Brokerages Set Logitech International S.A. (NASDAQ:LOGI) Target Price at $93.86

Shares of Logitech International S.A. (NASDAQ:LOGI - Get Free Report) have earned a consensus rating of "Hold" from the eight research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $93.86.

A number of research analysts recently weighed in on the company. Wedbush reissued a "neutral" rating and issued a $92.00 price objective on shares of Logitech International in a research note on Monday, March 18th. Citigroup lifted their price target on Logitech International from $98.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday. Morgan Stanley lifted their price target on Logitech International from $83.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 24th. StockNews.com downgraded Logitech International from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 14th. Finally, Berenberg Bank started coverage on Logitech International in a research report on Thursday, March 14th. They issued a "buy" rating and a $111.00 price target on the stock.

Insider Transactions at Logitech International

In other news, insider Samantha Harnett sold 650 shares of Logitech International stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $84.17, for a total transaction of $54,710.50. Following the sale, the insider now owns 11,910 shares of the company's stock, valued at approximately $1,002,464.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Logitech International news, COO Prakash Arunkundrum sold 699 shares of the company's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $90.00, for a total value of $62,910.00. Following the sale, the chief operating officer now directly owns 67,848 shares in the company, valued at $6,106,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Samantha Harnett sold 650 shares of the company's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $84.17, for a total value of $54,710.50. Following the completion of the sale, the insider now owns 11,910 shares in the company, valued at $1,002,464.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,472 shares of company stock valued at $2,198,737. 0.15% of the stock is owned by corporate insiders.

Institutional Trading of Logitech International

A number of large investors have recently bought and sold shares of LOGI. Allworth Financial LP grew its holdings in shares of Logitech International by 249.1% during the third quarter. Allworth Financial LP now owns 754 shares of the technology company's stock worth $52,000 after purchasing an additional 538 shares during the last quarter. Qtron Investments LLC acquired a new position in shares of Logitech International during the third quarter valued at $585,000. Tudor Investment Corp Et Al lifted its stake in shares of Logitech International by 73.3% during the third quarter. Tudor Investment Corp Et Al now owns 58,914 shares of the technology company's stock valued at $4,062,000 after acquiring an additional 24,923 shares during the period. FMR LLC lifted its stake in shares of Logitech International by 10.7% during the third quarter. FMR LLC now owns 49,033 shares of the technology company's stock valued at $3,390,000 after acquiring an additional 4,721 shares during the period. Finally, Capital Fund Management S.A. lifted its stake in shares of Logitech International by 347.8% during the second quarter. Capital Fund Management S.A. now owns 98,020 shares of the technology company's stock valued at $5,822,000 after acquiring an additional 76,130 shares during the period. 45.76% of the stock is currently owned by institutional investors.

Logitech International Price Performance

Shares of LOGI stock traded down $0.20 during trading on Friday, reaching $87.36. The company had a trading volume of 323,409 shares, compared to its average volume of 396,678. The firm's 50 day simple moving average is $88.10 and its two-hundred day simple moving average is $85.07. Logitech International has a one year low of $53.91 and a one year high of $96.66. The company has a market capitalization of $13.82 billion, a PE ratio of 28.55, a PEG ratio of 1.80 and a beta of 0.74.

Logitech International (NASDAQ:LOGI - Get Free Report) last issued its quarterly earnings data on Monday, January 22nd. The technology company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.43. Logitech International had a return on equity of 23.84% and a net margin of 11.44%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. Analysts forecast that Logitech International will post 3.44 earnings per share for the current year.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.