Jane Street Group LLC reduced its position in shares of LogMein, Inc. (NASDAQ:LOGM) by 90.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,929 shares of the software maker’s stock after selling 91,359 shares during the quarter. Jane Street Group LLC’s holdings in LogMein were worth $1,093,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Creative Planning raised its holdings in LogMein by 0.3% in the 2nd quarter. Creative Planning now owns 1,147 shares of the software maker’s stock worth $120,000 after purchasing an additional 3 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of LogMein by 16.7% in the 2nd 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 in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of LogMein by 87.8% in the 2nd 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 in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of LogMein by 0.8% in the 2nd 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 in the last quarter. Finally, Trexquant Investment LP bought a new position in shares of LogMein in the 2nd quarter worth about $209,000. Institutional investors own 99.32% of the company’s stock.

In related news, insider Christopher Battles sold 1,136 shares of the stock in a transaction dated Tuesday, October 31st. The shares were 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 of the company’s stock, valued at approximately $329,626.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Several research analysts recently issued reports on LOGM shares. Cowen reiterated a “buy” rating and issued a $134.00 price target on shares of LogMein in a research note on Friday, September 1st. Robert W. Baird reiterated a “hold” rating and issued a $130.00 price target on shares of LogMein in a research note on Friday, September 1st. Royal Bank of Canada reiterated a “buy” rating and issued a $140.00 price target on shares of LogMein in a research note on Monday, September 4th. Zacks Investment Research lowered shares of LogMein from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $170.00 price target on shares of LogMein in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. LogMein has an average rating of “Buy” and a consensus price target of $135.96.

Shares of LogMein, Inc. (NASDAQ:LOGM) opened at $116.50 on Wednesday. LogMein, Inc. has a 1 year low of $90.35 and a 1 year high of $129.51. The company has a market cap of $6,174.40, a PE ratio of 43.77, a P/E/G ratio of 2.04 and a beta of 1.28.

LogMein (NASDAQ:LOGM) last announced its quarterly earnings data on Thursday, October 26th. The software maker reported $1.16 EPS for the quarter, beating the Thomson Reuters’ 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 company had revenue of $269.30 million for the quarter, compared to the consensus estimate of $270.56 million. During the same period in the prior year, the firm posted $0.56 EPS. LogMein’s revenue for the quarter was up 216.5% on a year-over-year basis. analysts anticipate that LogMein, Inc. will post 3.28 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Wednesday, November 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.86%. The ex-dividend date was Tuesday, November 7th. LogMein’s dividend payout ratio (DPR) is 909.17%.

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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.

Institutional Ownership by Quarter for LogMein (NASDAQ:LOGM)

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