Logitech International (NASDAQ:LOGI) Rating Reiterated by Wedbush

Logitech International (NASDAQ:LOGI - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities research analysts at Wedbush in a research report issued on Tuesday, Benzinga reports. They currently have a $92.00 price objective on the technology company's stock. Wedbush's price target points to a potential upside of 16.44% from the company's previous close.

Other equities analysts have also issued reports about the stock. Morgan Stanley reaffirmed an "underweight" rating and issued a $75.00 target price (down from $85.00) on shares of Logitech International in a research note on Monday, April 15th. Berenberg Bank began coverage on shares of Logitech International in a research note on Thursday, March 14th. They issued a "buy" rating and a $111.00 target price for the company. Barclays upped their target price on shares of Logitech International from $96.00 to $104.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 24th. StockNews.com cut shares of Logitech International from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Logitech International in a research report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $92.43.

Logitech International Trading Up 1.0 %

Shares of LOGI stock traded up $0.78 on Tuesday, hitting $79.01. The stock had a trading volume of 349,627 shares, compared to its average volume of 450,457. Logitech International has a twelve month low of $53.91 and a twelve month high of $96.66. The firm has a market cap of $12.50 billion, a P/E ratio of 25.82, a PEG ratio of 1.62 and a beta of 0.74. The company has a fifty day moving average price of $87.60 and a two-hundred day moving average price of $86.27.

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

Insider Activity

In other news, insider Samantha Harnett sold 650 shares of the company's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $84.17, for a total value of $54,710.50. Following the sale, the insider now directly 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 SEC, which can be accessed through the SEC website. In related news, COO Prakash Arunkundrum sold 699 shares of Logitech International stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $90.00, for a total transaction of $62,910.00. Following the completion of the transaction, the chief operating officer now owns 67,848 shares of the company's stock, valued at $6,106,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Samantha Harnett sold 650 shares of the firm's stock in a transaction 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 completion of the sale, the insider now owns 11,910 shares of the company's stock, valued at $1,002,464.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,572 shares of company stock valued at $2,207,555. 0.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Claro Advisors LLC raised its position in shares of Logitech International by 6.2% in the first quarter. Claro Advisors LLC now owns 2,241 shares of the technology company's stock valued at $200,000 after purchasing an additional 131 shares during the period. CWM LLC grew its stake in Logitech International by 16.9% during the third quarter. CWM LLC now owns 1,127 shares of the technology company's stock valued at $78,000 after acquiring an additional 163 shares in the last quarter. Blue Trust Inc. grew its stake in Logitech International by 65.6% during the fourth quarter. Blue Trust Inc. now owns 424 shares of the technology company's stock valued at $40,000 after acquiring an additional 168 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in Logitech International by 4.7% during the fourth quarter. First Citizens Bank & Trust Co. now owns 6,594 shares of the technology company's stock valued at $627,000 after acquiring an additional 297 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV grew its stake in Logitech International by 0.8% during the first quarter. Azzad Asset Management Inc. ADV now owns 37,008 shares of the technology company's stock valued at $3,307,000 after acquiring an additional 303 shares in the last quarter. 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.