Wilkins Investment Counsel Inc. Buys 1,790 Shares of LogMeIn Inc (LOGM)

Wilkins Investment Counsel Inc. lifted its stake in LogMeIn Inc (NASDAQ:LOGM) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,475 shares of the software maker’s stock after acquiring an additional 1,790 shares during the period. Wilkins Investment Counsel Inc. owned 0.06% of LogMeIn worth $3,489,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in shares of LogMeIn by 31.8% in the 4th quarter. Wells Fargo & Company MN now owns 2,005,473 shares of the software maker’s stock worth $229,626,000 after acquiring an additional 483,790 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of LogMeIn by 6.7% in the 4th quarter. Victory Capital Management Inc. now owns 1,274,465 shares of the software maker’s stock worth $145,926,000 after acquiring an additional 79,880 shares in the last quarter. American Century Companies Inc. raised its position in shares of LogMeIn by 1.3% in the 4th quarter. American Century Companies Inc. now owns 1,179,710 shares of the software maker’s stock worth $135,077,000 after acquiring an additional 15,263 shares in the last quarter. First Trust Advisors LP raised its position in shares of LogMeIn by 12.4% in the 4th quarter. First Trust Advisors LP now owns 1,004,864 shares of the software maker’s stock worth $115,057,000 after acquiring an additional 110,620 shares in the last quarter. Finally, GW&K Investment Management LLC raised its position in shares of LogMeIn by 22.0% in the 4th quarter. GW&K Investment Management LLC now owns 784,689 shares of the software maker’s stock worth $89,847,000 after acquiring an additional 141,593 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Shares of LogMeIn Inc (NASDAQ LOGM) traded up $4.25 during mid-day trading on Thursday, reaching $130.20. The company had a trading volume of 1,053,200 shares, compared to its average volume of 468,758. LogMeIn Inc has a 1 year low of $90.35 and a 1 year high of $134.52. The stock has a market cap of $6,850.00, a P/E ratio of 1,183.64, a price-to-earnings-growth ratio of 1.79 and a beta of 1.36.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Monday, February 12th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.92%. This is an increase from LogMeIn’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 9th. LogMeIn’s payout ratio is 1,090.91%.

LOGM has been the subject of several recent research reports. Zacks Investment Research lowered LogMeIn from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Cowen reissued a “buy” rating and issued a $145.00 price target on shares of LogMeIn in a research report on Sunday, October 29th. Piper Jaffray Companies reissued a “buy” rating and issued a $170.00 price target on shares of LogMeIn in a research report on Tuesday, October 24th. Barclays boosted their target price on LogMeIn from $132.00 to $142.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Finally, Needham & Company LLC dropped their target price on LogMeIn from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. LogMeIn presently has an average rating of “Buy” and a consensus target price of $136.52.

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LogMeIn Company 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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