Virtu Financial LLC Purchases Shares of 13,128 Logitech International S.A. $LOGI

Virtu Financial LLC acquired a new position in Logitech International S.A. (NASDAQ:LOGI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,128 shares of the technology company’s stock, valued at approximately $1,316,000.

Several other hedge funds have also bought and sold shares of the stock. Arrowstreet Capital Limited Partnership grew its position in Logitech International by 305.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,084,820 shares of the technology company’s stock valued at $227,859,000 after buying an additional 1,570,876 shares during the period. Morgan Stanley increased its holdings in Logitech International by 152.5% in the fourth quarter. Morgan Stanley now owns 2,190,070 shares of the technology company’s stock valued at $219,489,000 after buying an additional 1,322,582 shares in the last quarter. Credit Agricole S A acquired a new position in shares of Logitech International in the third quarter worth about $104,402,000. Norges Bank acquired a new position in shares of Logitech International in the fourth quarter worth about $89,248,000. Finally, Marshall Wace LLP boosted its stake in shares of Logitech International by 131.2% during the 4th quarter. Marshall Wace LLP now owns 1,273,720 shares of the technology company’s stock worth $129,125,000 after acquiring an additional 722,887 shares in the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

Logitech International Stock Performance

NASDAQ:LOGI opened at $107.64 on Friday. The stock has a market capitalization of $15.78 billion, a PE ratio of 22.43, a P/E/G ratio of 2.74 and a beta of 1.13. Logitech International S.A. has a fifty-two week low of $83.32 and a fifty-two week high of $129.66. The company has a fifty day moving average of $105.72 and a two-hundred day moving average of $99.94.

Logitech International (NASDAQ:LOGI) last announced its earnings results on Tuesday, May 5th. The technology company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. Logitech International had a net margin of 14.69% and a return on equity of 34.09%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business earned $0.93 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Research analysts forecast that Logitech International S.A. will post 5.16 earnings per share for the current year.

Logitech International Cuts Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, September 23rd. Investors of record on Tuesday, September 22nd will be paid a $1.36 dividend. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a yield of 126.0%.

Analysts Set New Price Targets

LOGI has been the topic of a number of analyst reports. UBS Group cut Logitech International from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 17th. Weiss Ratings raised Logitech International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 22nd. Citigroup increased their price target on Logitech International from $115.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Wedbush reissued an “outperform” rating and issued a $135.00 price objective on shares of Logitech International in a report on Wednesday, May 6th. Finally, Wall Street Zen cut Logitech International from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $113.67.

About Logitech International

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.