Evergreen Capital Management LLC Has $340,000 Stock Position in Logitech International S.A. (NASDAQ:LOGI)

Evergreen Capital Management LLC raised its stake in Logitech International S.A. (NASDAQ:LOGI) by 5.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,510 shares of the technology company’s stock after buying an additional 194 shares during the quarter. Evergreen Capital Management LLC’s holdings in Logitech International were worth $340,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Acadian Asset Management LLC boosted its stake in Logitech International by 32.7% in the 1st quarter. Acadian Asset Management LLC now owns 6,207,484 shares of the technology company’s stock worth $556,523,000 after purchasing an additional 1,527,984 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Logitech International by 166.2% during the second quarter. Assenagon Asset Management S.A. now owns 1,279,414 shares of the technology company’s stock worth $123,759,000 after buying an additional 798,759 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Logitech International by 20.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,837,505 shares of the technology company’s stock worth $174,162,000 after buying an additional 306,948 shares in the last quarter. Russell Investments Group Ltd. raised its position in Logitech International by 86.4% in the 1st quarter. Russell Investments Group Ltd. now owns 552,038 shares of the technology company’s stock valued at $49,349,000 after buying an additional 255,828 shares during the last quarter. Finally, Susquehanna International Securities Ltd. acquired a new stake in Logitech International in the 1st quarter valued at approximately $15,091,000. Institutional investors own 45.76% of the company’s stock.

Logitech International Stock Up 2.4 %

Shares of NASDAQ:LOGI opened at $87.76 on Friday. Logitech International S.A. has a 12-month low of $67.07 and a 12-month high of $102.59. The business has a 50 day moving average of $87.97 and a 200-day moving average of $89.82. The stock has a market cap of $13.88 billion, a PE ratio of 22.68, a P/E/G ratio of 2.52 and a beta of 0.79.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings results on Monday, July 22nd. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.20. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.03 billion. Logitech International had a return on equity of 30.51% and a net margin of 15.67%. Equities research analysts expect that Logitech International S.A. will post 3.96 earnings per share for the current year.

Logitech International Increases Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, September 25th. Investors of record on Tuesday, September 24th were given a dividend of $1.3687 per share. This represents a yield of 1.4%. This is a positive change from Logitech International’s previous annual dividend of $1.19. The ex-dividend date of this dividend was Tuesday, September 24th.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LOGI shares. Barclays raised their price target on shares of Logitech International from $98.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Loop Capital lifted their price target on shares of Logitech International from $87.00 to $88.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Wedbush restated a “neutral” rating and set a $88.00 price objective on shares of Logitech International in a research note on Tuesday, July 16th. Finally, StockNews.com downgraded Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $93.14.

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.