Intech Investment Management LLC Buys Shares of 16,101 Jamf Holding Corp. (NASDAQ:JAMF)

Intech Investment Management LLC bought a new stake in shares of Jamf Holding Corp. (NASDAQ:JAMF) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,101 shares of the company’s stock, valued at approximately $279,000.

Other institutional investors have also added to or reduced their stakes in the company. 272 Capital LP boosted its stake in Jamf by 41.4% during the 2nd quarter. 272 Capital LP now owns 151,932 shares of the company’s stock valued at $2,507,000 after purchasing an additional 44,486 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Jamf by 28.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock worth $24,190,000 after buying an additional 306,558 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Jamf by 2,977.5% in the 2nd 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. Squarepoint Ops LLC purchased a new position in shares of Jamf in the 2nd quarter worth $1,101,000. Finally, Deerfield Management Company L.P. Series C purchased a new position in shares of Jamf in the 2nd quarter worth $565,000. 93.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. 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 research note on Thursday, August 8th. Morgan Stanley assumed coverage on Jamf in a research note on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of Jamf in a research note on Friday, October 4th. JMP Securities restated a “market outperform” rating and issued a $30.00 price target on shares of Jamf in a research note on Tuesday, October 1st. Finally, The Goldman Sachs Group initiated coverage on Jamf in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.75.

Jamf Price Performance

NASDAQ JAMF opened at $16.05 on Thursday. The business’s fifty day moving average is $16.18 and its 200 day moving average is $16.81. Jamf Holding Corp. has a fifty-two week low of $14.02 and a fifty-two week high of $21.41. The company has a market capitalization of $2.05 billion, a PE ratio of -29.18, a price-to-earnings-growth ratio of 6.63 and a beta of 0.36. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95.

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.