The Manufacturers Life Insurance Company Has $10.66 Million Position in LogMein, Inc. (LOGM)

The Manufacturers Life Insurance Company trimmed its position in LogMein, Inc. (NASDAQ:LOGM) by 21.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,009 shares of the software maker’s stock after selling 27,199 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.19% of LogMein worth $10,660,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Penserra Capital Management LLC raised its position in shares of LogMein by 316.8% in the 2nd quarter. Penserra Capital Management LLC now owns 8,224 shares of the software maker’s stock valued at $104,000 after acquiring an additional 6,251 shares during the period. Creative Planning raised its position in shares of LogMein by 0.3% in the 2nd quarter. Creative Planning now owns 1,147 shares of the software maker’s stock valued at $120,000 after acquiring an additional 3 shares during the period. Osborn Williams & Donohoe LLC acquired a new stake in shares of LogMein in the 2nd quarter valued at approximately $203,000. American Capital Management Inc. acquired a new stake in shares of LogMein in the 2nd quarter valued at approximately $203,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in shares of LogMein in the 2nd quarter valued at approximately $208,000. Institutional investors and hedge funds own 95.41% of the company’s stock.

In other LogMein news, Director Steven J. Benson sold 3,016 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $111.60, for a total transaction of $336,585.60. Following the transaction, the director now directly owns 1,787 shares in the company, valued at approximately $199,429.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William Raymond Wagner sold 4,588 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $116.30, for a total value of $533,584.40. Following the transaction, the chief executive officer now owns 69,542 shares in the company, valued at $8,087,734.60. 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. Company insiders own 2.50% of the company’s stock.

A number of analysts recently weighed in on LOGM shares. Northland Securities reiterated a “buy” rating on shares of LogMein in a research report on Friday, July 28th. Cowen and Company reiterated a “buy” rating and issued a $134.00 price target on shares of LogMein in a research report on Friday, September 1st. BidaskClub downgraded shares of LogMein from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of LogMein from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $140.00 price target on shares of LogMein in a research report on Monday, September 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $131.85.

Shares of LogMein, Inc. (NASDAQ:LOGM) opened at 119.15 on Friday. The firm’s 50-day moving average is $113.25 and its 200 day moving average is $111.44. LogMein, Inc. has a one year low of $86.22 and a one year high of $123.95. The firm’s market capitalization is $6.28 billion.

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

TRADEMARK VIOLATION WARNING: “The Manufacturers Life Insurance Company Has $10.66 Million Position in LogMein, Inc. (LOGM)” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can b

Other large investors have also recently made changes to their positions in the company. Penserra Capital Management LLC raised its position in shares of LogMein by 316.8% in the 2nd quarter. Penserra Capital Management LLC now owns 8,224 shares of the software maker’s stock valued at $104,000 after acquiring an additional 6,251 shares during the period. Creative Planning raised its position in shares of LogMein by 0.3% in the 2nd quarter. Creative Planning now owns 1,147 shares of the software maker’s stock valued at $120,000 after acquiring an additional 3 shares during the period. Osborn Williams & Donohoe LLC acquired a new stake in shares of LogMein in the 2nd quarter valued at approximately $203,000. American Capital Management Inc. acquired a new stake in shares of LogMein in the 2nd quarter valued at approximately $203,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in shares of LogMein in the 2nd quarter valued at approximately $208,000. Institutional investors and hedge funds own 95.41% of the company’s stock.

In other LogMein news, Director Steven J. Benson sold 3,016 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $111.60, for a total transaction of $336,585.60. Following the transaction, the director now directly owns 1,787 shares in the company, valued at approximately $199,429.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William Raymond Wagner sold 4,588 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $116.30, for a total value of $533,584.40. Following the transaction, the chief executive officer now owns 69,542 shares in the company, valued at $8,087,734.60. 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. Company insiders own 2.50% of the company’s stock.

A number of analysts recently weighed in on LOGM shares. Northland Securities reiterated a “buy” rating on shares of LogMein in a research report on Friday, July 28th. Cowen and Company reiterated a “buy” rating and issued a $134.00 price target on shares of LogMein in a research report on Friday, September 1st. BidaskClub downgraded shares of LogMein from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of LogMein from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $140.00 price target on shares of LogMein in a research report on Monday, September 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $131.85.

Shares of LogMein, Inc. (NASDAQ:LOGM) opened at 119.15 on Friday. The firm’s 50-day moving average is $113.25 and its 200 day moving average is $111.44. LogMein, Inc. has a one year low of $86.22 and a one year high of $123.95. The firm’s market capitalization is $6.28 billion.

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

TRADEMARK VIOLATION WARNING: “The Manufacturers Life Insurance Company Has $10.66 Million Position in LogMein, Inc. (LOGM)” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/10/22/the-manufacturers-life-insurance-company-has-10-66-million-position-in-logmein-inc-logm.html.

LogMein Company Profile

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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