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

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

Other analysts have also issued reports about the stock. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Wedbush reaffirmed a “neutral” rating and set a $88.00 target price on shares of Logitech International in a report on Wednesday. Morgan Stanley raised shares of Logitech International from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $73.00 to $92.00 in a research note on Thursday. Loop Capital lowered their target price on Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research note on Monday, October 28th. Finally, Barclays dropped their price target on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned 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 $95.75.

Logitech International Stock Up 4.2 %

Logitech International stock traded up $3.70 during midday trading on Thursday, hitting $91.55. The company’s stock had a trading volume of 1,250,455 shares, 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 company has a market capitalization of $14.48 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.83 and a beta of 0.77. The stock’s 50-day moving average price is $83.57 and its 200-day moving average price is $85.74.

Hedge Funds Weigh In On Logitech International

A number of hedge funds have recently made changes to their positions in the business. Barclays PLC grew its position in Logitech International by 64.2% in the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock valued at $451,426,000 after acquiring an additional 1,967,133 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Logitech International by 2,315.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock valued at $119,673,000 after purchasing an additional 1,385,493 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Logitech International in the 3rd quarter worth about $15,891,000. Marshall Wace LLP increased its position in shares of Logitech International by 57.3% during the 2nd quarter. Marshall Wace LLP now owns 450,897 shares of the technology company’s stock worth $43,615,000 after purchasing an additional 164,307 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in Logitech International by 4,876.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock valued at $13,798,000 after purchasing an additional 164,185 shares during the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

Logitech International Company Profile

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.