Thu Sep 19 16:27:00 UTC 2024: ## Sienna Gestion Invests in Logitech International, Other Institutional Investors Make Moves

**[City, State] -** Sienna Gestion, a prominent institutional investor, has acquired a new position in shares of Logitech International S.A. (NASDAQ:LOGI) during the second quarter, according to a recent filing with the Securities and Exchange Commission. The investment firm purchased 47,678 shares of the technology company’s stock, valued at approximately $4,609,000.

This move comes as other hedge funds and institutional investors also adjust their stakes in Logitech International. Acadian Asset Management LLC increased its holdings by 7.4% in the second quarter, now owning 6,665,114 shares valued at $644,642,000. Vanguard Group Inc. also expanded its position by 1.4% during the fourth quarter, holding 6,159,041 shares worth $585,478,000.

New investors include Norges Bank, which acquired a stake in Logitech International valued at $214,130,000 in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main also boosted its stake by 20.1% in the fourth quarter, now owning 1,837,505 shares worth $174,162,000. Renaissance Technologies LLC further increased its holdings by 8.0% during the second quarter, reaching 1,623,908 shares valued at $157,324,000.

Logitech International’s stock opened at $85.69 on Thursday, with a market capitalization of $13.55 billion. The company boasts a P/E ratio of 22.14, a PEG ratio of 2.45, and a beta of 0.79. It also recently declared an annual dividend of $1.3687 per share, payable on September 25th, representing a 1.4% yield.

Analysts have mixed opinions on Logitech International, with two rating the stock as a sell, four recommending a hold, and three suggesting a buy. MarketBeat currently assigns a “Hold” consensus rating with an average price target of $93.14.

Logitech International SA is a leading designer and manufacturer of software-enabled hardware solutions, connecting people to work, create, game, and stream worldwide. The company offers a diverse range of products for gamers, streamers, business professionals, and consumers, including mice, keyboards, headsets, webcams, and more.

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