JPMorgan Chase & Co. grew its position in LogMein, Inc. (NASDAQ:LOGM) by 341.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 330,181 shares of the software maker’s stock after buying an additional 255,338 shares during the quarter. JPMorgan Chase & Co. owned 0.63% of LogMein worth $35,429,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of LOGM. 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 buying an additional 3 shares in the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of LogMein by 16.7% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 11,382 shares of the software maker’s stock valued at $1,189,000 after purchasing an additional 1,631 shares during the last quarter. NGAM Advisors L.P. grew its holdings in shares of LogMein by 13.4% during the 2nd quarter. NGAM Advisors L.P. now owns 16,254 shares of the software maker’s stock valued at $1,699,000 after purchasing an additional 1,919 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of LogMein by 87.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 5,889 shares of the software maker’s stock valued at $616,000 after purchasing an additional 2,753 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of LogMein by 0.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 31,409 shares of the software maker’s stock valued at $3,280,000 after purchasing an additional 236 shares during the last quarter. Institutional investors own 99.32% of the company’s stock.

Shares of LogMein, Inc. (NASDAQ LOGM) opened at $117.30 on Tuesday. LogMein, Inc. has a 1-year low of $90.35 and a 1-year high of $129.51. The firm has a market cap of $6,180.00, a P/E ratio of 43.66, a price-to-earnings-growth ratio of 2.04 and a beta of 1.28.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Wednesday, November 8th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Tuesday, November 7th. LogMein’s payout ratio is 909.09%.

In other LogMein news, Director Steven J. Benson sold 3,016 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $111.60, for a total transaction of $336,585.60. Following the sale, the director now directly owns 1,787 shares of the company’s stock, valued at approximately $199,429.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Battles sold 1,136 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $119.43, for a total transaction of $135,672.48. Following the sale, the insider now directly owns 2,760 shares in the company, valued at $329,626.80. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

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

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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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