Logitech International (LOGI) Price Target Raised to $43.00 at JPMorgan Chase & Co.

Logitech International (NASDAQ:LOGI) had its price target raised by investment analysts at JPMorgan Chase & Co. from $40.00 to $43.00 in a note issued to investors on Wednesday. The firm presently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.’s price objective indicates a potential downside of 0.88% from the company’s previous close.

LOGI has been the topic of several other research reports. BidaskClub upgraded shares of Logitech International from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Zacks Investment Research upgraded shares of Logitech International from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, Citigroup boosted their price objective on shares of Logitech International from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $45.80.

Shares of Logitech International (LOGI) traded up $0.46 on Wednesday, reaching $43.38. 523,927 shares of the company traded hands, compared to its average volume of 518,821. The company has a market cap of $6,941.11, a P/E ratio of 36.45 and a beta of 0.39. Logitech International has a 12-month low of $28.35 and a 12-month high of $43.54.

In other news, insider Luca Guerrino De sold 15,000 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $40.75, for a total transaction of $611,250.00. Following the transaction, the insider now owns 321,204 shares in the company, valued at approximately $13,089,063. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Bracken Darrell sold 96,000 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $43.20, for a total transaction of $4,147,200.00. Following the transaction, the chief executive officer now owns 783,427 shares in the company, valued at approximately $33,844,046.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 192,302 shares of company stock worth $8,201,590. Insiders own 2.20% of the company’s stock.

Large investors have recently bought and sold shares of the company. GRATRY & Co LLC increased its holdings in shares of Logitech International by 62.0% during the 3rd quarter. GRATRY & Co LLC now owns 51,093 shares of the technology company’s stock worth $1,863,000 after purchasing an additional 19,553 shares during the period. Royal Bank of Canada boosted its position in shares of Logitech International by 38.1% during the 2nd quarter. Royal Bank of Canada now owns 114,868 shares of the technology company’s stock valued at $4,211,000 after acquiring an additional 31,683 shares in the last quarter. Fox Run Management L.L.C. boosted its position in shares of Logitech International by 262.7% during the 3rd quarter. Fox Run Management L.L.C. now owns 24,300 shares of the technology company’s stock valued at $886,000 after acquiring an additional 17,600 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Logitech International by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,600,997 shares of the technology company’s stock valued at $132,012,000 after acquiring an additional 147,619 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Logitech International by 3.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 92,578 shares of the technology company’s stock valued at $3,376,000 after acquiring an additional 3,417 shares in the last quarter. Institutional investors own 38.20% of the company’s stock.

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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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