Axa cut its stake in LogMeIn Inc (NASDAQ:LOGM) by 96.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,600 shares of the software maker’s stock after selling 63,997 shares during the period. Axa’s holdings in LogMeIn were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of LOGM. First Trust Advisors LP grew its position in shares of LogMeIn by 20.5% in the third quarter. First Trust Advisors LP now owns 1,806,406 shares of the software maker’s stock valued at $160,951,000 after purchasing an additional 307,690 shares in the last quarter. American Capital Management Inc. grew its position in shares of LogMeIn by 15,066.6% in the third quarter. American Capital Management Inc. now owns 301,815 shares of the software maker’s stock valued at $26,892,000 after purchasing an additional 299,825 shares in the last quarter. King Luther Capital Management Corp purchased a new stake in shares of LogMeIn in the second quarter valued at approximately $21,611,000. Massachusetts Financial Services Co. MA grew its position in shares of LogMeIn by 16.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,385,771 shares of the software maker’s stock valued at $123,473,000 after purchasing an additional 200,180 shares in the last quarter. Finally, Morgan Stanley grew its position in shares of LogMeIn by 124.3% in the second quarter. Morgan Stanley now owns 328,531 shares of the software maker’s stock valued at $33,921,000 after purchasing an additional 182,043 shares in the last quarter. Institutional investors and hedge funds own 97.97% of the company’s stock.

Shares of LogMeIn stock opened at $86.75 on Monday. The company has a market capitalization of $4.44 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 1.13 and a beta of 1.05. LogMeIn Inc has a fifty-two week low of $74.87 and a fifty-two week high of $134.80. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.07.

LogMeIn (NASDAQ:LOGM) last issued its quarterly earnings data on Thursday, October 25th. The software maker reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.06. The company had revenue of $309.58 million during the quarter, compared to analyst estimates of $302.92 million. LogMeIn had a return on equity of 7.19% and a net margin of 12.16%. Equities research analysts predict that LogMeIn Inc will post 4.38 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Wednesday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Tuesday, November 13th. LogMeIn’s dividend payout ratio (DPR) is 35.82%.

In other LogMeIn news, Director Michael K. Simon sold 20,000 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $92.37, for a total transaction of $1,847,400.00. Following the transaction, the director now directly owns 588,889 shares in the company, valued at $54,395,676.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is owned by corporate insiders.

LOGM has been the subject of a number of analyst reports. TheStreet upgraded LogMeIn from a “c+” rating to a “b-” rating in a research report on Monday, November 26th. BidaskClub upgraded LogMeIn from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Needham & Company LLC dropped their price target on LogMeIn from $112.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, September 7th. Zacks Investment Research upgraded LogMeIn from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research report on Friday, November 16th. Finally, Piper Jaffray Companies dropped their price target on LogMeIn from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Monday, October 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $110.10.

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LogMeIn 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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