Teacher Retirement System of Texas Invests $816,000 in Jamf Holding Corp. (NASDAQ:JAMF)

Teacher Retirement System of Texas purchased a new stake in Jamf Holding Corp. (NASDAQ:JAMF) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 58,047 shares of the company’s stock, valued at approximately $816,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in JAMF. Quarry LP boosted its position in Jamf by 130.9% in the third quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after buying an additional 1,405 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Jamf by 238.0% during the 4th quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock valued at $50,000 after acquiring an additional 2,523 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Jamf by 24.5% during the 4th quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock valued at $57,000 after acquiring an additional 795 shares in the last quarter. Versor Investments LP bought a new stake in Jamf during the 4th quarter worth $142,000. Finally, Asset Management One Co. Ltd. acquired a new position in Jamf in the 4th quarter worth about $231,000. 93.81% of the stock is owned by institutional investors.

Insider Activity

In other Jamf news, CAO Anthony Grabenau sold 3,706 shares of Jamf stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $14.13, for a total value of $52,365.78. Following the completion of the sale, the chief accounting officer now directly owns 33,479 shares in the company, valued at approximately $473,058.27. The trade was a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John Strosahl sold 56,170 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $13.59, for a total value of $763,350.30. Following the transaction, the chief executive officer now owns 1,540,226 shares in the company, valued at $20,931,671.34. The trade was a 3.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 252,618 shares of company stock valued at $3,408,105 in the last ninety days. 2.30% of the stock is owned by company insiders.

Jamf Price Performance

JAMF stock opened at $12.42 on Friday. 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 firm has a market cap of $1.61 billion, a price-to-earnings ratio of -22.58, a PEG ratio of 1.02 and a beta of 0.39. The company’s fifty day simple moving average is $14.45 and its 200 day simple moving average is $15.34. Jamf Holding Corp. has a 12-month low of $12.35 and a 12-month high of $21.41.

Analysts Set New Price Targets

JAMF has been the topic of several research reports. Canaccord Genuity Group restated a “buy” rating and set a $21.00 price target on shares of Jamf in a report on Wednesday, February 26th. Royal Bank of Canada cut their target price on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Morgan Stanley started coverage on shares of Jamf in a research report on Tuesday, March 18th. They issued an “equal weight” rating and a $16.00 price target for the company. Barclays cut their price target on shares of Jamf from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. assumed coverage on Jamf in a report on Thursday, February 6th. They issued an “overweight” rating and a $20.00 price objective for the company. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Jamf has an average rating of “Moderate Buy” and a consensus price target of $21.30.

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.