Logitech International (NASDAQ:LOGI) Sees Large Volume Increase – What’s Next?

Logitech International S.A. (NASDAQ:LOGI) shares saw strong trading volume on Monday . 607,041 shares traded hands during mid-day trading, a decline of 30% from the previous session’s volume of 863,571 shares.The stock last traded at $97.04 and had previously closed at $97.42.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Kepler Capital Markets raised Logitech International from a “hold” rating to a “buy” rating in a research note on Thursday. Citigroup raised their price objective on Logitech International from $92.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Wedbush reiterated a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research report on Wednesday, January 22nd. Finally, Morgan Stanley raised shares of Logitech International from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $73.00 to $92.00 in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $97.13.

Logitech International Trading Down 0.8 %

The firm’s fifty day moving average price is $85.54 and its 200-day moving average price is $85.76. The firm has a market cap of $15.29 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 3.00 and a beta of 0.78.

Logitech International (NASDAQ:LOGI) last posted its earnings results on Tuesday, January 28th. The technology company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.07. Logitech International had a return on equity of 30.53% and a net margin of 14.38%. On average, sell-side analysts expect that Logitech International S.A. will post 4.18 earnings per share for the current year.

Institutional Investors Weigh In On Logitech International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Logitech International by 64.2% in the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock valued at $451,426,000 after acquiring an additional 1,967,133 shares during the period. Vontobel Holding Ltd. raised its stake in shares of Logitech International by 34.2% during the fourth quarter. Vontobel Holding Ltd. now owns 4,872,324 shares of the technology company’s stock worth $402,802,000 after purchasing an additional 1,240,478 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Logitech International by 3.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,451,730 shares of the technology company’s stock worth $219,611,000 after purchasing an additional 89,788 shares during the period. Assenagon Asset Management S.A. grew its position in Logitech International by 2,315.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock valued at $119,673,000 after buying an additional 1,385,493 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Logitech International by 1.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,097,951 shares of the technology company’s stock valued at $98,348,000 after buying an additional 19,046 shares during the period. Hedge funds and other 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.