Shares of Logitech International SA (NASDAQ:LOGI) reached a new 52-week high on Wednesday . The stock traded as high as $20.41 and last traded at $20.41, with a volume of 282,572 shares changing hands. The stock had previously closed at $20.08.

LOGI has been the topic of a number of research reports. 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 on the stock. Rosenblatt Securities reissued 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 cut Logitech International SA from a “hold” rating to a “sell” rating in a report on Tuesday, May 10th. Finally, JPMorgan Chase & Co. reissued a “sell” rating and set a $13.50 price objective on shares of Logitech International SA in a report on Wednesday, July 20th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. Logitech International SA currently has an average rating of “Hold” and a consensus target price of $18.44.

The company has a market cap of $3.32 billion and a price-to-earnings ratio of 25.62. The company has a 50-day moving average price of $16.66 and a 200 day moving average price of $15.76.

Logitech International SA (NASDAQ:LOGI) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.07. Equities analysts predict that Logitech International SA will post $1.06 earnings per share for the current fiscal year.

In other Logitech International SA news, CFO Vincent Pilette sold 100,000 shares of the business’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $19.93, for a total transaction of $1,993,000.00. Following the completion of the sale, the chief financial officer now owns 518,492 shares of the company’s stock, valued at $10,333,545.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of hedge funds recently added to or reduced their stakes in the stock. First Trust Advisors LP raised 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. Dimensional Fund Advisors LP raised 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 during the period. Finally, Schroder Investment Management Group raised 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 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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