Deutsche Bank AG reduced its stake in LogMeIn Inc (NASDAQ:LOGM) by 29.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 300,738 shares of the software maker’s stock after selling 127,112 shares during the period. Deutsche Bank AG’s holdings in LogMeIn were worth $24,527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of LogMeIn by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,579,956 shares of the software maker’s stock valued at $408,073,000 after purchasing an additional 63,104 shares in the last quarter. Vanguard Group Inc boosted its position in LogMeIn by 1.4% during the 3rd quarter. Vanguard Group Inc now owns 4,579,956 shares of the software maker’s stock worth $408,073,000 after buying an additional 63,104 shares during the period. BlackRock Inc. boosted its position in LogMeIn by 1.0% during the 4th quarter. BlackRock Inc. now owns 4,547,403 shares of the software maker’s stock worth $370,931,000 after buying an additional 45,603 shares during the period. Bank of New York Mellon Corp boosted its position in LogMeIn by 2.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,707,533 shares of the software maker’s stock worth $139,285,000 after buying an additional 43,653 shares during the period. Finally, Epoch Investment Partners Inc. boosted its position in LogMeIn by 51.1% during the 4th quarter. Epoch Investment Partners Inc. now owns 1,106,383 shares of the software maker’s stock worth $90,248,000 after buying an additional 374,020 shares during the period. Institutional investors own 97.95% of the company’s stock.

NASDAQ:LOGM opened at $83.38 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.63 and a current ratio of 0.63. LogMeIn Inc has a one year low of $74.87 and a one year high of $123.00. The company has a market cap of $4.27 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 1.26 and a beta of 1.03.

LogMeIn (NASDAQ:LOGM) last released its quarterly earnings results on Thursday, February 14th. The software maker reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.06. LogMeIn had a net margin of 6.17% and a return on equity of 7.69%. The firm had revenue of $310.70 million during the quarter, compared to analyst estimates of $306.57 million. During the same quarter last year, the business earned $1.20 EPS. The company’s revenue was up 12.6% compared to the same quarter last year. On average, analysts expect that LogMeIn Inc will post 3.81 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Monday, February 25th were issued a dividend of $0.325 per share. This is a positive change from LogMeIn’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 22nd. This represents a $1.30 annualized dividend and a yield of 1.56%. LogMeIn’s dividend payout ratio (DPR) is presently 28.57%.

In other LogMeIn news, Director Michael K. Simon sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $81.17, for a total transaction of $1,826,325.00. Following the completion of the transaction, the director now owns 547,074 shares in the company, valued at approximately $44,405,996.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.30% of the stock is currently owned by company insiders.

LOGM has been the topic of several recent research reports. BidaskClub upgraded shares of LogMeIn from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 13th. Needham & Company LLC downgraded shares of LogMeIn from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. ValuEngine downgraded shares of LogMeIn from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Zacks Investment Research downgraded shares of LogMeIn from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Finally, Oppenheimer downgraded shares of LogMeIn from an “outperform” rating to a “market perform” rating and set a $105.00 target price on the stock. in a research report on Friday, February 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $104.00.

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About LogMeIn

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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