Logitech International (NASDAQ:LOGI) Upgraded at Deutsche Bank Aktiengesellschaft

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

Several other research firms have also recently commented on LOGI. Citigroup lifted their target price on shares of Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Loop Capital cut their price objective on Logitech International from $88.00 to $81.00 and set a “hold” rating on the stock in a research report on Monday, October 28th. UBS Group upgraded shares of Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Barclays lifted their price objective on Logitech International from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Wedbush restated a “neutral” rating and set a $88.00 target price on shares of Logitech International in a research report on Wednesday, January 22nd. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Logitech International currently has a consensus rating of “Hold” and an average target price of $97.13.

Logitech International Price Performance

LOGI opened at $97.42 on Friday. The firm has a market capitalization of $15.41 billion, a PE ratio of 22.87, a P/E/G ratio of 3.01 and a beta of 0.77. Logitech International has a fifty-two week low of $74.72 and a fifty-two week high of $102.59. The company’s 50-day moving average is $85.54 and its 200 day moving average is $85.76.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new position in shares of Logitech International during the 2nd quarter valued at $235,000. Creative Planning increased its holdings in shares of Logitech International by 5.1% in the second quarter. Creative Planning now owns 28,611 shares of the technology company’s stock worth $2,772,000 after buying an additional 1,391 shares during the period. Cetera Investment Advisers lifted its stake in shares of Logitech International by 14.1% in the 2nd quarter. Cetera Investment Advisers now owns 13,882 shares of the technology company’s stock valued at $1,345,000 after acquiring an additional 1,717 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in Logitech International by 124.0% during the 3rd quarter. Park Avenue Securities LLC now owns 20,451 shares of the technology company’s stock valued at $1,835,000 after acquiring an additional 11,321 shares during the period. Finally, Syquant Capital Sas grew its position in Logitech International by 18.0% during the 3rd quarter. Syquant Capital Sas now owns 2,245 shares of the technology company’s stock worth $201,000 after acquiring an additional 343 shares during the last quarter. 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.