AHL Partners LLP Invests $699,000 in LogMein, Inc. (LOGM)

AHL Partners LLP purchased a new stake in shares of LogMein, Inc. (NASDAQ:LOGM) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,693 shares of the software maker’s stock, valued at approximately $699,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Penserra Capital Management LLC lifted its position in LogMein by 316.8% in the 2nd quarter. Penserra Capital Management LLC now owns 8,224 shares of the software maker’s stock worth $104,000 after buying an additional 6,251 shares during the last quarter. Creative Planning lifted its position in LogMein by 0.3% in the 2nd quarter. Creative Planning now owns 1,147 shares of the software maker’s stock worth $120,000 after buying an additional 3 shares during the last quarter. M&T Bank Corp bought a new stake in LogMein in the 1st quarter worth approximately $202,000. Osborn Williams & Donohoe LLC bought a new stake in LogMein in the 2nd quarter worth approximately $203,000. Finally, American Capital Management Inc. bought a new stake in LogMein in the 2nd quarter worth approximately $203,000. Hedge funds and other institutional investors own 95.41% of the company’s stock.

A number of analysts recently weighed in on LOGM shares. Piper Jaffray Companies restated an “overweight” rating and issued a $150.00 target price on shares of LogMein in a research report on Friday, June 23rd. BidaskClub upgraded LogMein from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Northland Securities restated a “buy” rating on shares of LogMein in a research report on Friday, July 28th. KeyCorp upgraded LogMein from a “sector weight” rating to an “overweight” rating and set a $135.00 target price for the company in a research report on Friday, July 28th. Finally, Cowen and Company restated an “outperform” rating and issued a $134.00 target price (up previously from $130.00) on shares of LogMein in a research report on Sunday, July 30th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. LogMein has a consensus rating of “Buy” and an average price target of $131.85.

LogMein, Inc. (NASDAQ LOGM) opened at 117.35 on Thursday. The stock’s market capitalization is $6.19 billion. The stock’s 50 day moving average price is $112.96 and its 200 day moving average price is $111.24. LogMein, Inc. has a 1-year low of $86.22 and a 1-year high of $123.95.

LogMein (NASDAQ:LOGM) last released its quarterly earnings data on Thursday, July 27th. The software maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. The company had revenue of $266.95 million for the quarter, compared to the consensus estimate of $264.95 million. LogMein had a positive return on equity of 5.42% and a negative net margin of 0.41%. LogMein’s quarterly revenue was up 220.6% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. On average, equities research analysts predict that LogMein, Inc. will post $4.05 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/19/ahl-partners-llp-invests-699000-in-logmein-inc-logm.html.

In other news, insider Christopher Battles sold 721 shares of LogMein stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $117.78, for a total value of $84,919.38. Following the transaction, the insider now directly owns 2,036 shares in the company, valued at approximately $239,800.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven J. Benson sold 3,016 shares of LogMein stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $111.60, for a total value of $336,585.60. Following the completion of the transaction, the director now owns 1,787 shares in the company, valued at $199,429.20. The disclosure for this sale can be found here. Insiders have sold a total of 69,319 shares of company stock worth $7,922,367

Other institutional investors and hedge funds have also modified their holdings of the company. Penserra Capital Management LLC lifted its position in LogMein by 316.8% in the 2nd quarter. Penserra Capital Management LLC now owns 8,224 shares of the software maker’s stock worth $104,000 after buying an additional 6,251 shares during the last quarter. Creative Planning lifted its position in LogMein by 0.3% in the 2nd quarter. Creative Planning now owns 1,147 shares of the software maker’s stock worth $120,000 after buying an additional 3 shares during the last quarter. M&T Bank Corp bought a new stake in LogMein in the 1st quarter worth approximately $202,000. Osborn Williams & Donohoe LLC bought a new stake in LogMein in the 2nd quarter worth approximately $203,000. Finally, American Capital Management Inc. bought a new stake in LogMein in the 2nd quarter worth approximately $203,000. Hedge funds and other institutional investors own 95.41% of the company’s stock.

A number of analysts recently weighed in on LOGM shares. Piper Jaffray Companies restated an “overweight” rating and issued a $150.00 target price on shares of LogMein in a research report on Friday, June 23rd. BidaskClub upgraded LogMein from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Northland Securities restated a “buy” rating on shares of LogMein in a research report on Friday, July 28th. KeyCorp upgraded LogMein from a “sector weight” rating to an “overweight” rating and set a $135.00 target price for the company in a research report on Friday, July 28th. Finally, Cowen and Company restated an “outperform” rating and issued a $134.00 target price (up previously from $130.00) on shares of LogMein in a research report on Sunday, July 30th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. LogMein has a consensus rating of “Buy” and an average price target of $131.85.

LogMein, Inc. (NASDAQ LOGM) opened at 117.35 on Thursday. The stock’s market capitalization is $6.19 billion. The stock’s 50 day moving average price is $112.96 and its 200 day moving average price is $111.24. LogMein, Inc. has a 1-year low of $86.22 and a 1-year high of $123.95.

LogMein (NASDAQ:LOGM) last released its quarterly earnings data on Thursday, July 27th. The software maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.93 by $0.08. The company had revenue of $266.95 million for the quarter, compared to the consensus estimate of $264.95 million. LogMein had a positive return on equity of 5.42% and a negative net margin of 0.41%. LogMein’s quarterly revenue was up 220.6% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. On average, equities research analysts predict that LogMein, Inc. will post $4.05 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/19/ahl-partners-llp-invests-699000-in-logmein-inc-logm.html.

In other news, insider Christopher Battles sold 721 shares of LogMein stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $117.78, for a total value of $84,919.38. Following the transaction, the insider now directly owns 2,036 shares in the company, valued at approximately $239,800.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven J. Benson sold 3,016 shares of LogMein stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $111.60, for a total value of $336,585.60. Following the completion of the transaction, the director now owns 1,787 shares in the company, valued at $199,429.20. The disclosure for this sale can be found here. Insiders have sold a total of 69,319 shares of company stock worth $7,922,367 over the last 90 days. 2.50% of the stock is currently owned by company insiders.

About LogMein

LogMeIn, Inc provides a portfolio of cloud-based service offerings, which helps people and businesses to connect to their workplace, colleagues and customers. The Company’s core cloud-based services are categorized into four business lines: Communications and Collaboration; Engagement and Support; Identity and Access, and Additional Service Offerings.

Institutional Ownership by Quarter for LogMein (NASDAQ:LOGM)

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