Logitech International SA (NASDAQ:LOGI) traded down 1.4% during mid-day trading on Tuesday . The stock traded as low as $21.48 and last traded at $21.79, with a volume of 608,790 shares trading hands. The stock had previously closed at $22.11.

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised Logitech International SA from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, August 10th. Rosenblatt Securities reissued a “buy” rating and issued a $22.75 price objective (up previously from $18.00) on shares of Logitech International SA in a report on Wednesday, August 3rd. JPMorgan Chase & Co. lifted their price objective on Logitech International SA from $13.50 to $18.00 and gave the stock an “underweight” rating in a report on Friday, July 29th. Finally, Zacks Investment Research lowered Logitech International SA from a “hold” rating to a “sell” rating in a report 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. The stock presently has a consensus rating of “Hold” and an average price target of $18.44.

The stock has a market capitalization of $3.49 billion and a P/E ratio of 27.00. The firm has a 50 day moving average of $19.09 and a 200 day moving average of $16.48.

Logitech International SA (NASDAQ:LOGI) last released its earnings results on Wednesday, July 27th. The company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.07. On average, equities research analysts forecast that Logitech International SA will post $1.08 earnings per share for the current 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 stock was 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 directly owns 478,002 shares of the company’s stock, valued at $9,732,120.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vincent Pilette sold 100,000 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $19.93, for a total value of $1,993,000.00. Following the transaction, the chief financial officer now directly owns 518,492 shares in the company, valued at $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 raised its position in shares of Logitech International SA (NASDAQ:LOGI) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 291,619 shares of the company’s stock after buying an additional 4,214 shares during the period. Dimensional Fund Advisors LP owned approximately 0.18% of Logitech International SA worth $4,395,000 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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