Logitech International (NASDAQ:LOGI) Price Target Raised to $99.00

Logitech International (NASDAQ:LOGI) had its price target boosted by JPMorgan Chase & Co. from $93.00 to $99.00 in a report released on Tuesday, MarketBeat Ratings reports. The brokerage currently has a neutral rating on the technology company’s stock.

Several other equities analysts also recently commented on LOGI. UBS Group raised Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Bank of America cut shares of Logitech International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $114.00 to $92.00 in a report on Monday, December 16th. Barclays reduced their price target on shares of Logitech International from $105.00 to $103.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Loop Capital dropped their target price 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. Finally, StockNews.com downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $95.75.

Logitech International Stock Performance

LOGI opened at $91.55 on Tuesday. The stock’s 50 day moving average price is $83.57 and its 200-day moving average price is $85.74. Logitech International has a one year low of $74.72 and a one year high of $102.59. The stock has a market cap of $14.48 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 2.83 and a beta of 0.77.

Institutional Investors Weigh In On Logitech International

A number of hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank raised its holdings in Logitech International by 2,085.3% in the second quarter. Toronto Dominion Bank now owns 63,439 shares of the technology company’s stock worth $6,146,000 after purchasing an additional 60,536 shares in the last quarter. SpiderRock Advisors LLC bought a new position in shares of Logitech International during the 3rd quarter worth approximately $1,431,000. Assetmark Inc. raised its stake in shares of Logitech International by 6,766.2% during the 3rd quarter. Assetmark Inc. now owns 49,231 shares of the technology company’s stock worth $4,418,000 after acquiring an additional 48,514 shares in the last quarter. Summit Global Investments purchased a new stake in Logitech International during the third quarter valued at approximately $1,299,000. Finally, Strengthening Families & Communities LLC boosted its stake in Logitech International by 9.2% in the third quarter. Strengthening Families & Communities LLC now owns 4,498 shares of the technology company’s stock valued at $404,000 after acquiring an additional 378 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.