PDT Partners LLC Maintains Holdings in Logitech International S.A. (LOGI)
PDT Partners LLC maintained its position in Logitech International S.A. (NASDAQ:LOGI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,137 shares of the technology company’s stock at the close of the 2nd quarter. PDT Partners LLC owned 0.11% of Logitech International worth $6,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. Schroder Investment Management Group grew its holdings in shares of Logitech International by 71.6% in the second quarter. Schroder Investment Management Group now owns 4,704,135 shares of the technology company’s stock worth $161,352,000 after purchasing an additional 1,962,561 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Logitech International by 4.3% in the second quarter. Vanguard Group Inc. now owns 3,600,997 shares of the technology company’s stock worth $132,012,000 after buying an additional 147,619 shares during the period. Renaissance Technologies LLC increased its stake in shares of Logitech International by 5.4% in the second quarter. Renaissance Technologies LLC now owns 2,737,131 shares of the technology company’s stock worth $100,343,000 after buying an additional 139,389 shares during the period. Alliancebernstein L.P. increased its stake in shares of Logitech International by 56.9% in the second quarter. Alliancebernstein L.P. now owns 1,338,293 shares of the technology company’s stock worth $49,062,000 after buying an additional 485,182 shares during the period. Finally, Citigroup Inc. increased its stake in shares of Logitech International by 62.9% in the second quarter. Citigroup Inc. now owns 698,112 shares of the technology company’s stock worth $25,019,000 after buying an additional 269,477 shares during the period. 37.84% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Bracken Darrell sold 110,330 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $36.15, for a total transaction of $3,988,429.50. Following the completion of the transaction, the chief executive officer now owns 940,542 shares in the company, valued at approximately $34,000,593.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Vincent Pilette sold 5,985 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $36.06, for a total value of $215,819.10. Following the transaction, the chief financial officer now owns 460,127 shares of the company’s stock, valued at approximately $16,592,179.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 319,245 shares of company stock worth $11,549,298. Company insiders own 2.20% of the company’s stock.
Shares of Logitech International S.A. (NASDAQ:LOGI) opened at 36.26 on Monday. The firm has a 50-day moving average price of $35.64 and a 200 day moving average price of $34.80. Logitech International S.A. has a 12-month low of $21.14 and a 12-month high of $40.82. The stock has a market cap of $5.94 billion, a PE ratio of 27.32 and a beta of 0.59.
Logitech International (NASDAQ:LOGI) last announced its earnings results on Monday, July 24th. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.04. Logitech International had a return on equity of 25.18% and a net margin of 9.15%. The business had revenue of $529.95 million during the quarter, compared to analyst estimates of $521.24 million. Equities research analysts expect that Logitech International S.A. will post $1.47 earnings per share for the current year.
The firm also recently declared a dividend, which was paid on Wednesday, September 27th. Stockholders of record on Tuesday, September 26th were issued a $0.6454 dividend. This is an increase from Logitech International’s previous dividend of $0.52. The ex-dividend date was Monday, September 25th. Logitech International’s dividend payout ratio is presently 45.97%.
A number of equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Logitech International from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Citigroup Inc. initiated coverage on shares of Logitech International in a report on Thursday, July 6th. They issued a “buy” rating and a $44.00 price target on the stock. Loop Capital initiated coverage on shares of Logitech International in a report on Monday, July 24th. They issued a “buy” rating and a $48.00 price target on the stock. Finally, Aegis initiated coverage on shares of Logitech International in a research report on Tuesday, June 13th. They issued a “buy” rating and a $48.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $39.50.
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Logitech International Profile
Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.
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