First Trust Advisors LP lowered its position in LogMeIn Inc (NASDAQ:LOGM) by 13.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,790,839 shares of the software maker’s stock after selling 266,596 shares during the quarter. First Trust Advisors LP owned about 3.59% of LogMeIn worth $127,078,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in LOGM. Teton Advisors Inc. bought a new position in LogMeIn in the 3rd quarter worth $624,000. Russell Investments Group Ltd. lifted its position in shares of LogMeIn by 15.1% during the third quarter. Russell Investments Group Ltd. now owns 282,029 shares of the software maker’s stock worth $19,922,000 after purchasing an additional 36,939 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of LogMeIn by 9.1% during the third quarter. Oppenheimer & Co. Inc. now owns 7,627 shares of the software maker’s stock worth $541,000 after purchasing an additional 636 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of LogMeIn by 661.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 8,538 shares of the software maker’s stock worth $605,000 after purchasing an additional 7,417 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of LogMeIn by 43.8% during the third quarter. California Public Employees Retirement System now owns 131,532 shares of the software maker’s stock worth $9,334,000 after purchasing an additional 40,043 shares in the last quarter. Institutional investors own 95.81% of the company’s stock.

Shares of LOGM traded up $0.31 on Friday, reaching $69.89. 1,178,176 shares of the company’s stock were exchanged, compared to its average volume of 611,461. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $3.50 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 3.44 and a beta of 1.07. The business has a 50 day moving average price of $68.48 and a two-hundred day moving average price of $72.37. LogMeIn Inc has a 12 month low of $62.02 and a 12 month high of $96.87.

LogMeIn (NASDAQ:LOGM) last posted its quarterly earnings results on Thursday, October 24th. The software maker reported $1.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.03. The business had revenue of $317.20 million during the quarter, compared to the consensus estimate of $316.29 million. LogMeIn had a net margin of 1.20% and a return on equity of 7.37%. LogMeIn’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.40 earnings per share. Equities research analysts predict that LogMeIn Inc will post 4.08 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Tuesday, November 12th. LogMeIn’s dividend payout ratio (DPR) is 28.57%.

A number of equities analysts have recently issued reports on the stock. Northland Securities reiterated a “buy” rating on shares of LogMeIn in a research report on Friday, July 26th. Royal Bank of Canada reduced their target price on shares of LogMeIn from $87.00 to $70.00 and set a “sector perform” rating on the stock in a research report on Friday, October 25th. ValuEngine upgraded shares of LogMeIn from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of LogMeIn from a “hold” rating to a “strong-buy” rating and set a $81.00 target price on the stock in a research report on Wednesday, July 31st. Finally, Robert W. Baird set a $85.00 target price on shares of LogMeIn and gave the stock a “hold” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $88.20.

In related news, Director Steven J. Benson sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $66.96, for a total transaction of $66,960.00. Following the completion of the sale, the director now directly owns 2,223 shares of the company’s stock, valued at $148,852.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Peter John Sacripanti sold 7,124 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $70.00, for a total transaction of $498,680.00. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

LogMeIn Profile

LogMeIn, Inc provides a portfolio of cloud-based communication and collaboration, identity and access, and customer engagement and support solutions. It enables people to connect with each other worldwide to drive meaningful interactions, deepen relationships, and create better outcomes for individuals and businesses.

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Institutional Ownership by Quarter for LogMeIn (NASDAQ:LOGM)

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