Metis Global Partners LLC Has $959,000 Position in Logitech International S.A. (NASDAQ:LOGI)

Metis Global Partners LLC lessened its holdings in shares of Logitech International S.A. (NASDAQ:LOGI) by 6.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,743 shares of the technology company’s stock after selling 720 shares during the period. Metis Global Partners LLC’s holdings in Logitech International were worth $959,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in Logitech International by 6.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,206 shares of the technology company’s stock worth $200,000 after buying an additional 128 shares in the last quarter. Rosenberg Matthew Hamilton increased its stake in shares of Logitech International by 5.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,339 shares of the technology company’s stock valued at $210,000 after acquiring an additional 128 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Logitech International by 2.4% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 6,468 shares of the technology company’s stock valued at $627,000 after acquiring an additional 153 shares during the period. Public Sector Pension Investment Board boosted its stake in Logitech International by 0.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 65,450 shares of the technology company’s stock worth $6,331,000 after acquiring an additional 168 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in Logitech International by 5.9% during the second quarter. Evergreen Capital Management LLC now owns 3,510 shares of the technology company’s stock valued at $340,000 after purchasing an additional 194 shares during the period. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LOGI has been the topic of a number of recent analyst reports. 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. Barclays decreased their target price on 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 set a $88.00 price target on shares of Logitech International in a research report on Wednesday, October 23rd. StockNews.com cut Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 22nd. Finally, Loop Capital cut 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 note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $93.00.

Insiders Place Their Bets

In related news, Director Guy Gecht purchased 2,500 shares of the stock in a transaction on Thursday, October 24th. The shares were purchased at an average price of $81.12 per share, with a total value of $202,800.00. Following the transaction, the director now directly owns 18,503 shares of the company’s stock, valued at $1,500,963.36. This trade represents 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.

Logitech International Stock Down 0.8 %

Shares of LOGI opened at $77.60 on Monday. The company has a 50 day moving average of $84.44 and a 200-day moving average of $89.30. The stock has a market capitalization of $12.27 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.77 and a beta of 0.81. Logitech International S.A. has a twelve month low of $74.72 and a twelve month high of $102.59.

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 paid a $1.3687 dividend. This is a positive change from Logitech International’s previous annual dividend of $1.19. This represents a yield of 1.4%. The ex-dividend date was Tuesday, September 24th.

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.