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

Deutsche Bank Aktiengesellschaft upgraded shares of Logitech International (NASDAQ:LOGI) from a sell rating to a hold rating in a report released on Friday, Marketbeat.com reports.

A number of other research firms also recently weighed in on LOGI. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. raised their price objective on shares of Logitech International from $99.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday. Kepler Capital Markets raised Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday. 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 report on Monday, December 16th. Finally, Morgan Stanley raised shares of Logitech International from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $73.00 to $92.00 in a report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Logitech International currently has a consensus rating of “Hold” and an average target price of $97.13.

Logitech International Stock Down 1.9 %

LOGI opened at $97.42 on Friday. The stock’s 50 day moving average price is $85.54 and its two-hundred day moving average price is $85.83. The firm has a market capitalization of $15.41 billion, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 3.01 and a beta of 0.77. Logitech International has a 12-month low of $74.72 and a 12-month high of $102.59.

Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Tuesday, January 28th. The technology company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.07. Logitech International had a net margin of 14.38% and a return on equity of 30.20%. As a group, analysts anticipate that Logitech International will post 4.13 earnings per share for the current year.

Institutional Investors Weigh In On Logitech International

A number of institutional investors and hedge funds have recently made changes to their positions in LOGI. AQR Capital Management LLC bought a new position in Logitech International in the second quarter valued at about $235,000. Creative Planning boosted its stake in shares of Logitech International by 5.1% in the 2nd quarter. Creative Planning now owns 28,611 shares of the technology company’s stock valued at $2,772,000 after purchasing an additional 1,391 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Logitech International by 14.1% during the 2nd quarter. Cetera Investment Advisers now owns 13,882 shares of the technology company’s stock worth $1,345,000 after buying an additional 1,717 shares during the period. Park Avenue Securities LLC raised its stake in shares of Logitech International by 124.0% during the third quarter. Park Avenue Securities LLC now owns 20,451 shares of the technology company’s stock worth $1,835,000 after buying an additional 11,321 shares during the last quarter. Finally, Syquant Capital Sas lifted its holdings in Logitech International by 18.0% in the third quarter. Syquant Capital Sas now owns 2,245 shares of the technology company’s stock valued at $201,000 after buying an additional 343 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.