Barclays Boosts Logitech International (NASDAQ:LOGI) Price Target to $105.00

Logitech International (NASDAQ:LOGI) had its price target boosted by Barclays from $98.00 to $105.00 in a research report released on Wednesday morning, Benzinga reports. Barclays currently has an overweight rating on the technology company’s stock.

Other research analysts have also recently issued reports about the stock. Wedbush reiterated a neutral rating and issued a $88.00 target price on shares of Logitech International in a report on Tuesday, July 16th. StockNews.com cut shares of Logitech International from a strong-buy rating to a buy rating in a report on Monday, July 22nd. Morgan Stanley reiterated an underweight rating and issued a $75.00 target price (down from $85.00) on shares of Logitech International in a report on Monday, April 15th. JPMorgan Chase & Co. cut shares of Logitech International from an overweight rating to a neutral rating and decreased their target price for the stock from $92.00 to $85.00 in a report on Wednesday, May 1st. Finally, Citigroup raised their target price on shares of Logitech International from $98.00 to $100.00 and gave the stock a neutral rating in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average price target of $90.57.

Logitech International Trading Up 0.6 %

NASDAQ:LOGI opened at $88.92 on Wednesday. Logitech International has a twelve month low of $65.31 and a twelve month high of $102.59. The company has a 50-day moving average of $95.42 and a 200-day moving average of $89.99. The firm has a market cap of $14.06 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 2.64 and a beta of 0.80.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Monday, April 29th. The technology company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.34. Logitech International had a net margin of 15.67% and a return on equity of 30.80%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $956.85 million. On average, research analysts forecast that Logitech International will post 3.86 earnings per share for the current year.

Insider Transactions at Logitech International

In related news, CFO Charles D. Boynton purchased 1,225 shares of Logitech International stock in a transaction dated Friday, May 3rd. The stock was acquired at an average cost of $81.27 per share, with a total value of $99,555.75. Following the completion of the transaction, the chief financial officer now directly owns 1,225 shares of the company’s stock, valued at $99,555.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is owned by insiders.

Hedge Funds Weigh In On Logitech International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LOGI. Benjamin F. Edwards & Company Inc. bought a new position in Logitech International during the fourth quarter valued at approximately $33,000. Global Retirement Partners LLC raised its position in Logitech International by 764.4% during the first quarter. Global Retirement Partners LLC now owns 389 shares of the technology company’s stock valued at $35,000 after acquiring an additional 344 shares in the last quarter. Blue Trust Inc. raised its position in Logitech International by 65.6% during the fourth quarter. Blue Trust Inc. now owns 424 shares of the technology company’s stock valued at $40,000 after acquiring an additional 168 shares in the last quarter. National Bank of Canada FI raised its position in Logitech International by 529.4% during the fourth quarter. National Bank of Canada FI now owns 428 shares of the technology company’s stock valued at $40,000 after acquiring an additional 360 shares in the last quarter. Finally, Mather Group LLC. bought a new position in Logitech International during the first quarter valued at approximately $42,000. Institutional investors own 45.76% of the company’s stock.

Logitech International Company Profile

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.