Barings LLC Grows Holdings in LogMein, Inc. (LOGM)

Barings LLC raised its stake in shares of LogMein, Inc. (NASDAQ:LOGM) by 46.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,530 shares of the software maker’s stock after purchasing an additional 2,382 shares during the period. Barings LLC’s holdings in LogMein were worth $829,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Creative Planning grew its stake in shares of LogMein by 0.3% in the second quarter. Creative Planning now owns 1,147 shares of the software maker’s stock worth $120,000 after acquiring an additional 3 shares during the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of LogMein by 16.7% in the second quarter. Public Employees Retirement Association of Colorado now owns 11,382 shares of the software maker’s stock worth $1,189,000 after acquiring an additional 1,631 shares during the last quarter. NGAM Advisors L.P. grew its stake in shares of LogMein by 13.4% in the second quarter. NGAM Advisors L.P. now owns 16,254 shares of the software maker’s stock worth $1,699,000 after acquiring an additional 1,919 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of LogMein by 87.8% in the second quarter. Janney Montgomery Scott LLC now owns 5,889 shares of the software maker’s stock worth $616,000 after acquiring an additional 2,753 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of LogMein by 0.8% in the second quarter. Great West Life Assurance Co. Can now owns 31,409 shares of the software maker’s stock worth $3,280,000 after acquiring an additional 236 shares during the last quarter. Institutional investors own 99.32% of the company’s stock.

In other news, insider Christopher Battles sold 1,136 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $119.43, for a total transaction of $135,672.48. Following the completion of the transaction, the insider now directly owns 2,760 shares in the company, valued at approximately $329,626.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is currently owned by insiders.

Shares of LogMein, Inc. (NASDAQ:LOGM) opened at $119.20 on Thursday. The company has a market capitalization of $6,132.29, a PE ratio of 43.47, a P/E/G ratio of 2.03 and a beta of 1.28. LogMein, Inc. has a 12-month low of $90.35 and a 12-month high of $129.51.

LogMein (NASDAQ:LOGM) last announced its quarterly earnings data on Thursday, October 26th. The software maker reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.05. The firm had revenue of $269.30 million during the quarter, compared to analyst estimates of $270.56 million. LogMein had a return on equity of 5.50% and a net margin of 1.01%. The company’s revenue was up 216.5% on a year-over-year basis. During the same period last year, the company earned $0.56 earnings per share. equities research analysts expect that LogMein, Inc. will post 3.28 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Wednesday, November 8th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. LogMein’s payout ratio is currently 909.17%.

Several research analysts recently commented on LOGM shares. Royal Bank of Canada reaffirmed a “buy” rating and issued a $140.00 target price on shares of LogMein in a research report on Monday, September 4th. Robert W. Baird raised LogMein from a “neutral” rating to an “outperform” rating and set a $130.00 price objective for the company in a report on Tuesday, October 3rd. Piper Jaffray Companies reissued a “buy” rating and set a $170.00 price objective on shares of LogMein in a report on Tuesday, October 24th. Cowen reissued a “buy” rating and set a $134.00 price objective on shares of LogMein in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded LogMein from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $135.96.

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LogMein 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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