JPMorgan Chase & Co. lowered shares of Logitech International (NASDAQ:LOGI) from a neutral rating to an underweight rating in a report issued on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has $40.00 target price on the technology company’s stock.
Other research analysts have also recently issued research reports about the company. Citigroup upped their price target on Logitech International from $44.00 to $47.00 and gave the company a buy rating in a research report on Wednesday, January 24th. BidaskClub cut Logitech International from a buy rating to a hold rating in a research report on Tuesday, December 19th. Finally, Zacks Investment Research cut Logitech International from a hold rating to a sell rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Logitech International currently has an average rating of Buy and a consensus price target of $45.20.
Logitech International (LOGI) opened at $38.12 on Tuesday. Logitech International has a 1 year low of $28.47 and a 1 year high of $43.54. The company has a market capitalization of $6,420.49, a price-to-earnings ratio of 30.31 and a beta of 0.74.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Alpha Omega Wealth Management LLC lifted its holdings in Logitech International by 1.8% during the 4th quarter. Alpha Omega Wealth Management LLC now owns 99,397 shares of the technology company’s stock worth $3,356,000 after purchasing an additional 1,771 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Logitech International by 4.2% during the 3rd quarter. Mackenzie Financial Corp now owns 54,584 shares of the technology company’s stock worth $1,990,000 after purchasing an additional 2,223 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Logitech International by 18.1% during the 3rd quarter. Private Advisor Group LLC now owns 20,134 shares of the technology company’s stock worth $718,000 after purchasing an additional 3,081 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Logitech International by 3.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 92,578 shares of the technology company’s stock worth $3,376,000 after purchasing an additional 3,417 shares in the last quarter. Finally, Lenox Wealth Management Inc. increased its stake in Logitech International by 30.3% in the 3rd quarter. Lenox Wealth Management Inc. now owns 16,693 shares of the technology company’s stock worth $608,000 after acquiring an additional 3,882 shares during the last quarter. 37.22% of the stock is currently owned by institutional investors and hedge funds.
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About Logitech International
Logitech International SA is a holding company. The Company designs, manufactures and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms. The Company operates through peripheral segment. The Company offers its products to a network of domestic and international customers, including direct sales to retailers, e-tailers, and indirect sales through distributors.
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