Logitech International (NASDAQ:LOGI) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Logitech International (NASDAQ:LOGI – Get Rating) in a report released on Thursday. The brokerage issued a hold rating on the technology company’s stock.

Other equities analysts have also issued reports about the company. UBS Group lowered Logitech International from a buy rating to a neutral rating in a research note on Tuesday, February 21st. TheStreet upgraded Logitech International from a c+ rating to a b- rating in a research note on Thursday, December 8th. Loop Capital boosted their price target on Logitech International from $50.00 to $55.00 in a research note on Thursday, January 26th. Credit Suisse Group lowered Logitech International from an outperform rating to a neutral rating in a research note on Monday, March 13th. Finally, Wedbush lowered Logitech International from an outperform rating to a neutral rating and lowered their price objective for the company from $70.00 to $60.00 in a research note on Thursday, January 12th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $68.73.

Logitech International Trading Down 0.4 %

LOGI traded down $0.23 on Thursday, hitting $53.23. 769,309 shares of the stock traded hands, compared to its average volume of 586,341. Logitech International has a 52 week low of $41.81 and a 52 week high of $78.96. The firm has a market capitalization of $8.71 billion, a PE ratio of 20.39, a P/E/G ratio of 4.54 and a beta of 0.90. The business has a fifty day moving average price of $56.74 and a two-hundred day moving average price of $54.74.

Insider Buying and Selling

In related news, insider Prakash Arunkundrum sold 5,831 shares of the stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $65.04, for a total transaction of $379,248.24. Following the sale, the insider now directly owns 63,000 shares in the company, valued at approximately $4,097,520. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.76% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Logitech International

Large investors have recently bought and sold shares of the business. Quadrant Capital Group LLC grew its position in Logitech International by 76.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,662 shares of the technology company’s stock worth $87,000 after acquiring an additional 718 shares during the last quarter. Creative Planning lifted its holdings in Logitech International by 14.4% during the 3rd quarter. Creative Planning now owns 15,754 shares of the technology company’s stock worth $725,000 after buying an additional 1,977 shares in the last quarter. Balentine LLC lifted its holdings in Logitech International by 16.7% during the 3rd quarter. Balentine LLC now owns 9,588 shares of the technology company’s stock worth $441,000 after buying an additional 1,369 shares in the last quarter. PDT Partners LLC acquired a new position in Logitech International during the 2nd quarter worth $3,763,000. Finally, Carolina Wealth Advisors LLC acquired a new position in Logitech International during the 4th quarter worth $6,628,000. 35.93% of the stock is currently owned by institutional investors.

Logitech International Company Profile

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Logitech International SA is a holding company, which engages in the design, manufacture, and marketing of peripherals for PCs, tablets, and other digital platforms. Its products include mice, keyboards, presentation remotes, headsets, and speakers. The firm offers solutions for healthy computing, wireless charging, streaming, virtual reality, schools, healthcare, and software and apps.