Logitech International’s (LOGI) Sell Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft restated their sell rating on shares of Logitech International (NASDAQ:LOGI) in a research note published on Tuesday morning, MarketBeat reports.

Other research analysts have also recently issued research reports about the company. Citigroup upped their target price on Logitech International from $98.00 to $100.00 and gave the company a neutral rating in a research note on Thursday, April 4th. Berenberg Bank started coverage on Logitech International in a research report on Thursday, March 14th. They set a buy rating and a $111.00 target price for the company. Morgan Stanley restated an underweight rating and issued a $75.00 target price (down from $85.00) on shares of Logitech International in a research note on Monday. Barclays lifted their price target on shares of Logitech International from $96.00 to $104.00 and gave the company an overweight rating in a research note on Wednesday, January 24th. Finally, StockNews.com cut Logitech International from a strong-buy rating to a buy rating in a research note on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Logitech International presently has an average rating of Hold and an average price target of $92.43.

Logitech International Stock Performance

Shares of LOGI opened at $79.69 on Tuesday. Logitech International has a fifty-two week low of $53.91 and a fifty-two week high of $96.66. The company’s fifty day moving average is $88.24 and its 200 day moving average is $85.98. The stock has a market capitalization of $12.60 billion, a PE ratio of 26.04, a P/E/G ratio of 1.79 and a beta of 0.74.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Monday, January 22nd. The technology company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.00 by $0.43. Logitech International had a net margin of 11.44% and a return on equity of 23.84%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. As a group, research analysts forecast that Logitech International will post 3.44 earnings per share for the current year.

Insider Buying and Selling

In other Logitech International news, insider Samantha Harnett sold 650 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $84.17, for a total value of $54,710.50. Following the completion of the transaction, the insider now directly owns 11,910 shares in the company, valued at $1,002,464.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Prakash Arunkundrum sold 23,023 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $90.00, for a total transaction of $2,072,070.00. Following the transaction, the chief operating officer now directly owns 61,056 shares in the company, valued at approximately $5,495,040. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Samantha Harnett sold 650 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $84.17, for a total value of $54,710.50. Following the completion of the sale, the insider now directly owns 11,910 shares of the company’s stock, valued at approximately $1,002,464.70. The disclosure for this sale can be found here. Insiders sold 24,572 shares of company stock worth $2,207,555 in the last three months. 0.15% of the stock is owned by insiders.

Institutional Trading of Logitech International

Several large investors have recently bought and sold shares of the stock. Vontobel Holding Ltd. lifted its position in Logitech International by 2.3% during the 4th quarter. Vontobel Holding Ltd. now owns 5,285,659 shares of the technology company’s stock worth $501,223,000 after acquiring an additional 121,060 shares during the period. Allworth Financial LP boosted its position in Logitech International by 249.1% in the third quarter. Allworth Financial LP now owns 754 shares of the technology company’s stock valued at $52,000 after buying an additional 538 shares during the last quarter. Qtron Investments LLC acquired a new position in Logitech International in the 3rd quarter worth approximately $585,000. Tudor Investment Corp Et Al raised its position in Logitech International by 73.3% during the 3rd quarter. Tudor Investment Corp Et Al now owns 58,914 shares of the technology company’s stock worth $4,062,000 after buying an additional 24,923 shares during the last quarter. Finally, FMR LLC lifted its stake in Logitech International by 10.7% during the 3rd quarter. FMR LLC now owns 49,033 shares of the technology company’s stock valued at $3,390,000 after acquiring an additional 4,721 shares during the period. Hedge funds and other institutional investors own 45.76% of the company’s stock.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.