Deutsche Bank Aktiengesellschaft Reaffirms Sell Rating for Logitech International (NASDAQ:LOGI)

Deutsche Bank Aktiengesellschaft restated their sell rating on shares of Logitech International (NASDAQ:LOGI - Free Report) in a report released on Tuesday morning, MarketBeat reports.

A number of other research firms also recently weighed in on LOGI. Citigroup upped their target price on Logitech International from $98.00 to $100.00 and gave the stock a neutral rating in a research report on Thursday, April 4th. Berenberg Bank assumed coverage on Logitech International in a report on Thursday, March 14th. They issued a buy rating and a $111.00 price target on the stock. Morgan Stanley reaffirmed an underweight rating and issued a $75.00 price target (down previously from $85.00) on shares of Logitech International in a report on Monday. StockNews.com cut Logitech International from a strong-buy rating to a buy rating in a report on Thursday, March 14th. Finally, Wedbush reissued a neutral rating and set a $92.00 target price on shares of Logitech International in a research note on Monday, March 18th. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $92.43.

Logitech International Price Performance

Shares of NASDAQ LOGI traded down $1.57 during midday trading on Tuesday, hitting $79.69. 1,005,598 shares of the company's stock were exchanged, compared to its average volume of 447,854. The stock's 50 day moving average price is $88.35 and its 200-day moving average price is $85.90. The firm has a market cap of $12.60 billion, a P/E ratio of 26.05, a PEG ratio of 1.79 and a beta of 0.74. Logitech International has a twelve month low of $53.91 and a twelve month high of $96.66.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its earnings results on Monday, January 22nd. The technology company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.43. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. Logitech International had a return on equity of 23.84% and a net margin of 11.44%. On average, analysts expect that Logitech International will post 3.44 EPS for the current fiscal year.

Insider Buying and Selling

In related news, 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 directly owns 11,910 shares in the company, valued at $1,002,464.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Prakash Arunkundrum sold 23,023 shares of the company's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $90.00, for a total transaction of $2,072,070.00. Following the completion of the transaction, the chief operating officer now owns 61,056 shares of the company's stock, valued at $5,495,040. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Samantha Harnett sold 650 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $84.17, for a total transaction of $54,710.50. Following the completion of the transaction, the insider now directly owns 11,910 shares of the company's stock, valued at approximately $1,002,464.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,572 shares of company stock worth $2,207,555. Corporate insiders own 0.15% of the company's stock.

Institutional Trading of Logitech International

Hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in Logitech International by 9.0% in the first quarter. PNC Financial Services Group Inc. now owns 3,018 shares of the technology company's stock worth $223,000 after purchasing an additional 249 shares during the period. Natixis Advisors L.P. acquired a new stake in Logitech International in the 1st quarter valued at $1,064,000. BlackRock Inc. increased its stake in Logitech International by 19.2% in the 1st quarter. BlackRock Inc. now owns 578,107 shares of the technology company's stock valued at $42,652,000 after buying an additional 93,104 shares during the last quarter. Cibc World Market Inc. increased its stake in Logitech International by 51.9% in the 1st quarter. Cibc World Market Inc. now owns 8,775 shares of the technology company's stock valued at $647,000 after buying an additional 3,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Logitech International by 24.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 469,184 shares of the technology company's stock valued at $34,625,000 after buying an additional 91,536 shares during the last quarter. 45.76% of the stock is owned by institutional investors.

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.