Trillium Asset Management LLC raised its stake in shares of LogMein, Inc. (NASDAQ:LOGM) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,908 shares of the software maker’s stock after buying an additional 3,236 shares during the quarter. Trillium Asset Management LLC owned about 0.21% of LogMein worth $11,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC grew its holdings in LogMein by 45.9% during the 2nd quarter. FMR LLC now owns 4,236,789 shares of the software maker’s stock valued at $442,745,000 after buying an additional 1,333,687 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in LogMein by 49.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,564,888 shares of the software maker’s stock valued at $163,531,000 after buying an additional 520,318 shares in the last quarter. American Century Companies Inc. grew its holdings in LogMein by 14.4% during the 3rd quarter. American Century Companies Inc. now owns 1,164,447 shares of the software maker’s stock valued at $128,147,000 after buying an additional 146,549 shares in the last quarter. First Trust Advisors LP grew its holdings in LogMein by 5.5% during the 3rd quarter. First Trust Advisors LP now owns 894,244 shares of the software maker’s stock valued at $98,412,000 after buying an additional 46,968 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in LogMein by 23.6% during the 2nd quarter. Wells Fargo & Company MN now owns 866,387 shares of the software maker’s stock valued at $90,537,000 after buying an additional 165,690 shares in the last quarter. 95.80% of the stock is owned by institutional investors and hedge funds.

In related news, Director Steven J. Benson sold 3,016 shares of LogMein stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $111.60, for a total transaction of $336,585.60. Following the completion of the transaction, the director now directly owns 1,787 shares of the company’s stock, valued at $199,429.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael K. Simon sold 20,000 shares of LogMein stock in a transaction on Monday, September 11th. The stock was sold at an average price of $111.93, for a total value of $2,238,600.00. Following the transaction, the director now directly owns 765,579 shares of the company’s stock, valued at $85,691,257.47. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,152 shares of company stock valued at $2,710,858. 2.50% of the stock is currently owned by insiders.

LogMein, Inc. (LOGM) traded up $2.00 during midday trading on Monday, hitting $124.75. The stock had a trading volume of 171,823 shares, compared to its average volume of 632,366. The company has a market cap of $6,461.27, a P/E ratio of 45.80, a P/E/G ratio of 2.14 and a beta of 1.34. LogMein, Inc. has a 52-week low of $90.35 and a 52-week high of $129.51.

LogMein (NASDAQ:LOGM) last issued its quarterly earnings data on Thursday, October 26th. The software maker reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.05. The firm had revenue of $269.30 million during the quarter, compared to analysts’ expectations of $270.56 million. LogMein had a return on equity of 5.50% and a net margin of 1.01%. LogMein’s revenue was up 216.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 earnings per share. sell-side analysts predict that LogMein, Inc. will post 3.28 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Wednesday, November 8th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, November 7th. This represents a $1.00 annualized dividend and a yield of 0.80%. LogMein’s dividend payout ratio is presently 909.17%.

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A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of LogMein from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a report on Wednesday, November 1st. Cowen and Company reaffirmed a “buy” rating and set a $145.00 price objective on shares of LogMein in a report on Sunday, October 29th. Barclays PLC increased their price objective on shares of LogMein from $132.00 to $142.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $170.00 price objective on shares of LogMein in a report on Tuesday, October 24th. Finally, Robert W. Baird raised shares of LogMein from a “neutral” rating to an “outperform” rating and set a $130.00 price objective for the company in a report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. LogMein presently has an average rating of “Buy” and a consensus price target of $135.96.

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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