Principal Financial Group Inc. Buys 306,558 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Principal Financial Group Inc. lifted its stake in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 28.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,394,227 shares of the company’s stock after acquiring an additional 306,558 shares during the quarter. Principal Financial Group Inc. owned approximately 1.09% of Jamf worth $24,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. EVR Research LP raised its holdings in Jamf by 282.9% during the 2nd quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock worth $25,905,000 after purchasing an additional 1,160,000 shares during the last quarter. Marshall Wace LLP raised its stake in Jamf by 2,977.5% during the second quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock worth $16,760,000 after buying an additional 982,764 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Jamf by 6.0% in the third quarter. Wellington Management Group LLP now owns 10,003,973 shares of the company’s stock valued at $173,569,000 after buying an additional 565,008 shares during the period. Crestwood Capital Management L.P. bought a new stake in Jamf during the third quarter valued at $3,470,000. Finally, Quantinno Capital Management LP grew its holdings in Jamf by 97.1% during the 3rd quarter. Quantinno Capital Management LP now owns 292,626 shares of the company’s stock worth $5,077,000 after acquiring an additional 144,144 shares during the period. 93.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Jamf

In other Jamf news, insider Linh Lam sold 7,702 shares of Jamf stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $16.56, for a total transaction of $127,545.12. Following the transaction, the insider now directly owns 187,438 shares of the company’s stock, valued at $3,103,973.28. The trade was a 3.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

JAMF has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of Jamf in a research note on Friday, October 4th. JMP Securities restated a “market outperform” rating and set a $30.00 price target on shares of Jamf in a report on Tuesday, October 1st. Morgan Stanley assumed coverage on shares of Jamf in a research note on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price objective for the company. Finally, The Goldman Sachs Group assumed coverage on Jamf in a research note on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $22.75.

Jamf Trading Down 0.1 %

JAMF opened at $14.64 on Thursday. Jamf Holding Corp. has a fifty-two week low of $14.02 and a fifty-two week high of $21.41. The firm has a market capitalization of $1.87 billion, a PE ratio of -26.62, a P/E/G ratio of 6.47 and a beta of 0.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The company’s 50-day moving average is $15.57 and its 200 day moving average is $16.68.

Jamf Company Profile

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.