Logitech International (NASDAQ:LOGI) Price Target Raised to $99.00 at JPMorgan Chase & Co.

Logitech International (NASDAQ:LOGI) had its price target increased by equities researchers at JPMorgan Chase & Co. from $93.00 to $99.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 13.51% from the company’s current price.

Several other equities research analysts have also issued reports on LOGI. Loop Capital dropped their price target on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a research note on Monday, October 28th. StockNews.com downgraded Logitech International from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Bank of America lowered Logitech International from a “buy” rating to a “neutral” rating and cut their target price for the stock from $114.00 to $92.00 in a research note on Monday, December 16th. Wedbush reissued a “neutral” rating and set a $88.00 price target on shares of Logitech International in a research note on Wednesday, October 23rd. Finally, UBS Group raised shares of Logitech International from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Logitech International currently has a consensus rating of “Hold” and a consensus price target of $93.63.

Logitech International Price Performance

Shares of NASDAQ:LOGI opened at $87.22 on Tuesday. Logitech International has a one year low of $74.72 and a one year high of $102.59. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 2.74 and a beta of 0.77. The company’s fifty day moving average price is $82.83 and its 200-day moving average price is $85.71.

Insider Buying and Selling

In other Logitech International news, Director Guy Gecht bought 2,500 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were bought at an average cost of $81.12 per share, with a total value of $202,800.00. Following the completion of the purchase, the director now directly owns 18,503 shares of the company’s stock, valued at $1,500,963.36. This trade represents a 15.62 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.16% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LOGI. Barclays PLC increased its position in Logitech International by 64.2% during the 3rd quarter. Barclays PLC now owns 5,030,921 shares of the technology company’s stock valued at $451,426,000 after purchasing an additional 1,967,133 shares during the period. Assenagon Asset Management S.A. raised its stake in Logitech International by 2,315.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,445,319 shares of the technology company’s stock worth $119,673,000 after buying an additional 1,385,493 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Logitech International in the third quarter worth about $15,891,000. Marshall Wace LLP boosted its position in Logitech International by 57.3% during the 2nd quarter. Marshall Wace LLP now owns 450,897 shares of the technology company’s stock valued at $43,615,000 after acquiring an additional 164,307 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Logitech International by 4,876.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 167,552 shares of the technology company’s stock worth $13,798,000 after acquiring an additional 164,185 shares during the period. Institutional investors own 45.76% of the company’s stock.

About Logitech International

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.