Public Employees Retirement System of Ohio lessened its holdings in shares of LogMeIn Inc (NASDAQ:LOGM) by 9.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,737 shares of the software maker’s stock after selling 9,333 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in LogMeIn were worth $9,059,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bronfman E.L. Rothschild L.P. boosted its position in shares of LogMeIn by 299.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,350 shares of the software maker’s stock valued at $139,000 after acquiring an additional 1,012 shares during the last quarter. Summit Trail Advisors LLC boosted its position in shares of LogMeIn by 10,016.5% during the 1st quarter. Summit Trail Advisors LLC now owns 143,452 shares of the software maker’s stock valued at $143,000 after acquiring an additional 142,034 shares during the last quarter. Assetmark Inc. boosted its position in shares of LogMeIn by 77.5% during the 1st quarter. Assetmark Inc. now owns 1,436 shares of the software maker’s stock valued at $166,000 after acquiring an additional 627 shares during the last quarter. Osborn Williams & Donohoe LLC acquired a new position in shares of LogMeIn during the 2nd quarter valued at about $200,000. Finally, Global X Management Co LLC acquired a new position in shares of LogMeIn during the 2nd quarter valued at about $216,000. 98.73% of the stock is currently owned by institutional investors.

Several brokerages have recently weighed in on LOGM. ValuEngine raised shares of LogMeIn from a “sell” rating to a “hold” rating in a research report on Wednesday, June 20th. Zacks Investment Research raised shares of LogMeIn from a “sell” rating to a “hold” rating in a research report on Thursday, May 31st. BidaskClub raised shares of LogMeIn from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. KeyCorp lowered their price target on shares of LogMeIn from $135.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, July 27th. Finally, Piper Jaffray Companies cut shares of LogMeIn from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $135.00 to $95.00 in a research report on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $117.90.

In related news, insider Christopher Battles sold 2,530 shares of the business’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $81.13, for a total value of $205,258.90. Following the sale, the insider now directly owns 5,468 shares in the company, valued at approximately $443,618.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael K. Simon sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $80.92, for a total transaction of $1,618,400.00. Following the completion of the sale, the director now owns 664,053 shares in the company, valued at $53,735,168.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,790 shares of company stock worth $5,190,442. 2.50% of the stock is owned by insiders.

Shares of LOGM opened at $86.60 on Thursday. The stock has a market capitalization of $4.54 billion, a P/E ratio of 22.22, a P/E/G ratio of 1.19 and a beta of 1.09. LogMeIn Inc has a 12-month low of $77.05 and a 12-month high of $134.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.64 and a current ratio of 0.64.

LogMeIn (NASDAQ:LOGM) last issued its quarterly earnings data on Thursday, July 26th. The software maker reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. The firm had revenue of $307.00 million for the quarter, compared to analyst estimates of $305.13 million. LogMeIn had a net margin of 12.34% and a return on equity of 6.75%. LogMeIn’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 EPS. analysts expect that LogMeIn Inc will post 4.2 earnings per share for the current year.

LogMeIn Company 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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