Logitech International (NASDAQ:LOGI) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Logitech International (NASDAQ:LOGI) from a hold rating to a buy rating in a research report sent to investors on Thursday.

LOGI has been the subject of several other research reports. Barclays reduced their price target on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Loop Capital decreased their price target on shares of Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, October 28th. 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. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Finally, Bank of America cut Logitech International from a “buy” rating to a “neutral” rating and dropped their price target for the company from $114.00 to $92.00 in a research report on Monday, December 16th. 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, the company presently has a consensus rating of “Hold” and an average target price of $95.75.

Logitech International Trading Up 4.2 %

LOGI stock opened at $91.55 on Thursday. The stock has a market cap of $14.48 billion, a P/E ratio of 20.39, a P/E/G ratio of 2.83 and a beta of 0.77. The stock’s fifty day simple moving average is $83.57 and its two-hundred day simple moving average is $85.74. Logitech International has a 1-year low of $74.72 and a 1-year high of $102.59.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LOGI. Barclays PLC lifted its holdings in shares of Logitech International by 64.2% in the third quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock worth $451,426,000 after buying an additional 1,967,133 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in 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 worth $119,673,000 after purchasing an additional 1,385,493 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Logitech International in the 3rd quarter valued at $15,891,000. Marshall Wace LLP grew 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 valued at $43,615,000 after purchasing an additional 164,307 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Logitech International by 4,876.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock worth $13,798,000 after purchasing an additional 164,185 shares during the period. Institutional investors 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.