Signition LP purchased a new position in shares of LogMeIn Inc (NASDAQ:LOGM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,491 shares of the software maker’s stock, valued at approximately $972,000. LogMeIn comprises approximately 1.3% of Signition LP’s holdings, making the stock its 13th biggest position.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of LogMeIn by 341.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 330,181 shares of the software maker’s stock worth $35,429,000 after buying an additional 255,338 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of LogMeIn by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 378,597 shares of the software maker’s stock worth $39,566,000 after buying an additional 45,825 shares during the last quarter. Profit Investment Management LLC acquired a new position in shares of LogMeIn during the 3rd quarter worth $932,000. AXA acquired a new position in shares of LogMeIn during the 3rd quarter worth $6,042,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of LogMeIn by 31.4% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 26,593 shares of the software maker’s stock worth $2,927,000 after buying an additional 6,360 shares during the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

LogMeIn Inc (NASDAQ:LOGM) opened at $125.95 on Wednesday. LogMeIn Inc has a one year low of $90.35 and a one year high of $129.51. The company has a market cap of $6,566.55, a PE ratio of 1,145.10, a PEG ratio of 1.77 and a beta of 1.36.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Monday, February 12th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, February 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.95%. This is an increase from LogMeIn’s previous quarterly dividend of $0.25. LogMeIn’s dividend payout ratio is currently 1,091.01%.

Several research analysts recently weighed in on the stock. BidaskClub raised shares of LogMeIn from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Investment Research raised shares of 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. Oppenheimer reissued a “hold” rating on shares of LogMeIn in a research note on Wednesday, December 20th. Needham & Company LLC cut their target price on shares of LogMeIn from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, December 20th. Finally, Barclays boosted their target price on shares of LogMeIn from $132.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. LogMeIn presently has a consensus rating of “Buy” and a consensus target price of $136.52.

COPYRIGHT VIOLATION WARNING: This news story was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://www.thecerbatgem.com/2018/02/14/signition-lp-purchases-shares-of-8491-logmein-inc-logm.html.

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.

Want to see what other hedge funds are holding LOGM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LogMeIn Inc (NASDAQ:LOGM).

Institutional Ownership by Quarter for LogMeIn (NASDAQ:LOGM)

Receive News & Ratings for LogMeIn Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LogMeIn and related companies with MarketBeat.com's FREE daily email newsletter.