Logitech International (NASDAQ:LOGI) Upgraded at StockNews.com

StockNews.com upgraded shares of Logitech International (NASDAQ:LOGI) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning.

Several other research analysts also recently issued reports on the stock. Loop Capital dropped their price objective on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a report on Monday, October 28th. Barclays lifted their target price on shares of Logitech International from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Logitech International from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Bank of America lowered shares of Logitech International from a “buy” rating to a “neutral” rating and decreased their target price for the company from $114.00 to $92.00 in a research report on Monday, December 16th. Finally, Citigroup boosted their price target on shares of Logitech International from $92.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $97.13.

Logitech International Price Performance

Shares of LOGI opened at $98.63 on Wednesday. The company has a market capitalization of $15.60 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 3.00 and a beta of 0.78. Logitech International has a one year low of $74.72 and a one year high of $102.59. The company’s fifty day moving average price is $87.37 and its 200 day moving average price is $86.11.

Logitech International (NASDAQ:LOGI) last announced its earnings results on Tuesday, January 28th. The technology company reported $1.42 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 30.53%. Analysts anticipate that Logitech International will post 4.18 earnings per share for the current year.

Insider Transactions at Logitech International

In other news, insider Samantha Harnett sold 300 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $96.60, for a total transaction of $28,980.00. Following the transaction, the insider now directly owns 7,348 shares in the company, valued at approximately $709,816.80. This represents a 3.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On Logitech International

A number of institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC raised its stake in shares of Logitech International by 64.2% during the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock worth $451,426,000 after buying an additional 1,967,133 shares during the last quarter. Vontobel Holding Ltd. raised its stake in shares of Logitech International by 34.2% during the fourth quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company’s stock worth $402,802,000 after buying an additional 1,240,478 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Logitech International by 6.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,598,068 shares of the technology company’s stock worth $215,127,000 after buying an additional 146,338 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Logitech International by 3.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company’s stock worth $219,611,000 after buying an additional 89,788 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Logitech International by 2,315.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock valued at $119,673,000 after purchasing an additional 1,385,493 shares in the last quarter. 45.76% of the stock is owned by institutional investors.

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.