Logitech International SA (LOGI) VP L Joseph Sullivan Sells 22,500 Shares
Logitech International SA (NASDAQ:LOGI) VP L Joseph Sullivan sold 22,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $21.75, for a total value of $489,375.00. Following the completion of the sale, the vice president now owns 213,161 shares of the company’s stock, valued at approximately $4,636,251.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Logitech International SA (NASDAQ:LOGI) opened at 21.78 on Monday. The company has a market cap of $3.52 billion, a P/E ratio of 27.23 and a beta of 1.19. Logitech International SA has a 12 month low of $12.52 and a 12 month high of $22.42. The firm has a 50-day moving average price of $21.08 and a 200 day moving average price of $17.12.
Logitech International SA (NASDAQ:LOGI) last released its earnings results on Wednesday, July 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.07. Logitech International SA had a return on equity of 18.58% and a net margin of 6.46%. Equities analysts predict that Logitech International SA will post $1.08 earnings per share for the current year.
The firm also recently announced a dividend, which will be paid on Tuesday, September 27th. Investors of record on Monday, September 26th will be given a dividend of $0.5774 per share. The ex-dividend date is Thursday, September 22nd. This is a boost from Logitech International SA’s previous dividend of $0.52. Logitech International SA’s dividend payout ratio (DPR) is currently 65.00%.
A number of research firms recently weighed in on LOGI. Rosenblatt Securities restated a “buy” rating and issued a $22.75 target price on shares of Logitech International SA in a research report on Thursday. Morgan Stanley upgraded Logitech International SA from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, August 10th. Finally, JPMorgan Chase & Co. boosted their price objective on Logitech International SA from $13.50 to $18.00 and gave the company an “underweight” rating in a research report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.44.
Several hedge funds have recently added to or reduced their stakes in LOGI. Schroder Investment Management Group boosted its stake in Logitech International SA by 18.0% in the second quarter. Schroder Investment Management Group now owns 6,265,394 shares of the company’s stock valued at $98,993,000 after buying an additional 955,525 shares in the last quarter. Renaissance Technologies LLC boosted its position in Logitech International SA by 51.4% in the first quarter. Renaissance Technologies LLC now owns 2,151,525 shares of the company’s stock valued at $34,231,000 after buying an additional 730,553 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Logitech International SA during the second quarter valued at $7,650,000. Vanguard Group Inc. boosted its position in Logitech International SA by 7.6% in the second quarter. Vanguard Group Inc. now owns 3,335,672 shares of the company’s stock valued at $54,305,000 after buying an additional 236,026 shares in the last quarter. Finally, Allianz Asset Management AG purchased a new position in Logitech International SA during the second quarter valued at $2,239,000. Hedge funds and other institutional investors own 33.78% of the company’s stock.
About Logitech International SA
Logitech International SA (Logitech) is a Switzerland-based company that, together with its subsidiaries, develops and markets hardware and software products that enable or enhance digital navigation, music and video entertainment, gaming, social networking, and audio and video communication over the Internet.
Receive News & Ratings for Logitech International SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Logitech International SA and related companies with Analyst Ratings Network's FREE daily email newsletter.