Logitech International SA (NASDAQ:LOGI) gapped up before the market opened on Friday . The stock had previously closed at $21.49, but opened at $21.55. Logitech International SA shares last traded at $21.75, with a volume of 347,305 shares traded.

Several equities research analysts have issued reports on LOGI shares. Zacks Investment Research downgraded shares of Logitech International SA from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. Rosenblatt Securities restated a “buy” rating and issued a $18.00 target price on shares of Logitech International SA in a research note on Friday, July 1st. JPMorgan Chase & Co. restated a “sell” rating and issued a $13.50 target price on shares of Logitech International SA in a research note on Wednesday, July 20th. Finally, Morgan Stanley upgraded shares of Logitech International SA from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, August 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $18.44.

The stock has a market capitalization of $3.51 billion and a price-to-earnings ratio of 27.14. The firm’s 50-day moving average is $19.42 and its 200 day moving average is $16.57.

Logitech International SA (NASDAQ:LOGI) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. Analysts anticipate that Logitech International SA will post $1.08 EPS for the current fiscal year.

In other news, CFO Vincent Pilette sold 100,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 518,492 shares of the company’s stock, valued at $10,333,545.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Marcel Stolk sold 225,000 shares of the stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $20.36, for a total transaction of $4,581,000.00. Following the completion of the sale, the senior vice president now directly owns 478,002 shares of the company’s stock, valued at $9,732,120.72. 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 increased its position in Logitech International SA (NASDAQ:LOGI) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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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