Venturi Wealth Management LLC Acquires 1,672 Shares of Logitech International S.A. (NASDAQ:LOGI)

Venturi Wealth Management LLC grew its holdings in Logitech International S.A. (NASDAQ:LOGI) by 16.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,664 shares of the technology company’s stock after purchasing an additional 1,672 shares during the period. Venturi Wealth Management LLC’s holdings in Logitech International were worth $1,047,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LOGI. BNP Paribas Financial Markets increased its holdings in Logitech International by 75.3% during the 1st quarter. BNP Paribas Financial Markets now owns 27,349 shares of the technology company’s stock worth $2,444,000 after acquiring an additional 11,751 shares during the period. SG Americas Securities LLC increased its holdings in shares of Logitech International by 1.6% in the 1st quarter. SG Americas Securities LLC now owns 19,056 shares of the technology company’s stock worth $1,703,000 after buying an additional 297 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Logitech International by 7.5% in the 1st quarter. QRG Capital Management Inc. now owns 29,487 shares of the technology company’s stock worth $2,635,000 after buying an additional 2,047 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Logitech International by 86.4% in the 1st quarter. Russell Investments Group Ltd. now owns 552,038 shares of the technology company’s stock worth $49,349,000 after buying an additional 255,828 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its holdings in shares of Logitech International by 0.4% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 105,382 shares of the technology company’s stock worth $9,431,000 after buying an additional 459 shares during the last quarter. Institutional investors own 45.76% of the company’s stock.

Insiders Place Their Bets

In other news, Director Guy Gecht purchased 2,500 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were purchased at an average price of $81.12 per share, for a total transaction 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 represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Logitech International Stock Performance

Shares of LOGI opened at $78.78 on Tuesday. The stock has a market cap of $12.46 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 1.82 and a beta of 0.81. Logitech International S.A. has a fifty-two week low of $74.72 and a fifty-two week high of $102.59. The firm’s 50-day simple moving average is $85.15 and its two-hundred day simple moving average is $89.35.

Logitech International Increases Dividend

The firm also recently disclosed 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%. The ex-dividend date was Tuesday, September 24th. This is a boost from Logitech International’s previous annual dividend of $1.19. Logitech International’s dividend payout ratio is 11.63%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays cut their price objective on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Wedbush reaffirmed a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price target on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Loop Capital reduced their price target on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. Finally, StockNews.com cut shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $93.00.

About Logitech International

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.