Shares of Logitech International SA (NASDAQ:LOGI) gapped down before the market opened 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.

LOGI has been the subject of a number of recent analyst reports. Rosenblatt Securities restated a “buy” rating and set a $18.00 price target on shares of Logitech International SA in a report on Friday, July 1st. JPMorgan Chase & Co. reiterated a “sell” rating and issued a $13.50 target price on shares of Logitech International SA in a report on Wednesday, July 20th. Zacks Investment Research cut shares of Logitech International SA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. Finally, Morgan Stanley raised shares of Logitech International SA from an “underweight” rating to an “equal weight” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $18.44.

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

Logitech International SA (NASDAQ:LOGI) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.07. On average, analysts forecast that Logitech International SA will post $1.08 EPS for the current fiscal year.

In related news, SVP Marcel Stolk sold 225,000 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $20.36, for a total value of $4,581,000.00. Following the sale, the senior vice president now owns 478,002 shares of the company’s stock, valued at approximately $9,732,120.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Vincent Pilette sold 100,000 shares of the 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 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. Dimensional Fund Advisors LP boosted its position in Logitech International SA (NASDAQ:LOGI) by 1.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 291,619 shares of the company’s stock after buying an additional 4,214 shares during the period. Dimensional Fund Advisors LP owned 0.18% of Logitech International SA worth $4,395,000 as of its most recent filing with the SEC.

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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