Jamf Holding Corp. (NASDAQ:JAMF) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its holdings in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 28.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,394,227 shares of the company’s stock after buying an additional 306,558 shares during the quarter. Principal Financial Group Inc.’s holdings in Jamf were worth $24,190,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in JAMF. ProShare Advisors LLC boosted its holdings in shares of Jamf by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 12,710 shares of the company’s stock valued at $233,000 after buying an additional 1,000 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Jamf by 73.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 34,663 shares of the company’s stock valued at $673,000 after purchasing an additional 14,712 shares during the last quarter. Blair William & Co. IL boosted its position in shares of Jamf by 4.5% in the 1st quarter. Blair William & Co. IL now owns 251,051 shares of the company’s stock valued at $4,607,000 after purchasing an additional 10,825 shares during the period. Vanguard Group Inc. boosted its position in shares of Jamf by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 7,407,221 shares of the company’s stock valued at $135,923,000 after purchasing an additional 129,489 shares during the period. Finally, EntryPoint Capital LLC grew its stake in Jamf by 40.0% during the 1st quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock worth $61,000 after buying an additional 949 shares during the last quarter. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Wall Street Analyst Weigh In

JAMF has been the subject of several research analyst reports. Morgan Stanley initiated coverage on Jamf in a report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of Jamf in a research note on Friday, October 4th. The Goldman Sachs Group began coverage on shares of Jamf in a research note on Tuesday, September 3rd. They issued a “neutral” rating and a $21.00 price objective on the stock. Canaccord Genuity Group reduced their target price on shares of Jamf from $24.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, JMP Securities reissued a “market outperform” rating and set a $30.00 price target on shares of Jamf in a report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Jamf has an average rating of “Moderate Buy” and an average price target of $22.75.

Insider Buying and Selling

In other Jamf news, insider Linh Lam sold 7,702 shares of Jamf stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $16.56, for a total value of $127,545.12. Following the sale, the insider now owns 187,438 shares of the company’s stock, valued at approximately $3,103,973.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Jamf Stock Down 0.9 %

JAMF stock opened at $15.28 on Thursday. The stock has a market capitalization of $1.95 billion, a PE ratio of -27.78, a price-to-earnings-growth ratio of 8.24 and a beta of 0.41. The company has a fifty day moving average of $17.10 and a 200-day moving average of $17.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.91 and a current ratio of 0.95. Jamf Holding Corp. has a one year low of $14.68 and a one year high of $21.41.

About Jamf

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform in the Americas, Europe, the Middle East, India, and Africa. Its products include Jamf Pro, an Apple ecosystem management software solution for IT environments; Jamf Now, a pay-as-you-go Apple device management software solution for small-to-medium-sized businesses; Jamf School, an apple mobile device management for schools; and Jamf Connect, a ZTNA solution that replaces legacy conditional access and VPN technology.