Logitech International (NASDAQ:LOGI) Stock Rating Upgraded by Kepler Capital Markets

Logitech International (NASDAQ:LOGI - Get Free Report) was upgraded by equities researchers at Kepler Capital Markets from a "hold" rating to a "buy" rating in a report issued on Thursday, Marketbeat reports.

A number of other brokerages have also recently issued reports on LOGI. Loop Capital dropped their price target on shares of Logitech International from $88.00 to $81.00 and set a "hold" rating on the stock in a research note on Monday, October 28th. Citigroup upped their price objective on Logitech International from $92.00 to $105.00 and gave the company a "neutral" rating in a research report on Wednesday. StockNews.com raised Logitech International from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Bank of America downgraded Logitech International from a "buy" rating to a "neutral" rating and lowered their price target for the company from $114.00 to $92.00 in a report on Monday, December 16th. Finally, Morgan Stanley raised Logitech International from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $73.00 to $92.00 in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $97.13.

Logitech International Stock Up 2.6 %

Shares of NASDAQ:LOGI traded up $2.49 during midday trading on Thursday, hitting $99.28. 1,242,616 shares of the stock traded hands, compared to its average volume of 845,375. Logitech International has a one year low of $74.72 and a one year high of $102.59. The stock has a market capitalization of $15.70 billion, a PE ratio of 22.11, a P/E/G ratio of 2.74 and a beta of 0.77. The business's 50 day moving average is $84.79 and its two-hundred day moving average is $85.70.

Logitech International (NASDAQ:LOGI - Get Free Report) last announced its earnings results on Tuesday, January 28th. The technology company reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.07. Logitech International had a net margin of 15.65% and a return on equity of 30.68%. As a group, sell-side analysts forecast that Logitech International will post 4.12 earnings per share for the current year.

Institutional Investors Weigh In On Logitech International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC boosted its position 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 purchasing an additional 1,967,133 shares during the period. Vontobel Holding Ltd. raised its holdings in Logitech International by 34.2% during the fourth quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company's stock valued at $402,802,000 after acquiring an additional 1,240,478 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Logitech International by 3.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company's stock valued at $219,611,000 after acquiring an additional 89,788 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Logitech International by 2,315.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company's stock worth $119,673,000 after acquiring an additional 1,385,493 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of Logitech International by 1.8% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,097,951 shares of the technology company's stock worth $98,348,000 after purchasing an additional 19,046 shares in the last quarter. 45.76% of the stock is currently owned by hedge funds and other institutional investors.

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.