As Amerisourcebergen (ABC) Market Value Declined, Artisan Partners Limited Partnership Has Lowered Holding; Clearbridge Investments Lowered Its Logmein (LOGM) Holding by $61.19 Million

January 18, 2018 - By Linda Rogers

Clearbridge Investments Llc decreased its stake in Logmein Inc (LOGM) by 38.3% based on its latest 2017Q3 regulatory filing with the SEC. Clearbridge Investments Llc sold 556,285 shares as the company’s stock rose 17.94% with the market. The institutional investor held 896,299 shares of the technology company at the end of 2017Q3, valued at $98.64M, down from 1.45 million at the end of the previous reported quarter. Clearbridge Investments Llc who had been investing in Logmein Inc for a number of months, seems to be less bullish one the $6.25B market cap company. The stock decreased 0.71% or $0.85 during the last trading session, reaching $118.8. About 59,715 shares traded. LogMeIn, Inc. (NASDAQ:LOGM) has risen 101.86% since January 18, 2017 and is uptrending. It has outperformed by 85.16% the S&P500.

Artisan Partners Limited Partnership decreased its stake in Amerisourcebergen Corp (ABC) by 5.68% based on its latest 2017Q3 regulatory filing with the SEC. Artisan Partners Limited Partnership sold 87,201 shares as the company’s stock declined 1.76% while stock markets rallied. The institutional investor held 1.45M shares of the other pharmaceuticals company at the end of 2017Q3, valued at $119.92 million, down from 1.54M at the end of the previous reported quarter. Artisan Partners Limited Partnership who had been investing in Amerisourcebergen Corp for a number of months, seems to be less bullish one the $21.90B market cap company. The stock decreased 0.85% or $0.87 during the last trading session, reaching $100.43. About 403,879 shares traded. AmerisourceBergen Corporation (NYSE:ABC) has risen 18.80% since January 18, 2017 and is uptrending. It has outperformed by 2.10% the S&P500.

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 11 have Buy rating, 0 Sell and 9 Hold. Therefore 55% are positive. AmerisourceBergen had 61 analyst reports since July 27, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Tuesday, August 29. The stock has “Buy” rating by TheStreet on Monday, July 27. The firm has “Neutral” rating by UBS given on Friday, August 4. The firm earned “Outperform” rating on Tuesday, November 17 by Credit Suisse. The company was upgraded on Friday, December 15 by Goldman Sachs. The stock of AmerisourceBergen Corporation (NYSE:ABC) has “Hold” rating given on Tuesday, August 25 by Zacks. The company was downgraded on Tuesday, January 3 by Mizuho. RBC Capital Markets maintained AmerisourceBergen Corporation (NYSE:ABC) on Friday, May 6 with “Outperform” rating. The rating was downgraded by Raymond James to “Market Perform” on Wednesday, January 6. Bank of America upgraded the stock to “Buy” rating in Thursday, January 12 report.

Analysts await AmerisourceBergen Corporation (NYSE:ABC) to report earnings on January, 30. They expect $1.34 EPS, down 1.47% or $0.02 from last year’s $1.36 per share. ABC’s profit will be $292.24 million for 18.74 P/E if the $1.34 EPS becomes a reality. After $1.33 actual EPS reported by AmerisourceBergen Corporation for the previous quarter, Wall Street now forecasts 0.75% EPS growth.

Artisan Partners Limited Partnership, which manages about $54.11 billion US Long portfolio, upped its stake in Express Scripts Hldg Co (NASDAQ:ESRX) by 17,381 shares to 677,200 shares, valued at $42.88 million in 2017Q3, according to the filing. It also increased its holding in Mercadolibre Inc (NASDAQ:MELI) by 29,700 shares in the quarter, for a total of 85,671 shares, and has risen its stake in Medtronic Plc (NYSE:MDT).

Analysts await LogMeIn, Inc. (NASDAQ:LOGM) to report earnings on February, 27. They expect $0.91 earnings per share, up 175.76% or $0.58 from last year’s $0.33 per share. LOGM’s profit will be $47.90M for 32.64 P/E if the $0.91 EPS becomes a reality. After $0.93 actual earnings per share reported by LogMeIn, Inc. for the previous quarter, Wall Street now forecasts -2.15% negative EPS growth.

Investors sentiment increased to 1.33 in 2017 Q3. Its up 0.31, from 1.02 in 2017Q2. It is positive, as 33 investors sold LOGM shares while 100 reduced holdings. 50 funds opened positions while 127 raised stakes. 51.03 million shares or 4.65% more from 48.76 million shares in 2017Q2 were reported. Sg Americas Secs Lc has invested 0% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). Invesco Limited reported 1.04M shares or 0.04% of all its holdings. Trust Of Vermont stated it has 5 shares. Cim Limited Liability owns 8,031 shares. Hsbc Public Limited owns 152,382 shares. Ameritas Invest owns 15,765 shares. Los Angeles Cap Management And Equity holds 62,785 shares. Oregon-based Hood River Cap Ltd has invested 0.9% in LogMeIn, Inc. (NASDAQ:LOGM). The California-based California Public Employees Retirement Systems has invested 0.02% in LogMeIn, Inc. (NASDAQ:LOGM). Manufacturers Life Insurance The holds 0.01% or 104,869 shares. Ledyard Bancorporation reported 95 shares stake. Jaffetilchin Invest Prtn Ltd Com reported 0.08% stake. 10,267 were accumulated by Stifel Fincl. Ratan Mngmt Lp holds 5.06% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM) for 76,226 shares. Ftb Advsr holds 425 shares or 0% of its portfolio.

Among 13 analysts covering LogMeIn (NASDAQ:LOGM), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. LogMeIn had 45 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Northland Capital with “Buy” on Thursday, July 27. Barclays Capital maintained the stock with “Underweight” rating in Wednesday, July 27 report. The firm earned “Outperform” rating on Friday, July 24 by Northland Capital. As per Friday, July 28, the company rating was maintained by Cowen & Co. The rating was maintained by Needham on Thursday, September 3 with “Strong-Buy”. Barclays Capital maintained LogMeIn, Inc. (NASDAQ:LOGM) rating on Wednesday, January 25. Barclays Capital has “Overweight” rating and $120 target. The stock of LogMeIn, Inc. (NASDAQ:LOGM) earned “Sector Weight” rating by Pacific Crest on Wednesday, July 27. The company was maintained on Friday, February 12 by RBC Capital Markets. The stock of LogMeIn, Inc. (NASDAQ:LOGM) has “Strong Buy” rating given on Friday, July 24 by Needham. The rating was upgraded by KeyBanc Capital Markets to “Overweight” on Friday, August 28.

Since August 1, 2017, it had 0 insider buys, and 7 selling transactions for $7.92 million activity. $1.65 million worth of LogMeIn, Inc. (NASDAQ:LOGM) was sold by Ford W. Sean on Friday, August 4. Shares for $2.33M were sold by Simon Michael K. The insider Battles Christopher sold 721 shares worth $84,922. On Tuesday, August 1 Herdiech Edward K. sold $747,626 worth of LogMeIn, Inc. (NASDAQ:LOGM) or 6,354 shares. Another trade for 4,588 shares valued at $533,581 was sold by Wagner William Raymond.

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