Logitech International (NASDAQ:LOGI) Stock Rating Lowered by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Logitech International (NASDAQ:LOGI - Free Report) from an overweight rating to a neutral rating in a research report sent to investors on Wednesday, Marketbeat.com reports. They currently have $85.00 price target on the technology company's stock, down from their prior price target of $92.00.

Other equities research analysts also recently issued reports about the company. Berenberg Bank assumed coverage on Logitech International in a research report on Thursday, March 14th. They set a buy rating and a $111.00 price objective on the stock. Deutsche Bank Aktiengesellschaft restated a sell rating on shares of Logitech International in a research report on Tuesday, April 16th. Barclays increased their target price on shares of Logitech International from $96.00 to $104.00 and gave the company an overweight rating in a research note on Wednesday, January 24th. Wedbush reaffirmed a neutral rating and set a $92.00 price target on shares of Logitech International in a research note on Tuesday. Finally, StockNews.com lowered shares of Logitech International from a strong-buy rating to a buy rating in a research report on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $91.00.

Logitech International Stock Performance

NASDAQ:LOGI traded up $0.62 during trading hours on Wednesday, reaching $79.01. The stock had a trading volume of 655,344 shares, compared to its average volume of 476,502. The stock has a market capitalization of $12.50 billion, a PE ratio of 25.93, a PEG ratio of 1.65 and a beta of 0.74. Logitech International has a 52 week low of $53.91 and a 52 week high of $96.66. The company has a 50 day moving average price of $86.82 and a two-hundred day moving average price of $86.55.

Logitech International (NASDAQ:LOGI - Get Free Report) last released its quarterly earnings data on Monday, April 29th. The technology company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.55 by $0.34. Logitech International had a net margin of 11.44% and a return on equity of 23.84%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $956.85 million. Equities research analysts predict that Logitech International will post 3.47 EPS for the current year.

Insider Activity at Logitech International

In other news, COO Prakash Arunkundrum sold 23,023 shares of the business's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $90.00, for a total value of $2,072,070.00. Following the completion of the transaction, the chief operating officer now directly owns 61,056 shares of the company's stock, valued at approximately $5,495,040. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Samantha Harnett sold 650 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $84.17, for a total transaction of $54,710.50. Following the completion of the sale, the insider now owns 11,910 shares of the company's stock, valued at $1,002,464.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Prakash Arunkundrum sold 23,023 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $90.00, for a total value of $2,072,070.00. Following the completion of the sale, the chief operating officer now directly owns 61,056 shares of the company's stock, valued at approximately $5,495,040. The disclosure for this sale can be found here. Insiders have sold a total of 24,572 shares of company stock valued at $2,207,555 over the last ninety days. 0.15% of the stock is owned by company insiders.

Institutional Trading of Logitech International

A number of institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in Logitech International during the 4th quarter valued at about $214,130,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Logitech International by 36.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,822,286 shares of the technology company's stock valued at $267,457,000 after buying an additional 760,263 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Logitech International by 1,932.5% in the 1st quarter. Assenagon Asset Management S.A. now owns 480,655 shares of the technology company's stock worth $43,098,000 after buying an additional 457,006 shares during the period. Acadian Asset Management LLC raised its position in Logitech International by 317.8% during the 3rd quarter. Acadian Asset Management LLC now owns 546,851 shares of the technology company's stock worth $37,817,000 after buying an additional 415,950 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Logitech International by 20.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,837,505 shares of the technology company's stock valued at $174,162,000 after acquiring an additional 306,948 shares during the period. 45.76% of the stock is currently owned by institutional investors and hedge funds.

Logitech International Company Profile

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.