Aperio Group LLC raised its holdings in LogMeIn Inc (NASDAQ:LOGM) by 48.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,063 shares of the software maker’s stock after purchasing an additional 15,330 shares during the quarter. Aperio Group LLC owned approximately 0.09% of LogMeIn worth $4,193,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its position in LogMeIn by 299.4% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,350 shares of the software maker’s stock valued at $139,000 after purchasing an additional 1,012 shares during the last quarter. Summit Trail Advisors LLC raised its position in LogMeIn by 10,016.5% in the 1st quarter. Summit Trail Advisors LLC now owns 143,452 shares of the software maker’s stock valued at $143,000 after purchasing an additional 142,034 shares during the last quarter. Osborn Williams & Donohoe LLC bought a new position in LogMeIn in the 2nd quarter valued at $200,000. We Are One Seven LLC bought a new position in LogMeIn in the 3rd quarter valued at $215,000. Finally, Global X Management Co LLC bought a new position in LogMeIn in the 2nd quarter valued at $216,000. Hedge funds and other institutional investors own 98.86% of the company’s stock.
LOGM has been the subject of several research analyst reports. UBS Group upgraded LogMeIn from a “market perform” rating to an “outperform” rating in a research report on Monday, October 1st. Zacks Investment Research downgraded LogMeIn from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Barclays boosted their target price on LogMeIn from $105.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday, September 7th. Piper Jaffray Companies dropped their target price on LogMeIn from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Monday, October 15th. Finally, Oppenheimer upgraded LogMeIn from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a research report on Monday, October 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $113.50.
LOGM stock opened at $87.99 on Friday. The firm has a market cap of $4.35 billion, a PE ratio of 26.27, a PEG ratio of 1.11 and a beta of 1.09. LogMeIn Inc has a twelve month low of $74.87 and a twelve month high of $134.80. The company has a quick ratio of 0.64, a current ratio of 0.62 and a debt-to-equity ratio of 0.07.
LogMeIn (NASDAQ:LOGM) last released its quarterly earnings data on Thursday, October 25th. The software maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The business had revenue of $309.58 million during the quarter, compared to the consensus estimate of $302.92 million. LogMeIn had a return on equity of 7.19% and a net margin of 12.16%. On average, equities research analysts predict that LogMeIn Inc will post 4.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Wednesday, November 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 13th. This represents a $1.20 dividend on an annualized basis and a yield of 1.36%. LogMeIn’s dividend payout ratio is presently 35.82%.
In related news, Director Michael K. Simon sold 20,000 shares of the company’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $84.61, for a total value of $1,692,200.00. Following the completion of the sale, the director now owns 636,966 shares in the company, valued at $53,893,693.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 40,260 shares of company stock valued at $3,366,783 in the last quarter. 2.50% of the stock is currently owned by corporate insiders.
LogMeIn Company Profile
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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