MetLife Investment Advisors LLC Sells 560 Shares of LogMeIn Inc (LOGM)

MetLife Investment Advisors LLC trimmed its stake in LogMeIn Inc (NASDAQ:LOGM) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,196 shares of the software maker’s stock after selling 560 shares during the period. MetLife Investment Advisors LLC owned about 0.06% of LogMeIn worth $2,545,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LOGM. IFP Advisors Inc grew its holdings in LogMeIn by 853.7% during the 4th quarter. IFP Advisors Inc now owns 782 shares of the software maker’s stock worth $63,000 after acquiring an additional 700 shares during the period. Enlightenment Research LLC acquired a new stake in shares of LogMeIn in the 4th quarter valued at about $65,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of LogMeIn in the 4th quarter valued at about $96,000. Ffcm LLC grew its stake in shares of LogMeIn by 2,045.0% in the 4th quarter. Ffcm LLC now owns 1,287 shares of the software maker’s stock valued at $105,000 after buying an additional 1,227 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of LogMeIn by 50.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,635 shares of the software maker’s stock valued at $215,000 after buying an additional 886 shares during the period. Institutional investors and hedge funds own 97.95% of the company’s stock.

In other LogMeIn news, Director Michael K. Simon sold 22,500 shares of LogMeIn stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $81.22, for a total transaction of $1,827,450.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.40% of the stock is owned by company insiders.

NASDAQ LOGM traded up $0.82 during trading hours on Friday, hitting $82.04. The company’s stock had a trading volume of 1,125,118 shares, compared to its average volume of 720,083. LogMeIn Inc has a 52 week low of $74.87 and a 52 week high of $123.00. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 1.23 and a beta of 1.03. 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 (NASDAQ:LOGM) last announced its quarterly earnings results on Thursday, February 14th. The software maker reported $1.47 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $310.70 million for the quarter, compared to analysts’ expectations of $306.57 million. During the same quarter last year, the firm earned $1.20 EPS. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, sell-side analysts predict that LogMeIn Inc will post 3.81 EPS for the current year.

Several analysts have recently commented on the company. BidaskClub upgraded LogMeIn from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 13th. KeyCorp reduced their target price on LogMeIn from $120.00 to $95.00 and set an “overweight” rating for the company in a research note on Friday, February 15th. Oppenheimer downgraded LogMeIn from an “outperform” rating to a “market perform” rating and set a $105.00 target price for the company. in a research note on Friday, February 15th. Needham & Company LLC downgraded LogMeIn from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Finally, Barclays cut shares of LogMeIn from an “overweight” rating to an “underweight” rating and dropped their price target for the company from $104.00 to $74.00 in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $100.45.

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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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