Logitech International (NASDAQ:LOGI) Given “Sell” Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their sell rating on shares of Logitech International (NASDAQ:LOGI) in a research note published on Tuesday morning, MarketBeat reports.

A number of other equities research analysts have also recently commented on the stock. Barclays lifted their price target on shares of Logitech International from $96.00 to $104.00 and gave the stock an overweight rating in a report on Wednesday, January 24th. Morgan Stanley reaffirmed an underweight rating and set a $75.00 price target (down previously from $85.00) on shares of Logitech International in a research report on Monday. Berenberg Bank started coverage on Logitech International in a report on Thursday, March 14th. They issued a buy rating and a $111.00 price objective for the company. StockNews.com downgraded shares of Logitech International from a strong-buy rating to a buy rating in a report on Thursday, March 14th. Finally, Citigroup lifted their target price on shares of Logitech International from $98.00 to $100.00 and gave the stock a neutral rating in a research note on Thursday, April 4th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Logitech International currently has an average rating of Hold and a consensus price target of $92.43.

Logitech International Price Performance

NASDAQ LOGI opened at $79.69 on Tuesday. The business’s fifty day moving average is $88.24 and its 200-day moving average is $85.98. The stock has a market capitalization of $12.60 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 1.79 and a beta of 0.74. Logitech International has a one year low of $53.91 and a one year high of $96.66.

Logitech International (NASDAQ:LOGI) last posted its quarterly earnings data on Monday, January 22nd. The technology company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.43. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. Logitech International had a net margin of 11.44% and a return on equity of 23.84%. Research analysts expect that Logitech International will post 3.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Prakash Arunkundrum sold 23,023 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $90.00, for a total transaction of $2,072,070.00. Following the transaction, the chief operating officer now directly owns 61,056 shares in the company, valued at approximately $5,495,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Samantha Harnett sold 650 shares of Logitech International stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $84.17, for a total value of $54,710.50. Following the transaction, the insider now owns 11,910 shares in the company, valued at approximately $1,002,464.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Prakash Arunkundrum sold 23,023 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $90.00, for a total transaction of $2,072,070.00. Following the completion of the sale, the chief operating officer now directly owns 61,056 shares of the company’s stock, valued at $5,495,040. The disclosure for this sale can be found here. Insiders sold a total of 24,572 shares of company stock valued at $2,207,555 over the last 90 days. Insiders own 0.15% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LOGI. CWM LLC boosted its holdings in Logitech International by 16.9% during the 3rd quarter. CWM LLC now owns 1,127 shares of the technology company’s stock valued at $78,000 after acquiring an additional 163 shares during the period. Blue Trust Inc. boosted its stake in shares of 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 purchasing an additional 168 shares during the period. Wetherby Asset Management Inc. grew its holdings in shares of Logitech International by 2.8% in the first quarter. Wetherby Asset Management Inc. now owns 7,548 shares of the technology company’s stock worth $438,000 after purchasing an additional 203 shares during the last quarter. Public Sector Pension Investment Board increased its stake in shares of Logitech International by 0.4% in the fourth quarter. Public Sector Pension Investment Board now owns 58,873 shares of the technology company’s stock worth $5,579,000 after buying an additional 231 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Logitech International by 9.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,018 shares of the technology company’s stock valued at $223,000 after buying an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 45.76% of the company’s stock.

About Logitech International

Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that connect people to working, creating, gaming, and streaming worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices.