Logitech International (NASDAQ:LOGI) Rating Reiterated by Deutsche Bank Aktiengesellschaft

Logitech International (NASDAQ:LOGI)‘s stock had its “sell” rating reiterated by research analysts at Deutsche Bank Aktiengesellschaft in a report issued on Tuesday, MarketBeat.com reports.

A number of other equities research analysts have also recently commented on the stock. Wedbush reissued a “neutral” rating and issued a $92.00 price objective on shares of Logitech International in a research note on Monday, March 18th. Citigroup upped their target price on shares of Logitech International from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Barclays upped their target price on shares of Logitech International from $96.00 to $104.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. Morgan Stanley restated an “underweight” rating and issued a $75.00 target price (down from $85.00) on shares of Logitech International in a report on Monday. Finally, Berenberg Bank initiated coverage on shares of Logitech International in a report on Thursday, March 14th. They issued a “buy” rating and a $111.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Logitech International currently has a consensus rating of “Hold” and an average price target of $92.43.

Logitech International Trading Down 0.9 %

Shares of NASDAQ LOGI opened at $79.00 on Tuesday. The stock has a market cap of $12.49 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 1.67 and a beta of 0.74. Logitech International has a 52 week low of $53.91 and a 52 week high of $96.66. The company’s 50-day moving average price is $88.15 and its 200 day moving average price is $85.93.

Logitech International (NASDAQ:LOGI) last issued its quarterly earnings data on Monday, January 22nd. The technology company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.43. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Logitech International had a net margin of 11.44% and a return on equity of 23.84%. As a group, research analysts expect that Logitech International will post 3.44 earnings per share for the current year.

Insider Transactions at Logitech International

In other news, COO Prakash Arunkundrum sold 23,023 shares of the stock in a transaction dated Monday, February 26th. The shares were 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 in the company, valued at approximately $5,495,040. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Samantha Harnett sold 650 shares of the 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 completion of the sale, the insider now owns 11,910 shares of the company’s stock, valued at approximately $1,002,464.70. The transaction was disclosed in a filing with the SEC, which can be accessed 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 transaction of $2,072,070.00. Following the sale, the chief operating officer now directly owns 61,056 shares of the company’s stock, valued at approximately $5,495,040. The disclosure for this sale can be found here. Insiders have sold a total of 24,572 shares of company stock worth $2,207,555 in the last three months. Company insiders own 0.15% of the company’s stock.

Institutional Trading of Logitech International

Institutional investors and hedge funds have recently bought and sold shares of the business. Impact Partnership Wealth LLC acquired a new stake in Logitech International during the 3rd quarter worth approximately $25,000. Benjamin F. Edwards & Company Inc. acquired a new stake in Logitech International during the 4th quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. grew its position in Logitech International by 233.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 551 shares of the technology company’s stock valued at $34,000 after acquiring an additional 386 shares in the last quarter. Blue Trust Inc. grew its position in Logitech International by 65.6% in the fourth quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock valued at $40,000 after acquiring an additional 168 shares in the last quarter. Finally, National Bank of Canada FI grew its position in Logitech International by 529.4% in the fourth quarter. National Bank of Canada FI now owns 428 shares of the technology company’s stock valued at $40,000 after acquiring an additional 360 shares in 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 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.