Forsta AP Fonden Acquires 13,029 Shares of Logitech International S.A. (NASDAQ:LOGI)

Forsta AP Fonden lifted its holdings in Logitech International S.A. (NASDAQ:LOGI) by 72.5% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,990 shares of the technology company’s stock after purchasing an additional 13,029 shares during the period. Forsta AP Fonden’s holdings in Logitech International were worth $2,616,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Logitech International by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 6,412,308 shares of the technology company’s stock worth $543,347,000 after purchasing an additional 66,175 shares during the period. Barclays PLC lifted its stake in shares of Logitech International by 8.2% in the 4th quarter. Barclays PLC now owns 5,445,157 shares of the technology company’s stock worth $448,409,000 after purchasing an additional 414,236 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Logitech International by 2.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,148,266 shares of the technology company’s stock worth $341,610,000 after acquiring an additional 85,278 shares in the last quarter. Deutsche Bank AG increased its holdings in Logitech International by 13.5% in the 1st quarter. Deutsche Bank AG now owns 1,449,739 shares of the technology company’s stock worth $122,372,000 after acquiring an additional 172,320 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Logitech International by 4.5% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,147,402 shares of the technology company’s stock worth $94,994,000 after acquiring an additional 49,451 shares in the last quarter. Institutional investors own 45.76% of the company’s stock.

Logitech International Stock Down 1.9%

Shares of LOGI opened at $96.43 on Tuesday. Logitech International S.A. has a 1 year low of $64.73 and a 1 year high of $105.65. The company has a 50 day simple moving average of $91.08 and a two-hundred day simple moving average of $88.68.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Tuesday, July 29th. The technology company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.18. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. Logitech International had a return on equity of 30.81% and a net margin of 13.78%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 EPS. On average, analysts forecast that Logitech International S.A. will post 4.21 EPS for the current year.

Logitech International Increases Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Tuesday, September 23rd will be given a dividend of $1.543 per share. The ex-dividend date is Tuesday, September 23rd. This represents a dividend yield of 140.0%. This is an increase from Logitech International’s previous annual dividend of $1.37.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LOGI shares. BNP Paribas Exane raised shares of Logitech International from a “neutral” rating to an “outperform” rating and set a $109.00 target price for the company in a report on Tuesday, August 5th. UBS Group raised shares of Logitech International from a “neutral” rating to a “buy” rating in a report on Wednesday, May 7th. BNP Paribas raised shares of Logitech International from a “hold” rating to a “strong-buy” rating and increased their target price for the stock from $100.00 to $109.00 in a report on Tuesday, August 5th. Barclays increased their target price on shares of Logitech International from $92.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Finally, Citigroup increased their target price on shares of Logitech International from $85.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $97.00.

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.