Shares of Logitech International SA (NASDAQ:LOGI) saw unusually-strong trading volume on Wednesday . Approximately 427,710 shares changed hands during trading, a decline of 8% from the previous session’s volume of 466,575 shares.The stock last traded at $15.54 and had previously closed at $15.72.

A number of research analysts recently issued reports on LOGI shares. Rosenblatt Securities reiterated a “buy” rating and set a $18.00 price objective on shares of Logitech International SA in a report on Saturday, April 9th. Zacks Investment Research downgraded Logitech International SA from a “buy” rating to a “hold” rating in a report on Tuesday, March 22nd. Finally, Sterne Agee CRT initiated coverage on Logitech International SA in a report on Tuesday, April 5th. They set a “neutral” rating and a $18.00 price objective for the company. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. Logitech International SA presently has a consensus rating of “Hold” and an average target price of $16.13.

The company has a market cap of $2.52 billion and a PE ratio of 21.83. The company has a 50-day moving average of $15.56 and a 200 day moving average of $15.39.

Logitech International SA (NASDAQ:LOGI) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.04. On average, analysts anticipate that Logitech International SA will post $0.98 earnings per share for the current fiscal year.

Several large investors have modified their holdings of the company. Schroder Investment Management Group increased its stake in shares of Logitech International SA by 1.1% in the fourth quarter. Schroder Investment Management Group now owns 3,020,138 shares of the company’s stock worth $46,510,000 after buying an additional 33,829 shares during the period. First Trust Advisors LP increased its stake in shares of Logitech International SA by 361.5% in the fourth quarter. First Trust Advisors LP now owns 162,467 shares of the company’s stock worth $2,448,000 after buying an additional 127,261 shares during the period. Liberty Mutual Group Asset Management Inc. acquired a new stake in shares of Logitech International SA during the fourth quarter worth about $2,475,000. Alpha Omega Wealth Management LLC acquired a new stake in shares of Logitech International SA during the fourth quarter worth about $2,578,000. Finally, Commerzbank Aktiengesellschaft FI increased its stake in shares of Logitech International SA by 101.0% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 519,470 shares of the company’s stock worth $7,828,000 after buying an additional 261,041 shares during the period.

Logitech International SA (Logitech) is a Switzerland-based company that, together with its subsidiaries, develops and markets hardware and software products that enable or enhance digital navigation, music and video entertainment, gaming, social networking, and audio and video communication over the Internet.

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