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

Transamerica Financial Advisors Inc. increased its holdings in Logitech International S.A. (NASDAQ:LOGI) by 115,300.0% during the third quarter, HoldingsChannel.com reports. 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 and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC increased its holdings in 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 buying an additional 457,630 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Logitech International by 8.0% during the 2nd 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 during the period. Assenagon Asset Management S.A. increased its stake in shares of Logitech International by 166.2% in the 2nd 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 in the last quarter. Jupiter Asset Management Ltd. raised its holdings in Logitech International by 6.7% in the 2nd 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 raised its holdings in Logitech International by 5.7% in the 2nd 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. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Insider Activity

In other news, Director Guy Gecht bought 2,500 shares of Logitech International 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 owns 18,503 shares of the company’s stock, valued at $1,500,963.36. This trade represents a 15.62 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.16% of the company’s stock.

Logitech International Stock Down 2.2 %

Shares of Logitech International stock opened at $79.25 on Thursday. The stock’s 50-day simple moving average is $83.60 and its 200-day simple moving average is $89.09. Logitech International S.A. has a 52 week low of $74.72 and a 52 week high of $102.59. The company has a market capitalization of $12.53 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 1.86 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 given a $1.3687 dividend. This represents a dividend yield of 1.4%. This is an increase from Logitech International’s previous annual dividend of $1.19. The ex-dividend date was Tuesday, September 24th.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Loop Capital reduced their target price on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a report on Monday, October 28th. JPMorgan Chase & Co. lowered their price target 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. Barclays reduced 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. Finally, Wedbush restated a “neutral” rating and set a $88.00 price objective on shares of Logitech International in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.