Logitech International (NASDAQ:LOGI) Sees Large Volume Increase

Logitech International S.A. (NASDAQ:LOGI - Get Free Report) shares saw an uptick in trading volume on Monday . 309,290 shares were traded during trading, a decline of 31% from the previous session's volume of 448,332 shares.The stock last traded at $79.05 and had previously closed at $79.26.

Analysts Set New Price Targets

A number of research firms have commented on LOGI. Wedbush restated a "neutral" rating and set a $92.00 price target on shares of Logitech International in a research note on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Logitech International in a research note on Tuesday, April 16th. Morgan Stanley reiterated an "underweight" rating and issued a $75.00 price objective (down from $85.00) on shares of Logitech International in a research note on Monday, April 15th. Barclays increased their price objective on Logitech International from $96.00 to $104.00 and gave the company an "overweight" rating in a research note on Wednesday, January 24th. Finally, StockNews.com cut Logitech International from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $92.43.

Logitech International Stock Up 0.2 %

The firm has a fifty day simple moving average of $87.14 and a 200-day simple moving average of $86.44. The company has a market cap of $12.56 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 1.65 and a beta of 0.74.

Insiders Place Their Bets

In other Logitech International news, COO Prakash Arunkundrum sold 23,023 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $90.00, for a total transaction of $2,072,070.00. Following 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 filing with the SEC, which is accessible through the SEC website. In related news, COO Prakash Arunkundrum sold 23,023 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $90.00, for a total transaction of $2,072,070.00. Following the transaction, the chief operating officer now owns 61,056 shares of the company's stock, valued at $5,495,040. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Samantha Harnett sold 650 shares of the firm's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $84.17, for a total value of $54,710.50. Following the transaction, the insider now directly owns 11,910 shares in the company, valued at approximately $1,002,464.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,572 shares of company stock valued at $2,207,555. 0.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Logitech International

A number of hedge funds and other institutional investors have recently made changes to their positions in LOGI. CWM LLC grew its holdings in shares of Logitech International by 16.9% during the third quarter. CWM LLC now owns 1,127 shares of the technology company's stock worth $78,000 after buying an additional 163 shares during the last quarter. Cigna Investments Inc. New acquired a new stake in Logitech International in the third quarter valued at about $219,000. Raymond James Financial Services Advisors Inc. lifted its position in Logitech International by 102.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 10,228 shares of the technology company's stock valued at $705,000 after purchasing an additional 5,185 shares during the period. Forsta AP Fonden lifted its position in Logitech International by 2.8% in the third quarter. Forsta AP Fonden now owns 51,446 shares of the technology company's stock valued at $3,547,000 after purchasing an additional 1,395 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in Logitech International by 22.6% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 270,372 shares of the technology company's stock valued at $18,702,000 after purchasing an additional 49,755 shares during the period. Hedge funds and other institutional investors own 45.76% of the company's stock.

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.