Banco Santander S.A. Acquires Shares of 5,401 Logitech International S.A. (NASDAQ:LOGI)

Banco Santander S.A. bought a new position in shares of Logitech International S.A. (NASDAQ:LOGI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,401 shares of the technology company’s stock, valued at approximately $485,000.

Other hedge funds have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new position in Logitech International during the second quarter worth approximately $35,000. Employees Retirement System of Texas purchased a new position in shares of Logitech International during the 2nd quarter worth $63,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Logitech International by 139.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock valued at $82,000 after acquiring an additional 495 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Logitech International by 2,036.8% in the second quarter. Blue Trust Inc. now owns 1,453 shares of the technology company’s stock valued at $130,000 after purchasing an additional 1,385 shares during the period. Finally, Syquant Capital Sas acquired a new stake in Logitech International during the second quarter worth about $184,000. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Trading Up 0.2 %

LOGI stock opened at $79.58 on Friday. The business’s fifty day moving average price is $83.80 and its 200 day moving average price is $89.11. Logitech International S.A. has a 12-month low of $74.72 and a 12-month high of $102.59. The company has a market capitalization of $12.59 billion, a PE ratio of 17.72, a P/E/G ratio of 1.81 and a beta of 0.81.

Logitech International Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, September 25th. Stockholders of record on Tuesday, September 24th were paid a $1.3687 dividend. This is a positive change from Logitech International’s previous annual dividend of $1.19. The ex-dividend date was Tuesday, September 24th. This represents a dividend yield of 1.4%. Logitech International’s dividend payout ratio (DPR) is presently 11.63%.

Insider Activity

In related news, Director Guy Gecht acquired 2,500 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were acquired at an average price of $81.12 per share, with a total value of $202,800.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on LOGI shares. JPMorgan Chase & Co. decreased their target price on shares of Logitech International from $98.00 to $93.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Loop Capital lowered their price objective on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research report on Monday, October 28th. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday. Wedbush reiterated a “neutral” rating and set a $88.00 price target on shares of Logitech International in a report on Wednesday, October 23rd. Finally, Barclays reduced their price objective on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Logitech International currently has an average rating of “Hold” and a consensus target price of $93.00.

Logitech International Company 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.