Advisors Asset Management Inc. Sells 917 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Advisors Asset Management Inc. lessened its stake in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 23.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,001 shares of the company’s stock after selling 917 shares during the quarter. Advisors Asset Management Inc.’s holdings in Jamf were worth $52,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings 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 worth $135,923,000 after purchasing an additional 129,489 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Jamf by 9.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,106 shares of the company’s stock valued at $571,000 after buying an additional 2,578 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Jamf during the first quarter valued at about $1,203,000. Versant Capital Management Inc increased its position in shares of Jamf by 17,830.8% during the second quarter. Versant Capital Management Inc now owns 2,331 shares of the company’s stock worth $38,000 after acquiring an additional 2,318 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Jamf in the 2nd quarter worth about $811,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity at Jamf

In other Jamf news, insider Linh Lam sold 7,702 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $16.56, for a total transaction of $127,545.12. Following the sale, the insider now owns 187,438 shares in the company, valued at $3,103,973.28. This represents a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.30% of the stock is currently owned by company insiders.

Jamf Stock Performance

Shares of JAMF opened at $14.60 on Friday. 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 firm has a market cap of $1.86 billion, a PE ratio of -26.54, a PEG ratio of 6.28 and a beta of 0.41. Jamf Holding Corp. has a 1 year low of $14.02 and a 1 year high of $21.41. The stock’s fifty day moving average price is $16.31 and its two-hundred day moving average price is $16.86.

Jamf 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.