Alpha Windward LLC purchased a new stake in LogMeIn Inc (NASDAQ:LOGM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,663 shares of the software maker’s stock, valued at approximately $534,000.

A number of other institutional investors and hedge funds have also made changes to their positions in LOGM. Reliance Trust Co. of Delaware acquired a new position in LogMeIn in the third quarter valued at approximately $201,000. Stephens Inc. AR acquired a new position in LogMeIn in the third quarter valued at approximately $202,000. M&T Bank Corp boosted its holdings in LogMeIn by 1.8% in 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. Sciencast Management LP acquired a new position in LogMeIn in the second quarter valued at approximately $254,000. Finally, Turner Investments LLC acquired a new position in LogMeIn in the third quarter valued at approximately $275,000. 99.25% of the stock is owned by hedge funds and other institutional investors.

In other LogMeIn news, insider Christopher Battles sold 1,136 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $119.43, for a total value of $135,672.48. Following the completion of the sale, the insider now owns 2,760 shares in the company, valued at $329,626.80. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.50% of the stock is currently owned by insiders.

Shares of LogMeIn Inc (NASDAQ LOGM) opened at $118.50 on Friday. LogMeIn Inc has a 52 week low of $90.35 and a 52 week high of $129.51. The firm has a market capitalization of $6,284.94, a P/E ratio of 1,077.37, a price-to-earnings-growth ratio of 1.70 and a beta of 1.29.

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

A number of equities analysts recently issued reports on LOGM shares. Robert W. Baird raised LogMeIn from a “neutral” rating to an “outperform” rating and set a $130.00 price target for the company in a report on Tuesday, October 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $170.00 price target on shares of LogMeIn in a report on Tuesday, October 24th. Needham & Company LLC lowered their price target on LogMeIn from $135.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, December 20th. Cowen reaffirmed a “buy” rating and issued a $145.00 price target on shares of LogMeIn in a report on Sunday, October 29th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of LogMeIn in a report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $136.52.

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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.

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Institutional Ownership by Quarter for LogMeIn (NASDAQ:LOGM)

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