Logitech International (NASDAQ:LOGI) Given New $99.00 Price Target at JPMorgan Chase & Co.

Logitech International (NASDAQ:LOGI) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from $93.00 to $99.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 13.51% from the stock’s previous close.

Other analysts have also recently issued reports about the company. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Wedbush reissued a “neutral” rating and issued a $88.00 target price on shares of Logitech International in a report on Wednesday, October 23rd. StockNews.com downgraded Logitech International from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Bank of America cut shares of Logitech International from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $114.00 to $92.00 in a research note on Monday, December 16th. Finally, Barclays reduced their price objective on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Logitech International currently has an average rating of “Hold” and a consensus price target of $93.63.

Logitech International Price Performance

Shares of NASDAQ LOGI opened at $87.22 on Tuesday. The stock has a market cap of $13.79 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 2.74 and a beta of 0.77. Logitech International has a 1 year low of $74.72 and a 1 year high of $102.59. The firm has a 50-day moving average of $82.83 and a 200 day moving average of $85.71.

Insider Buying and Selling at Logitech International

In related news, Director Guy Gecht acquired 2,500 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was purchased at an average cost of $81.12 per share, with a total value of $202,800.00. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On Logitech International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Logitech International by 6.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,206 shares of the technology company’s stock valued at $200,000 after buying an additional 128 shares during the period. Rosenberg Matthew Hamilton increased its position in Logitech International by 5.8% during the third quarter. Rosenberg Matthew Hamilton now owns 2,339 shares of the technology company’s stock valued at $210,000 after acquiring an additional 128 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in Logitech International by 0.3% in the second quarter. Public Sector Pension Investment Board now owns 65,450 shares of the technology company’s stock valued at $6,331,000 after acquiring an additional 168 shares during the period. Investment Management Corp of Ontario boosted its position in Logitech International by 0.4% in the third quarter. Investment Management Corp of Ontario now owns 40,439 shares of the technology company’s stock worth $3,629,000 after purchasing an additional 170 shares during the last quarter. Finally, Tealwood Asset Management Inc. grew its stake in shares of Logitech International by 1.2% during the 4th quarter. Tealwood Asset Management Inc. now owns 14,952 shares of the technology company’s stock valued at $1,231,000 after purchasing an additional 175 shares during the period. Hedge funds and other institutional investors 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.