Brokerages Set Logitech International S.A. (NASDAQ:LOGI) PT at $92.43

Shares of Logitech International S.A. (NASDAQ:LOGI) have been assigned a consensus rating of “Hold” from the eight research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $91.00.

Several brokerages recently weighed in on LOGI. Citigroup increased their target price on Logitech International from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Logitech International in a research note on Tuesday, April 16th. Berenberg Bank assumed coverage on shares of Logitech International in a research note on Thursday, March 14th. They set a “buy” rating and a $111.00 price objective for the company. StockNews.com cut shares of Logitech International from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. Finally, Morgan Stanley restated an “underweight” rating and issued a $75.00 price target (down previously from $85.00) on shares of Logitech International in a research note on Monday, April 15th.

Logitech International Stock Performance

Shares of NASDAQ:LOGI opened at $82.09 on Wednesday. The firm has a fifty day moving average of $86.52 and a 200 day moving average of $86.46. Logitech International has a 52-week low of $53.91 and a 52-week high of $96.66. The firm has a market capitalization of $12.98 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 2.56 and a beta of 0.78.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings results on Monday, April 29th. The technology company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.55 by $0.34. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $956.85 million. Logitech International had a net margin of 14.24% and a return on equity of 27.68%. On average, sell-side analysts forecast that Logitech International will post 3.67 EPS for the current fiscal year.

Insider Buying and Selling at Logitech International

In other Logitech International news, insider Samantha Harnett sold 650 shares of the firm’s 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 sale, the insider now owns 11,910 shares in the company, valued at approximately $1,002,464.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Logitech International news, 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 transaction of $54,710.50. Following the sale, the insider now directly owns 11,910 shares of the company’s stock, valued at $1,002,464.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Prakash Arunkundrum sold 699 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $90.00, for a total value of $62,910.00. Following the completion of the transaction, the chief operating officer now directly owns 67,848 shares of the company’s stock, valued at approximately $6,106,320. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,572 shares of company stock valued at $2,207,555. Company insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Logitech International

Several institutional investors have recently added to or reduced their stakes in LOGI. Vontobel Holding Ltd. lifted its stake in shares of Logitech International by 2.3% in the 4th quarter. Vontobel Holding Ltd. now owns 5,285,659 shares of the technology company’s stock valued at $501,223,000 after purchasing an additional 121,060 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Logitech International by 36.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,822,286 shares of the technology company’s stock valued at $267,457,000 after purchasing an additional 760,263 shares during the last quarter. Allworth Financial LP lifted its stake in Logitech International by 249.1% in the third quarter. Allworth Financial LP now owns 754 shares of the technology company’s stock worth $52,000 after purchasing an additional 538 shares during the last quarter. Qtron Investments LLC bought a new position in shares of Logitech International during the third quarter valued at approximately $585,000. Finally, Tudor Investment Corp Et Al lifted its stake in shares of Logitech International by 73.3% during the 3rd quarter. Tudor Investment Corp Et Al now owns 58,914 shares of the technology company’s stock worth $4,062,000 after acquiring an additional 24,923 shares during the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

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.