Logitech International SA (NASDAQ:LOGI) gapped up prior to trading on Tuesday . The stock had previously closed at $15.84, but opened at $16.12. Logitech International SA shares last traded at $16.51, with a volume of 236,397 shares changing hands.

A number of equities research analysts have commented on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $18.00 price objective on shares of Logitech International SA in a research report on Friday, July 1st. Zacks Investment Research downgraded shares of Logitech International SA from a “buy” rating to a “hold” rating in a research report on Tuesday, March 22nd. Finally, Sterne Agee CRT assumed coverage on shares of Logitech International SA in a research report on Tuesday, April 5th. They issued a “neutral” rating and a $18.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. Logitech International SA has an average rating of “Hold” and a consensus target price of $16.13.

The stock’s 50-day moving average is $15.73 and its 200 day moving average is $15.42. The company has a market capitalization of $2.65 billion and a price-to-earnings ratio of 22.90.

Logitech International SA (NASDAQ:LOGI) last released its earnings results on Wednesday, April 27th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.04. On average, equities analysts expect that Logitech International SA will post $0.98 earnings per share for the current year.

Other large investors recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in Logitech International SA by 361.5% in the fourth quarter. First Trust Advisors LP now owns 162,467 shares of the company’s stock valued at $2,448,000 after buying an additional 127,261 shares in the last quarter. Liberty Mutual Group Asset Management Inc. acquired a new position in shares of Logitech International SA during the fourth quarter worth $2,475,000. Alpha Omega Wealth Management LLC acquired a new position in shares of Logitech International SA during the fourth quarter worth $2,578,000. Dimensional Fund Advisors LP boosted its position in shares of Logitech International SA by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 291,619 shares of the company’s stock worth $4,395,000 after buying an additional 4,214 shares during the period. Finally, Schroder Investment Management Group boosted its position 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.

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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