Logitech International SA (NASDAQ:LOGI) shares gapped down prior to trading on Friday . The stock had previously closed at $21.43, but opened at $21.47. Logitech International SA shares last traded at $21.76, with a volume of 209,369 shares trading hands.

LOGI has been the topic of a number of analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $22.75 price target (up previously from $18.00) on shares of Logitech International SA in a research note on Wednesday, August 3rd. Morgan Stanley raised Logitech International SA from an “underweight” rating to an “equal weight” rating in a research note on Wednesday. JPMorgan Chase & Co. reaffirmed a “sell” rating and set a $13.50 price objective on shares of Logitech International SA in a research note on Wednesday, July 20th. Finally, Zacks Investment Research downgraded Logitech International SA from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Logitech International SA has a consensus rating of “Hold” and a consensus price target of $18.44.

The stock has a market cap of $3.53 billion and a PE ratio of 27.25. The stock’s 50 day moving average is $17.76 and its 200-day moving average is $16.10.

Logitech International SA (NASDAQ:LOGI) last posted its earnings results on Wednesday, July 27th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. On average, analysts forecast that Logitech International SA will post $1.07 earnings per share for the current fiscal year.

In other Logitech International SA news, SVP Marcel Stolk sold 225,000 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $20.36, for a total transaction of $4,581,000.00. Following the sale, the senior vice president now owns 478,002 shares of the company’s stock, valued at $9,732,120.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $1,993,000.00. Following the sale, the chief financial officer now directly owns 518,492 shares in the company, valued at approximately $10,333,545.56. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Logitech International SA stock. First Trust Advisors LP increased its position in Logitech International SA (NASDAQ:LOGI) by 361.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 162,467 shares of the company’s stock after buying an additional 127,261 shares during the period. First Trust Advisors LP owned about 0.10% of Logitech International SA worth $2,448,000 as of its most recent SEC filing.

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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