Logitech International’s (LOGI) Equal Weight Rating Reaffirmed at Barclays

Barclays reaffirmed their equal weight rating on shares of Logitech International (NASDAQ:LOGI) in a research note published on Friday morning, Marketbeat Ratings reports. They currently have a $98.00 price target on the technology company’s stock, down from their previous price target of $134.00.

Other research analysts also recently issued research reports about the company. Wedbush upped their price objective on Logitech International from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. BNP Paribas Exane lowered Logitech International from an “outperform” rating to a “neutral” rating and set a $106.00 price target on the stock. in a research note on Thursday, January 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Logitech International in a research report on Wednesday, October 8th. Wall Street Zen cut Logitech International from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Finally, BNP Paribas lowered shares of Logitech International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Five analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $104.89.

Logitech International Stock Down 1.2%

Shares of LOGI stock opened at $95.48 on Friday. The stock has a fifty day moving average price of $108.47 and a 200 day moving average price of $105.63. Logitech International has a one year low of $64.73 and a one year high of $123.01.

Logitech International (NASDAQ:LOGI) last announced its earnings results on Tuesday, October 28th. The technology company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.22 by $0.23. Logitech International had a return on equity of 32.22% and a net margin of 14.11%.The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the business earned $1.20 EPS. Logitech International’s revenue was up 6.3% compared to the same quarter last year. On average, research analysts forecast that Logitech International will post 4.21 EPS for the current fiscal year.

Insider Activity

In other news, Director Neela Montgomery sold 5,833 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $120.61, for a total value of $703,518.13. Following the completion of the sale, the director owned 12,781 shares of the company’s stock, valued at approximately $1,541,516.41. The trade was a 31.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.19% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtus Advisers LLC bought a new position in Logitech International during the 2nd quarter valued at about $246,000. Vise Technologies Inc. bought a new position in shares of Logitech International in the second quarter worth about $329,000. Assetmark Inc. grew its position in shares of Logitech International by 6.9% during the 2nd quarter. Assetmark Inc. now owns 56,375 shares of the technology company’s stock worth $5,081,000 after buying an additional 3,640 shares in the last quarter. BLI Banque de Luxembourg Investments raised its stake in Logitech International by 19.7% in the second quarter. BLI Banque de Luxembourg Investments now owns 75,525 shares of the technology company’s stock valued at $6,752,000 after buying an additional 12,446 shares during the last quarter. Finally, Yousif Capital Management LLC increased its holdings in Logitech International by 7.6% in the 2nd quarter. Yousif Capital Management LLC now owns 2,821 shares of the technology company’s stock worth $254,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 45.76% of the company’s stock.

About Logitech International

Logitech International SA is a Swiss-headquartered company that designs, manufactures and markets a wide range of computer peripherals and accessories for consumers, gamers and business customers. Founded in 1981, the company develops hardware and complementary software that enable people to interact with digital devices across work, home and entertainment settings. Logitech maintains corporate offices in Switzerland and significant operations in the United States and other regions worldwide.

The company’s product portfolio includes mice, keyboards, webcams, headsets, microphones, speakers, remote controls and other input/output devices, along with specialized lines for gaming, streaming and video collaboration.