Brown Advisory Inc. Purchases 3,000 Shares of Logitech International S.A. (NASDAQ:LOGI)

Brown Advisory Inc. lifted its position in shares of Logitech International S.A. (NASDAQ:LOGI) by 49.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,007 shares of the technology company’s stock after acquiring an additional 3,000 shares during the period. Brown Advisory Inc.’s holdings in Logitech International were worth $760,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Logitech International by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,161 shares of the technology company’s stock valued at $507,000 after purchasing an additional 120 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Logitech International by 2.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,556 shares of the technology company’s stock valued at $458,000 after purchasing an additional 127 shares during the last quarter. Freedom Investment Management Inc. lifted its stake in Logitech International by 4.1% in the 4th quarter. Freedom Investment Management Inc. now owns 3,444 shares of the technology company’s stock valued at $284,000 after purchasing an additional 136 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Logitech International by 16.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the technology company’s stock valued at $123,000 after purchasing an additional 213 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Logitech International by 7.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,243 shares of the technology company’s stock valued at $267,000 after purchasing an additional 230 shares during the last quarter. Institutional investors own 45.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LOGI shares. Bank of America raised shares of Logitech International from an “underperform” rating to a “neutral” rating and dropped their price objective for the company from $90.00 to $73.00 in a research note on Friday, April 4th. Loop Capital decreased their price target on shares of Logitech International from $97.00 to $78.00 and set a “hold” rating for the company in a research report on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price target on shares of Logitech International from $96.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Citigroup upped their price target on shares of Logitech International from $85.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Barclays decreased their price target on shares of Logitech International from $108.00 to $92.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Logitech International currently has a consensus rating of “Hold” and a consensus price target of $87.86.

Logitech International Stock Down 0.6%

LOGI opened at $93.56 on Tuesday. Logitech International S.A. has a twelve month low of $64.73 and a twelve month high of $105.65. The company has a fifty day moving average of $86.54 and a 200-day moving average of $87.44. The stock has a market cap of $14.89 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 19.57 and a beta of 0.96.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Tuesday, April 29th. The technology company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.07. Logitech International had a net margin of 13.86% and a return on equity of 30.40%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the company posted $0.99 earnings per share. Logitech International’s revenue for the quarter was down .1% compared to the same quarter last year. Sell-side analysts anticipate that Logitech International S.A. will post 4.21 EPS for the current fiscal year.

Logitech International Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Tuesday, September 23rd will be given a dividend of $1.543 per share. The ex-dividend date of this dividend is Tuesday, September 23rd. This is a boost from Logitech International’s previous annual dividend of $1.37. This represents a dividend yield of 1.4%.

Logitech International Company Profile

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.