Dimensional Fund Advisors LP Has $42.96 Million Position in LogMeIn Inc (LOGM)

Dimensional Fund Advisors LP grew its position in shares of LogMeIn Inc (NASDAQ:LOGM) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 390,455 shares of the software maker’s stock after acquiring an additional 11,858 shares during the quarter. Dimensional Fund Advisors LP owned about 0.74% of LogMeIn worth $42,964,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in LOGM. Reliance Trust Co. of Delaware bought a new stake in shares of LogMeIn during the third quarter valued at about $201,000. Stephens Inc. AR bought a new stake in shares of LogMeIn during the third quarter valued at about $202,000. Dorsey & Whitney Trust CO LLC bought a new stake in shares of LogMeIn during the second quarter valued at about $208,000. M&T Bank Corp raised its stake in shares of LogMeIn by 1.8% during the second quarter. M&T Bank Corp now owns 2,104 shares of the software maker’s stock valued at $219,000 after purchasing an additional 37 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of LogMeIn by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,140 shares of the software maker’s stock valued at $224,000 after purchasing an additional 189 shares in the last quarter. 99.25% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on the stock. Cowen restated a “buy” rating and set a $145.00 price objective on shares of LogMeIn in a research note on Sunday, October 29th. Barclays lifted their price objective on shares of LogMeIn from $132.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of LogMeIn from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Wednesday, November 1st. Piper Jaffray Companies reiterated a “buy” rating and issued a $170.00 price target on shares of LogMeIn in a research report on Tuesday, October 24th. Finally, Oppenheimer reiterated a “hold” rating on shares of LogMeIn in a research report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. LogMeIn currently has a consensus rating of “Buy” and a consensus price target of $136.52.

In related news, insider Christopher Battles sold 1,136 shares of LogMeIn stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $119.43, for a total value of $135,672.48. Following the transaction, the insider now owns 2,760 shares of the company’s stock, valued at approximately $329,626.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.

Shares of LogMeIn Inc (NASDAQ LOGM) opened at $119.40 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 $6,369.16, a PE ratio of 1,085.55, a price-to-earnings-growth ratio of 1.72 and a beta of 1.29.

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

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LogMeIn Profile

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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