Logitech International (NASDAQ:LOGI) Upgraded at Deutsche Bank Aktiengesellschaft

Logitech International (NASDAQ:LOGI) was upgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report released on Friday,Briefing.com Automated Import reports.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of Logitech International from $99.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday. StockNews.com upgraded Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday, January 23rd. Kepler Capital Markets upgraded Logitech International from a “hold” rating to a “buy” rating in a research report on Thursday. Bank of America cut Logitech International from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $114.00 to $92.00 in a research report on Monday, December 16th. Finally, Barclays upped their target price on Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $97.13.

Logitech International Price Performance

LOGI stock opened at $99.26 on Friday. The company has a 50-day moving average of $85.18 and a two-hundred day moving average of $85.80. Logitech International has a 52-week low of $74.72 and a 52-week high of $102.59. The stock has a market capitalization of $15.70 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.20%. Equities analysts expect that Logitech International will post 4.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Logitech International

A number of hedge funds have recently made changes to their positions in the company. Barclays PLC increased its stake in shares of Logitech International by 64.2% in the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock valued at $451,426,000 after buying an additional 1,967,133 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Logitech International by 34.2% in the fourth quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company’s stock valued at $402,802,000 after purchasing an additional 1,240,478 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Logitech International by 3.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company’s stock valued at $219,611,000 after purchasing an additional 89,788 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Logitech International by 2,315.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock worth $119,673,000 after purchasing an additional 1,385,493 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in Logitech International by 1.8% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,097,951 shares of the technology company’s stock worth $98,348,000 after buying an additional 19,046 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

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.