Geode Capital Management LLC Acquires 134,314 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Geode Capital Management LLC raised its holdings in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,751,340 shares of the company’s stock after purchasing an additional 134,314 shares during the quarter. Geode Capital Management LLC owned 1.37% of Jamf worth $30,391,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Barclays PLC lifted its stake in shares of Jamf by 12.3% in the 3rd quarter. Barclays PLC now owns 201,473 shares of the company’s stock valued at $3,495,000 after purchasing an additional 22,032 shares during the last quarter. Wellington Management Group LLP lifted its position in Jamf by 6.0% in the third quarter. Wellington Management Group LLP now owns 10,003,973 shares of the company’s stock worth $173,569,000 after buying an additional 565,008 shares during the last quarter. Quantinno Capital Management LP boosted its stake in Jamf by 97.1% during the third quarter. Quantinno Capital Management LP now owns 292,626 shares of the company’s stock worth $5,077,000 after buying an additional 144,144 shares during the period. Quarry LP increased its position in Jamf by 130.9% during the third quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after acquiring an additional 1,405 shares during the last quarter. Finally, Atom Investors LP raised its stake in shares of Jamf by 213.4% in the third quarter. Atom Investors LP now owns 132,036 shares of the company’s stock valued at $2,291,000 after acquiring an additional 89,901 shares during the period. 93.81% of the stock is owned by hedge funds and other institutional investors.

Jamf Trading Up 0.1 %

Shares of NASDAQ JAMF opened at $14.66 on Friday. Jamf Holding Corp. has a twelve month low of $14.02 and a twelve month high of $21.41. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $15.54 and a two-hundred day simple moving average of $16.67. The firm has a market cap of $1.87 billion, a PE ratio of -26.65, a price-to-earnings-growth ratio of 6.47 and a beta of 0.37.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on JAMF shares. JMP Securities reaffirmed a “market outperform” rating and set a $30.00 price target on shares of Jamf in a research note on Tuesday, October 1st. 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 target price on the stock. Morgan Stanley initiated coverage on Jamf in a report on Monday, October 14th. They set an “equal weight” rating and a $20.00 price objective for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of Jamf in a research note on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Insider Activity at Jamf

In related news, insider Linh Lam sold 7,702 shares of Jamf stock in a transaction that occurred 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. This trade represents a 3.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.30% of the stock is currently owned by corporate insiders.

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.