Columbia Wanger Asset Management Lowered Logmein (LOGM) Stake as Stock Value Rose; Bank Of America Has Raised Its Watts Water Technologies (WTS) Holding by $484,173

February 15, 2018 - By Migdalia James

Bank Of America Corp increased its stake in Watts Water Technologies Inc (WTS) by 4.6% based on its latest 2017Q3 regulatory filing with the SEC. Bank Of America Corp bought 7,017 shares as the company’s stock rose 1.77% with the market. The institutional investor held 159,516 shares of the capital goods company at the end of 2017Q3, valued at $11.04 million, up from 152,499 at the end of the previous reported quarter. Bank Of America Corp who had been investing in Watts Water Technologies Inc for a number of months, seems to be bullish on the $2.59B market cap company. It closed at $75.85 lastly. It is down 15.50% since February 15, 2017 and is uptrending. It has underperformed by 1.20% the S&P500.

Columbia Wanger Asset Management Llc decreased its stake in Logmein Inc (LOGM) by 7.52% based on its latest 2017Q3 regulatory filing with the SEC. Columbia Wanger Asset Management Llc sold 8,216 shares as the company’s stock rose 17.94% with the market. The institutional investor held 101,106 shares of the technology company at the end of 2017Q3, valued at $11.13 million, down from 109,322 at the end of the previous reported quarter. Columbia Wanger Asset Management Llc who had been investing in Logmein Inc for a number of months, seems to be less bullish one the $6.98 billion market cap company. The stock increased 1.80% or $2.35 during the last trading session, reaching $132.55. About 526,577 shares traded or 4.67% up from the average. LogMeIn, Inc. (NASDAQ:LOGM) has risen 101.86% since February 15, 2017 and is uptrending. It has outperformed by 85.16% the S&P500.

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.52, from 1.67 in 2017Q2. It dived, as 23 investors sold WTS shares while 51 reduced holdings. 24 funds opened positions while 61 raised stakes. 25.81 million shares or 0.06% more from 25.80 million shares in 2017Q2 were reported. Piedmont Inv Advisors Ltd Liability Company reported 0.01% in Watts Water Technologies, Inc. (NYSE:WTS). Texas-based Dimensional Fund Advsrs LP has invested 0.03% in Watts Water Technologies, Inc. (NYSE:WTS). Gsa Prtn Llp holds 0.06% or 13,404 shares. Tortoise Capital Advsrs Ltd Llc holds 37 shares. Metropolitan Life Ny reported 18,980 shares. Capstone Invest Advisors Ltd Co has 6,289 shares for 0.02% of their portfolio. Manufacturers Life Co The invested in 20,957 shares or 0% of the stock. Credit Suisse Ag accumulated 0% or 34,788 shares. Suntrust Banks Incorporated owns 3,367 shares. Strs Ohio invested 0% in Watts Water Technologies, Inc. (NYSE:WTS). California Employees Retirement System holds 77,160 shares or 0.01% of its portfolio. Bluecrest Mngmt Ltd invested in 0.01% or 5,086 shares. Pillar Pacific Capital Limited Liability Com reported 0.03% of its portfolio in Watts Water Technologies, Inc. (NYSE:WTS). Impax Asset Limited holds 2.73 million shares or 5.78% of its portfolio. Sei reported 7,335 shares.

Bank Of America Corp, which manages about $629.64B US Long portfolio, decreased its stake in Sirius Xm Hldgs Inc (NASDAQ:SIRI) by 364,733 shares to 6.19M shares, valued at $34.19M in 2017Q3, according to the filing. It also reduced its holding in Ebix Inc (NASDAQ:EBIX) by 10,679 shares in the quarter, leaving it with 6,879 shares, and cut its stake in Caterpillar Inc Del (Put) (NYSE:CAT).

