Logitech International S.A. (NASDAQ:LOGI) Stock Has Average Price Target of $105.29

Logitech International S.A. (NASDAQ:LOGI) has been given an average rating of “Hold” by the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $105.29.

LOGI has been the subject of several recent research reports. Barclays lowered their price target on Logitech International from $105.00 to $101.00 and set an “equal weight” rating for the company in a report on Wednesday, July 29th. Morgan Stanley reduced their price objective on Logitech International from $89.00 to $88.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 8th. Weiss Ratings downgraded Logitech International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, September 2nd. Bank of America lowered Logitech International from a “neutral” rating to an “underperform” rating and set a $86.00 target price for the company. in a research note on Tuesday, June 30th. Finally, JPMorgan Chase & Co. dropped their target price on Logitech International from $120.00 to $102.00 and set a “neutral” rating on the stock in a report on Thursday, August 20th.

Insider Transactions at Logitech International

In other Logitech International news, insider Samantha Harnett sold 16,265 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $101.35, for a total value of $1,648,457.75. Following the transaction, the insider directly owned 37,097 shares of the company’s stock, valued at $3,759,780.95. This represents a 30.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.15% of the stock is owned by corporate insiders.

Institutional Trading of Logitech International

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its position in shares of Logitech International by 16.0% in the 4th quarter. Barclays PLC now owns 3,275,064 shares of the technology company’s stock worth $328,227,000 after purchasing an additional 451,357 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Logitech International by 43.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,991,627 shares of the technology company’s stock worth $304,151,000 after acquiring an additional 906,807 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Logitech International by 26.6% in the 1st quarter. Renaissance Technologies LLC now owns 2,072,508 shares of the technology company’s stock valued at $188,847,000 after buying an additional 435,000 shares during the period. Allianz Asset Management GmbH grew its position in shares of Logitech International by 57.4% during the 4th quarter. Allianz Asset Management GmbH now owns 1,556,342 shares of the technology company’s stock valued at $160,175,000 after buying an additional 567,810 shares during the last quarter. Finally, Amundi raised its stake in Logitech International by 51.2% during the first quarter. Amundi now owns 1,665,096 shares of the technology company’s stock worth $151,724,000 after acquiring an additional 563,564 shares during the period. 45.76% of the stock is owned by institutional investors and hedge funds.

Logitech International Stock Up 0.3%

Shares of LOGI stock opened at $100.67 on Wednesday. Logitech International has a fifty-two week low of $83.32 and a fifty-two week high of $129.66. The firm’s 50 day moving average price is $101.90 and its two-hundred day moving average price is $101.50. The stock has a market cap of $14.76 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 3.66 and a beta of 1.18.

Logitech International (NASDAQ:LOGI) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.59. Logitech International had a net margin of 16.28% and a return on equity of 37.30%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts forecast that Logitech International will post 5.24 EPS for the current fiscal year.

Logitech International Company Profile

Logitech International is a technology company that designs and develops hardware and software intended to help people connect, create, communicate and interact with digital devices. Its products are sold to consumers, businesses, educators, gamers, streamers and other professional users through retailers, online channels and business partners worldwide.

The company’s product portfolio includes computer mice and keyboards, webcams, headsets, microphones, speakers, presentation devices and accessories.