Logitech International (NASDAQ:LOGI) Upgraded to Equal Weight at Morgan Stanley

Logitech International (NASDAQ:LOGI) was upgraded by research analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a report issued on Thursday, Marketbeat.com reports. The brokerage currently has a $92.00 target price on the technology company’s stock, up from their previous target price of $73.00. Morgan Stanley’s price objective would suggest a potential upside of 4.72% from the company’s current price.

Other research analysts have also issued reports about the company. Wedbush reiterated a “neutral” rating and issued a $88.00 price objective on shares of Logitech International in a research report on Wednesday. StockNews.com lowered Logitech International from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th. Barclays decreased their target price on Logitech International from $105.00 to $103.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their target price on Logitech International from $93.00 to $99.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Loop Capital decreased their target price on Logitech International from $88.00 to $81.00 and set a “hold” rating for the company in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $95.75.

Logitech International Stock Performance

NASDAQ:LOGI opened at $87.85 on Thursday. Logitech International has a one year low of $74.72 and a one year high of $102.59. The stock has a market cap of $13.89 billion, a PE ratio of 19.57, a P/E/G ratio of 2.83 and a beta of 0.77. The stock has a 50 day moving average price of $83.30 and a 200 day moving average price of $85.70.

Institutional Investors Weigh In On Logitech International

A number of large investors have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Logitech International by 56.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 649 shares of the technology company’s stock worth $53,000 after purchasing an additional 233 shares during the period. Employees Retirement System of Texas purchased a new position in shares of Logitech International during the 2nd quarter worth $63,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Logitech International by 139.4% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the technology company’s stock worth $82,000 after purchasing an additional 495 shares during the period. Transamerica Financial Advisors Inc. lifted its stake in shares of Logitech International by 115,300.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 1,154 shares of the technology company’s stock worth $104,000 after purchasing an additional 1,153 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Logitech International during the 3rd quarter worth $105,000. Institutional investors and hedge funds 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.