Transamerica Financial Advisors Inc. Acquires 1,153 Shares of Logitech International S.A. (NASDAQ:LOGI)

Transamerica Financial Advisors Inc. lifted its holdings in shares of Logitech International S.A. (NASDAQ:LOGI) by 115,300.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,154 shares of the technology company’s stock after acquiring an additional 1,153 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Logitech International were worth $104,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Acadian Asset Management LLC raised its holdings in shares of Logitech International by 7.4% during the second quarter. Acadian Asset Management LLC now owns 6,665,114 shares of the technology company’s stock valued at $644,642,000 after acquiring an additional 457,630 shares in the last quarter. Renaissance Technologies LLC grew its stake in Logitech International by 8.0% in the second quarter. Renaissance Technologies LLC now owns 1,623,908 shares of the technology company’s stock worth $157,324,000 after purchasing an additional 120,000 shares during the period. Assenagon Asset Management S.A. grew its stake in Logitech International by 166.2% in the second quarter. Assenagon Asset Management S.A. now owns 1,279,414 shares of the technology company’s stock worth $123,759,000 after purchasing an additional 798,759 shares during the period. Jupiter Asset Management Ltd. grew its stake in Logitech International by 6.7% in the second quarter. Jupiter Asset Management Ltd. now owns 601,826 shares of the technology company’s stock worth $58,214,000 after purchasing an additional 37,852 shares during the period. Finally, Liontrust Investment Partners LLP grew its stake in Logitech International by 5.7% in the second quarter. Liontrust Investment Partners LLP now owns 490,760 shares of the technology company’s stock worth $47,470,000 after purchasing an additional 26,583 shares during the period. Institutional investors own 45.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wedbush reaffirmed a “neutral” rating and issued a $88.00 price target on shares of Logitech International in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price target on Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Loop Capital reduced their price target 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. Finally, Barclays reduced their price target on Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Logitech International currently has an average rating of “Hold” and an average price target of $93.00.

Logitech International Trading Down 2.2 %

NASDAQ LOGI opened at $79.25 on Thursday. Logitech International S.A. has a 12 month low of $74.72 and a 12 month high of $102.59. The stock has a market cap of $12.53 billion, a P/E ratio of 17.65, a P/E/G ratio of 1.86 and a beta of 0.81. The stock’s fifty day moving average price is $83.60 and its 200-day moving average price is $89.09.

Logitech International Increases Dividend

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

Insider Activity

In other Logitech International news, Director Guy Gecht purchased 2,500 shares of the stock in a transaction dated Thursday, October 24th. The shares were purchased at an average cost of $81.12 per share, with a total value of $202,800.00. Following the completion of the acquisition, the director now directly owns 18,503 shares in the company, valued at $1,500,963.36. This trade represents a 15.62 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

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.