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

Several research analysts have commented on the company. Rosenblatt Securities restated a “buy” rating and issued a $22.75 target price (up previously from $18.00) on shares of Logitech International SA in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on Logitech International SA from $13.50 to $18.00 and gave the stock an “underweight” rating in a research note on Friday, July 29th. Finally, Zacks Investment Research downgraded Logitech International SA from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.44.

The firm has a market capitalization of $3.33 billion and a PE ratio of 25.74. The stock’s 50 day moving average price is $16.94 and its 200 day moving average price is $15.83.

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

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

A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake 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. Schroder Investment Management Group boosted its stake 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. Finally, 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 worth $2,448,000 after buying an additional 127,261 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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