Logitech International (NASDAQ:LOGI) Upgraded at StockNews.com

Logitech International (NASDAQ:LOGI) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

LOGI has been the topic of a number of other reports. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Loop Capital cut their price objective on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a report on Monday, October 28th. JPMorgan Chase & Co. raised their target price on Logitech International from $93.00 to $99.00 and gave the company a “neutral” rating in a research note on Tuesday. Bank of America cut Logitech International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $114.00 to $92.00 in a research note on Monday, December 16th. Finally, Barclays lowered their price objective on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $95.75.

Logitech International Stock Performance

Shares of NASDAQ:LOGI traded up $3.70 during trading on Thursday, reaching $91.55. 1,250,455 shares of the stock were exchanged, compared to its average volume of 701,284. Logitech International has a 12-month low of $74.72 and a 12-month high of $102.59. The firm has a market cap of $14.48 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 2.83 and a beta of 0.77. The firm’s 50-day moving average price is $83.57 and its 200 day moving average price is $85.74.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LOGI. Envestnet Asset Management Inc. lifted its holdings in Logitech International by 11.0% in the second quarter. Envestnet Asset Management Inc. now owns 104,168 shares of the technology company’s stock worth $10,092,000 after acquiring an additional 10,317 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Logitech International by 139.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock valued at $82,000 after purchasing an additional 495 shares during the period. EverSource Wealth Advisors LLC grew its stake in Logitech International by 6.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,206 shares of the technology company’s stock worth $200,000 after buying an additional 128 shares during the last quarter. Public Sector Pension Investment Board increased its position in Logitech International by 0.3% in the second quarter. Public Sector Pension Investment Board now owns 65,450 shares of the technology company’s stock worth $6,331,000 after buying an additional 168 shares during the period. Finally, Evergreen Capital Management LLC lifted its stake in Logitech International by 5.9% in the second quarter. Evergreen Capital Management LLC now owns 3,510 shares of the technology company’s stock valued at $340,000 after buying an additional 194 shares during the last quarter. 45.76% of the stock is currently owned by institutional investors.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.