Shares of Logitech International SA (NASDAQ:LOGI) reached a new 52-week high during trading on Wednesday . The company traded as high as $17.51 and last traded at $17.43, with a volume of 1,422,489 shares changing hands. The stock had previously closed at $16.96.

A number of analysts have commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $18.00 price objective on shares of Logitech International SA in a research note on Friday, July 1st. JPMorgan Chase & Co. reissued a “sell” rating and issued a $13.50 price target on shares of Logitech International SA in a research report on Wednesday, July 20th. Sterne Agee CRT initiated 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 target for the company. Finally, Zacks Investment Research lowered shares of Logitech International SA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $16.13.

The company has a market capitalization of $2.88 billion and a price-to-earnings ratio of 24.87. The stock has a 50 day moving average price of $16.08 and a 200-day moving average price of $15.54.

A number of hedge funds have recently made changes to their positions in LOGI. Dimensional Fund Advisors LP raised its stake 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 last quarter. Schroder Investment Management Group raised 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 last quarter. Liberty Mutual Group Asset Management Inc. purchased a new stake in shares of Logitech International SA during the fourth quarter worth approximately $2,475,000. Finally, First Trust Advisors LP raised 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 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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