Logitech Intl SA (NASDAQ:LOGI) Rating Downgrade

New York-listed Logitech Intl SA (NASDAQ:LOGI), was downgraded by analysts at JPMorgan. JPMorgan downgraded its rating on the $6.27 billion market cap company to Underweight from a previous Neutral.

Institutional Ownership

Legg Mason Asset Management (Japan) Co. Ltd. had the largest stake with ownership of 48,332 shares as of q2 2015 for 1.1% of the equity exposure. Zurcher Kantonalbank (Zurich Cantonalbank) is another notably bullish institutional investor who is owning 2.49M shares of Logitech Intl SA or 0.58% of their equity exposure. Moreover, Meag Munich Ergo Kapitalanlagegesellschaft Mbh have 0.47% of their equity exposure invested in the company for 420,745 shares. The California-based fund Jackson Square Partners Llc disclosed it had purchased a stake worth about 0.39% of the institutional investor’s stock portfolio in Logitech Intl SA. The United Kingdom-based fund Ahl Partners Llp is also positive about the stock, possessing 4.52M shares or 0.38% of their equity exposure.

Logitech Intl SA (NASDAQ:LOGI) Profile

Logitech International S.A. 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.

Logitech Intl SA (NASDAQ:LOGI) traded down -0.52% on 6 February, hitting $36.27. A total of 226,828 shares of the company’s stock traded hands. This is down from average of 301,496 shares. Logitech Intl SA has a 52 week low of $21.14 and a 52 week high of $40.82. The company has a market cap of $6.27B and a P/E ratio of 27.31.

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