ETF Managers Group LLC bought a new stake in Logitech International S.A. (NASDAQ:LOGI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,672 shares of the technology company’s stock, valued at approximately $355,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Royal Bank of Canada increased its stake in Logitech International by 38.1% in the second quarter. Royal Bank of Canada now owns 114,868 shares of the technology company’s stock valued at $4,211,000 after acquiring an additional 31,683 shares during the period. Frontier Wealth Management LLC bought a new stake in Logitech International in the second quarter valued at about $265,000. Stifel Financial Corp increased its stake in Logitech International by 136.8% in the second quarter. Stifel Financial Corp now owns 32,826 shares of the technology company’s stock valued at $1,204,000 after acquiring an additional 18,963 shares during the period. Bayesian Capital Management LP bought a new stake in Logitech International in the second quarter valued at about $275,000. Finally, Dimensional Fund Advisors LP increased its stake in Logitech International by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 331,214 shares of the technology company’s stock valued at $12,142,000 after acquiring an additional 9,647 shares during the period. 37.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of Logitech International S.A. (LOGI) traded down 0.89% during mid-day trading on Friday, reaching $35.50. 81,541 shares of the company’s stock traded hands. The stock has a market cap of $5.82 billion, a PE ratio of 26.75 and a beta of 0.59. The firm has a 50 day moving average price of $35.92 and a 200-day moving average price of $35.27. Logitech International S.A. has a 12 month low of $21.14 and a 12 month high of $40.82.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings data on Monday, July 24th. The technology company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. Logitech International had a net margin of 9.15% and a return on equity of 25.18%. The business had revenue of $529.95 million during the quarter, compared to analysts’ expectations of $521.24 million. On average, analysts predict that Logitech International S.A. will post $1.47 earnings per share for the current fiscal year.

The firm also recently disclosed a dividend, which was paid on Wednesday, September 27th. Shareholders of record on Tuesday, September 26th were paid a $0.6454 dividend. This is a boost from Logitech International’s previous dividend of $0.52. The ex-dividend date of this dividend was Monday, September 25th. Logitech International’s payout ratio is 45.97%.

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In other news, CFO Vincent Pilette sold 5,985 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 460,127 shares in the company, valued at approximately $16,592,179.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Bracken Darrell sold 110,330 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were 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 of the company’s stock, valued at $34,000,593.30. The disclosure for this sale can be found here. Insiders sold a total of 319,245 shares of company stock valued at $11,549,298 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

LOGI has been the topic of a number of analyst reports. Aegis initiated coverage on shares of Logitech International in a research note on Tuesday, June 13th. They issued a “buy” rating and a $48.00 target price on the stock. Citigroup Inc. initiated coverage on shares of Logitech International in a research note on Thursday, July 6th. They issued a “buy” rating and a $44.00 target price on the stock. Loop Capital initiated coverage on shares of Logitech International in a research note on Monday, July 24th. They issued a “buy” rating and a $48.00 target price on the stock. Finally, Zacks Investment Research cut shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $39.50.

Logitech International Company 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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Institutional Ownership by Quarter for Logitech International (NASDAQ:LOGI)

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