Logitech International (NASDAQ:LOGI) Given Sell Rating at Deutsche Bank Aktiengesellschaft

Logitech International (NASDAQ:LOGI)‘s stock had its “sell” rating reissued by equities researchers at Deutsche Bank Aktiengesellschaft in a research note issued on Tuesday, Marketbeat Ratings reports.

Several other research analysts also recently commented on the company. Citigroup lifted their target price on Logitech International from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Wedbush reaffirmed a “neutral” rating and set a $92.00 target price on shares of Logitech International in a report on Monday, March 18th. StockNews.com downgraded Logitech International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 14th. Barclays boosted 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, Morgan Stanley reissued 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. Three investment 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. According to data from MarketBeat.com, Logitech International presently has an average rating of “Hold” and a consensus price target of $92.43.

Logitech International Trading Down 0.9 %

Shares of LOGI opened at $79.00 on Tuesday. The company has a market capitalization of $12.49 billion, a PE ratio of 25.82, a PEG ratio of 1.67 and a beta of 0.74. Logitech International has a 12 month low of $53.91 and a 12 month high of $96.66. The stock’s 50-day moving average price is $88.15 and its two-hundred day moving average price is $85.93.

Logitech International (NASDAQ:LOGI) last announced its earnings results on Monday, January 22nd. The technology company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.00 by $0.43. The firm had revenue of $1.26 billion for 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%. Equities research analysts predict that Logitech International will post 3.44 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Prakash Arunkundrum sold 23,023 shares of the company’s stock in a transaction that occurred on 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 directly owns 61,056 shares of the company’s stock, valued at approximately $5,495,040. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Samantha Harnett sold 650 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was 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 of the company’s stock, valued at $1,002,464.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Prakash Arunkundrum sold 23,023 shares of the stock in a transaction that occurred 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 $5,495,040. The disclosure for this sale can be found here. In the last three months, 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 Trading of Logitech International

Institutional investors and hedge funds have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Logitech International in the fourth quarter worth approximately $33,000. Impact Partnership Wealth LLC purchased a new stake in shares of Logitech International in the third quarter worth approximately $25,000. Blue Trust Inc. raised its stake in shares of Logitech International by 65.6% in the fourth quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock worth $40,000 after purchasing an additional 168 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Logitech International by 529.4% in the fourth quarter. National Bank of Canada FI now owns 428 shares of the technology company’s stock worth $40,000 after purchasing an additional 360 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Logitech International in the first quarter worth approximately $42,000. 45.76% of the stock is owned by hedge funds and other institutional investors.

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.