State of Alaska Department of Revenue Takes Position in LogMeIn Inc (LOGM)
State of Alaska Department of Revenue purchased a new stake in LogMeIn Inc (NASDAQ:LOGM) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 5,840 shares of the software maker’s stock, valued at approximately $666,000.
Several other large investors have also recently added to or reduced their stakes in LOGM. Reliance Trust Co. of Delaware bought a new stake in shares of LogMeIn in the 3rd quarter valued at about $201,000. Stephens Inc. AR bought a new stake in shares of LogMeIn in the 3rd quarter valued at about $202,000. M&T Bank Corp boosted its holdings in shares of LogMeIn by 1.8% in the 2nd quarter. M&T Bank Corp now owns 2,104 shares of the software maker’s stock valued at $219,000 after buying an additional 37 shares in the last quarter. Sciencast Management LP bought a new stake in shares of LogMeIn in the 2nd quarter valued at about $254,000. Finally, Turner Investments LLC bought a new stake in shares of LogMeIn in the 3rd quarter valued at about $275,000. Institutional investors and hedge funds own 99.83% of the company’s stock.
LogMeIn Inc (LOGM) opened at $126.45 on Friday. LogMeIn Inc has a 1 year low of $90.35 and a 1 year high of $129.51. The stock has a market cap of $6,621.82 and a P/E ratio of 46.94.
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.
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