Logitech International SA (LOGI) Shares Gap Up to $16.64
Logitech International SA (NASDAQ:LOGI) gapped up before the market opened on Friday . The stock had previously closed at $16.56, but opened at $16.64. Logitech International SA shares last traded at $16.84, with a volume of 139,189 shares trading hands.
A number of equities research analysts have recently issued reports on the stock. Sterne Agee CRT assumed coverage on shares of Logitech International SA in a research report on Tuesday, April 5th. They set a “neutral” rating and a $18.00 price objective for the company. Zacks Investment Research downgraded shares of Logitech International SA from a “hold” rating to a “sell” rating in a report on Tuesday, May 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $18.00 target price on shares of Logitech International SA in a report on Friday, July 1st. Finally, JPMorgan Chase & Co. reaffirmed a “sell” rating and issued a $13.50 target price on shares of Logitech International SA in a report on Wednesday. Three investment 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 a consensus target price of $16.13.
The firm has a 50-day moving average of $16.01 and a 200 day moving average of $15.49. The stock has a market capitalization of $2.72 billion and a P/E ratio of 23.48.
Logitech International SA (NASDAQ:LOGI) last posted its earnings results on Wednesday, April 27th. The company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.04. On average, analysts expect that Logitech International SA will post $1.02 earnings per share for the current fiscal year.
Several hedge funds and institutional investors recently bought and sold shares of the company. First Trust Advisors LP boosted its position 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 worth $2,448,000 after buying an additional 127,261 shares in the last quarter. Liberty Mutual Group Asset Management Inc. bought a new position in Logitech International SA during the fourth quarter worth about $2,475,000. Dimensional Fund Advisors LP boosted its position in 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 in the last quarter. Finally, Schroder Investment Management Group boosted its position in 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 in the last quarter.
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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