4,033 Shares in LogMeIn Inc (LOGM) Acquired by Regentatlantic Capital LLC

Regentatlantic Capital LLC acquired a new position in LogMeIn Inc (NASDAQ:LOGM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,033 shares of the software maker’s stock, valued at approximately $359,000.

Other hedge funds also recently made changes to their positions in the company. Amalgamated Bank raised its position in shares of LogMeIn by 5.5% in the second quarter. Amalgamated Bank now owns 11,774 shares of the software maker’s stock valued at $1,216,000 after purchasing an additional 615 shares during the period. Smith Asset Management Group LP raised its position in shares of LogMeIn by 3.7% in the second quarter. Smith Asset Management Group LP now owns 20,083 shares of the software maker’s stock valued at $2,074,000 after purchasing an additional 720 shares during the period. Sigma Planning Corp raised its position in shares of LogMeIn by 39.5% in the second quarter. Sigma Planning Corp now owns 2,580 shares of the software maker’s stock valued at $266,000 after purchasing an additional 730 shares during the period. Arizona State Retirement System raised its position in shares of LogMeIn by 2.3% in the second quarter. Arizona State Retirement System now owns 36,250 shares of the software maker’s stock valued at $3,743,000 after purchasing an additional 830 shares during the period. Finally, People s United Financial Inc. raised its position in shares of LogMeIn by 16.0% in the second quarter. People s United Financial Inc. now owns 6,224 shares of the software maker’s stock valued at $643,000 after purchasing an additional 860 shares during the period. 98.86% of the stock is currently owned by institutional investors and hedge funds.

LogMeIn stock opened at $87.99 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.64 and a current ratio of 0.62. The company has a market cap of $4.41 billion, a P/E ratio of 20.55, a PEG ratio of 1.12 and a beta of 1.05. LogMeIn Inc has a 1-year low of $74.87 and a 1-year high of $134.80.

LogMeIn (NASDAQ:LOGM) last posted its earnings results on Thursday, October 25th. The software maker reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.06. The business had revenue of $309.58 million for the quarter, compared to analyst estimates of $302.92 million. LogMeIn had a net margin of 12.16% and a return on equity of 7.19%. Research analysts expect that LogMeIn Inc will post 4.38 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, November 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Tuesday, November 13th. LogMeIn’s dividend payout ratio (DPR) is presently 35.82%.

Several analysts have recently issued reports on the stock. BidaskClub raised shares of LogMeIn from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. Zacks Investment Research raised shares of LogMeIn from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th. Royal Bank of Canada lowered shares of LogMeIn from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $140.00 to $90.00 in a research report on Friday, July 27th. KeyCorp lowered their price target on shares of LogMeIn from $135.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, July 27th. Finally, Piper Jaffray Companies lowered shares of LogMeIn from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $135.00 to $95.00 in a research report on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $113.50.

In related news, Director Michael K. Simon sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $84.61, for a total transaction of $1,692,200.00. Following the sale, the director now owns 636,966 shares of the company’s stock, valued at approximately $53,893,693.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 40,260 shares of company stock worth $3,366,783 in the last ninety days. 2.50% of the stock is currently owned by insiders.

About LogMeIn

LogMeIn, Inc provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. It enables people to connect with each other worldwide to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses.

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Institutional Ownership by Quarter for LogMeIn (NASDAQ:LOGM)

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