Principal Financial Group Inc. Increases Stake in Jamf Holding Corp. (NASDAQ:JAMF)

Principal Financial Group Inc. raised its holdings in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 28.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,394,227 shares of the company’s stock after purchasing an additional 306,558 shares during the quarter. Principal Financial Group Inc.’s holdings in Jamf were worth $24,190,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JAMF. Quarry LP raised its position in shares of 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 purchasing an additional 1,405 shares during the period. Venturi Wealth Management LLC increased its position in Jamf by 57.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock valued at $63,000 after buying an additional 1,327 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Jamf by 45.9% during the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $76,000 after acquiring an additional 1,387 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Jamf during the 2nd quarter valued at about $81,000. Finally, Sandia Investment Management LP purchased a new position in Jamf in the second quarter worth about $82,000. Institutional investors own 93.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on JAMF shares. The Goldman Sachs Group started coverage on shares of Jamf in a report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price target on the stock. Morgan Stanley assumed coverage on Jamf in a report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 target price for the company. JMP Securities reaffirmed a “market outperform” rating and set a $30.00 price target on shares of Jamf in a report on Tuesday, October 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of Jamf in a report on Friday, October 4th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.75.

Insider Activity at Jamf

In other Jamf news, insider Linh Lam sold 7,702 shares of the firm’s 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 sale, the insider now owns 187,438 shares in the company, valued at approximately $3,103,973.28. This trade represents a 3.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by company insiders.

Jamf Stock Performance

Shares of NASDAQ JAMF opened at $14.64 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -26.62, a price-to-earnings-growth ratio of 6.47 and a beta of 0.37. Jamf Holding Corp. has a 12-month low of $14.02 and a 12-month high of $21.41. The firm has a 50 day moving average of $15.57 and a 200 day moving average of $16.68.

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.