Among 12 analysts covering Watts Water Technologies (NYSE:WTS), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Watts Water Technologies had 31 analyst reports since August 17, 2015 according to SRatingsIntel. Zacks upgraded the stock to “Buy” rating in Monday, September 21 report. On Thursday, August 3 the stock rating was maintained by Oppenheimer with “Hold”. Stifel Nicolaus initiated the shares of WTS in report on Monday, September 18 with “Buy” rating. On Thursday, November 2 the stock rating was maintained by Boenning & Scattergood with “Buy”. The stock of Watts Water Technologies, Inc. (NYSE:WTS) has “Neutral” rating given on Friday, July 8 by Northcoast. The rating was upgraded by Northcoast on Monday, September 18 to “Buy”. BB&T Capital upgraded the shares of WTS in report on Friday, May 6 to “Buy” rating. Robert W. Baird maintained the shares of WTS in report on Tuesday, February 13 with “Hold” rating. As per Thursday, September 28, the company rating was maintained by Cowen & Co. Robert W. Baird maintained the stock with “Hold” rating in Wednesday, December 13 report.

Since August 25, 2017, it had 0 buys, and 2 sales for $1.37 million activity. Melhem Elie sold 3,306 shares worth $205,323.

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 Needham with “Buy” on Friday, October 27. Cowen & Co upgraded it to “Outperform” rating and $115 target in Friday, April 7 report. Robert W. Baird maintained LogMeIn, Inc. (NASDAQ:LOGM) rating on Friday, October 27. Robert W. Baird has “Buy” rating and $142.0 target. The stock of LogMeIn, Inc. (NASDAQ:LOGM) has “Outperform” rating given on Friday, February 3 by RBC Capital Markets. As per Monday, October 23, the company rating was maintained by Piper Jaffray. The firm earned “Outperform” rating on Friday, February 12 by RBC Capital Markets. The firm has “Buy” rating by RBC Capital Markets given on Sunday, September 3. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, January 25. As per Friday, October 14, the company rating was maintained by Needham. The rating was maintained by Barclays Capital on Friday, October 27 with “Overweight”.

Columbia Wanger Asset Management Llc, which manages about $39.78 billion and $6.76 billion US Long portfolio, upped its stake in Camping World Holdings Inc by 595,371 shares to 1.18 million shares, valued at $48.17M in 2017Q3, according to the filing. It also increased its holding in Masimo Corp (NASDAQ:MASI) by 300,000 shares in the quarter, for a total of 1.02M shares, and has risen its stake in Extended Stay America Inc (NYSE:STAY).

Investors sentiment increased to 1.33 in Q3 2017. Its up 0.31, from 1.02 in 2017Q2. It improved, 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. Natixis invested 0% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). First Mercantile Co reported 1,057 shares. Moreover, Los Angeles And Equity Rech Inc has 0.04% invested in LogMeIn, Inc. (NASDAQ:LOGM) for 62,785 shares. 3,436 were accumulated by Nj State Employees Deferred Compensation Plan. Moreover, Louisiana State Employees Retirement Sys has 0.07% invested in LogMeIn, Inc. (NASDAQ:LOGM). Tortoise Investment Mgmt Ltd Llc has 0.01% invested in LogMeIn, Inc. (NASDAQ:LOGM). Eagle Asset Management Inc reported 371,639 shares stake. Prelude Cap Llc reported 5,085 shares stake. Employees Retirement Of Ohio reported 0.06% stake. First Manhattan owns 2 shares or 0% of their US portfolio. State Of New Jersey Common Pension Fund D has invested 0.01% of its portfolio in LogMeIn, Inc. (NASDAQ:LOGM). Next Fin Group Inc reported 37 shares. Moreover, Rk Capital Management Lc has 2.65% invested in LogMeIn, Inc. (NASDAQ:LOGM). Aperio Grp Inc Limited Company holds 0.02% or 36,343 shares. Cornerstone Advisors Incorporated stated it has 0.01% in LogMeIn, Inc. (NASDAQ:LOGM).

Since September 11, 2017, it had 0 insider purchases, and 2 sales for $2.58 million activity. Benson Steven J. had sold 3,016 shares worth $336,591.

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 $47.90 million for 36.41 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.

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