Logitech International (NASDAQ:LOGI) Given “Neutral” Rating at Wedbush

Logitech International (NASDAQ:LOGI)‘s stock had its “neutral” rating restated by equities research analysts at Wedbush in a report issued on Wednesday,RTT News reports. They presently have a $88.00 price objective on the technology company’s stock. Wedbush’s target price points to a potential upside of 0.17% from the company’s previous close.

Several other brokerages also recently weighed in on LOGI. UBS Group upgraded Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Loop Capital cut their price target 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. Barclays cut their price objective on Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Bank of America cut Logitech International from a “buy” rating to a “neutral” rating and cut their price objective for the company from $114.00 to $92.00 in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. upped their price objective on Logitech International from $93.00 to $99.00 and gave the company a “neutral” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Logitech International currently has a consensus rating of “Hold” and an average price target of $93.63.

Logitech International Trading Down 2.6 %

Shares of NASDAQ LOGI traded down $2.35 during trading on Wednesday, reaching $87.85. The company had a trading volume of 714,133 shares, compared to its average volume of 659,033. Logitech International has a twelve month low of $74.72 and a twelve month high of $102.59. The stock has a market capitalization of $13.89 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 2.74 and a beta of 0.77. The stock has a 50-day moving average price of $83.30 and a two-hundred day moving average price of $85.70.

Insider Activity

In related news, Director Guy Gecht acquired 2,500 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was purchased at an average price of $81.12 per share, for a total transaction of $202,800.00. Following the transaction, the director now directly owns 18,503 shares of the company’s stock, valued at approximately $1,500,963.36. This trade represents a 15.62 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Blue Trust Inc. increased its position in shares of Logitech International by 34.9% in the 4th quarter. Blue Trust Inc. now owns 7,867 shares of the technology company’s stock valued at $706,000 after buying an additional 2,034 shares in the last quarter. Marshall Financial Group LLC bought a new stake in shares of Logitech International in the 4th quarter valued at $1,677,000. DGS Capital Management LLC bought a new stake in shares of Logitech International in the 4th quarter valued at $219,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in shares of Logitech International by 2.9% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 152,912 shares of the technology company’s stock valued at $12,656,000 after buying an additional 4,369 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Logitech International by 4,876.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock valued at $13,798,000 after buying an additional 164,185 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

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.