Landscape Capital Management L.L.C. Invests $2.37 Million in Logitech International S.A. (NASDAQ:LOGI)

Landscape Capital Management L.L.C. acquired a new position in shares of Logitech International S.A. (NASDAQ:LOGI) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 26,439 shares of the technology company’s stock, valued at approximately $2,372,000.

A number of other institutional investors also recently added to or reduced their stakes in LOGI. Acadian Asset Management LLC boosted its holdings in shares of Logitech International by 7.4% in the 2nd quarter. Acadian Asset Management LLC now owns 6,665,114 shares of the technology company’s stock valued at $644,642,000 after buying an additional 457,630 shares in the last quarter. Renaissance Technologies LLC boosted 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 valued at $157,324,000 after acquiring an additional 120,000 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings 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 last quarter. Jupiter Asset Management Ltd. increased its position in shares of Logitech International by 6.7% during 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 in the last quarter. Finally, Liontrust Investment Partners LLP lifted its holdings in shares of Logitech International by 5.7% during the 2nd quarter. Liontrust Investment Partners LLP now owns 490,760 shares of the technology company’s stock valued at $47,470,000 after purchasing an additional 26,583 shares during the last quarter. Institutional investors own 45.76% of the company’s stock.

Logitech International Price Performance

LOGI stock opened at $79.40 on Friday. The company has a market capitalization of $12.56 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 1.77 and a beta of 0.81. Logitech International S.A. has a 12 month low of $74.72 and a 12 month high of $102.59. The firm’s fifty day simple moving average is $83.93 and its 200-day simple moving average is $89.11.

Logitech International Increases Dividend

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

Insiders Place Their Bets

In related news, Director Guy Gecht purchased 2,500 shares of the firm’s stock in a transaction 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 acquisition, the director now owns 18,503 shares of the company’s stock, valued at $1,500,963.36. The trade was a 15.62 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.16% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on LOGI shares. Loop Capital dropped their target price 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. Wedbush restated a “neutral” rating and set a $88.00 price objective on shares of Logitech International in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their target price on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday. Finally, Barclays decreased their price target on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $93.00.

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.