the technology company’s stock after selling 537 shares during the quarter. Pathstone Holdings LLC’s holdings in Logitech International were worth $1,667,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings in Logitech International by 6.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,206 shares of the technology company’s stock worth $200,000 after purchasing an additional 128 shares in the last quarter. Rosenberg Matthew Hamilton grew its holdings in shares of Logitech International by 5.8% during the third quarter. Rosenberg Matthew Hamilton now owns 2,339 shares of the technology company’s stock worth $210,000 after purchasing an additional 128 shares during the last quarter. First Citizens Bank & Trust Co. increased its stake in shares of Logitech International by 2.4% in the second quarter. First Citizens Bank & Trust Co. now owns 6,468 shares of the technology company’s stock valued at $627,000 after buying an additional 153 shares during the period. Public Sector Pension Investment Board boosted its position in Logitech International by 0.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 65,450 shares of the technology company’s stock worth $6,331,000 after buying an additional 168 shares during the period. Finally, Evergreen Capital Management LLC grew its holdings in Logitech International by 5.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,510 shares of the technology company’s stock worth $340,000 after acquiring an additional 194 shares during the last quarter. 45.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Logitech International

In related news, Director Guy Gecht bought 2,500 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was bought at an average cost of $81.12 per share, with a total value of $202,800.00. Following the completion of the purchase, the director now owns 18,503 shares of the company’s stock, valued at approximately $1,500,963.36. The trade was a 15.62 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LOGI shares. Barclays dropped their price target on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Wedbush reaffirmed a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price objective on Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Loop Capital dropped their price objective on Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Logitech International has an average rating of “Hold” and an average price target of $93.00.

Logitech International Stock Down 2.2 %

Shares of Logitech International stock opened at $79.25 on Thursday. Logitech International S.A. has a twelve month low of $74.72 and a twelve month high of $102.59. The company’s 50 day moving average is $83.60 and its 200 day moving average is $89.09. The company has a market cap of $12.53 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 1.86 and a beta of 0.81.

Logitech International Increases Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, September 25th. Shareholders of record on Tuesday, September 24th were paid a dividend of $1.3687 per share. This is a boost from Logitech International’s previous annual dividend of $1.19. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a yield of 1.4%.

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.