Franklin Resources Inc. Buys 38,429 Shares of Jamf Holding Corp. (NASDAQ:JAMF)

Franklin Resources Inc. grew its position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 8.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 516,635 shares of the company's stock after buying an additional 38,429 shares during the period. Franklin Resources Inc. owned 0.40% of Jamf worth $8,664,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in JAMF. Wellington Management Group LLP increased 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 purchasing an additional 565,008 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Jamf by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,831,566 shares of the company's stock valued at $30,216,000 after purchasing an additional 15,946 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Jamf by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company's stock worth $30,391,000 after buying an additional 134,314 shares during the period. EVR Research LP raised its stake in shares of Jamf by 282.9% during the second quarter. EVR Research LP now owns 1,570,000 shares of the company's stock worth $25,905,000 after buying an additional 1,160,000 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Jamf by 28.2% in the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company's stock valued at $24,190,000 after buying an additional 306,558 shares during the period. Institutional investors own 93.81% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Jamf

In other Jamf news, insider Linh Lam sold 7,702 shares of the company's stock in a transaction 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 directly owns 187,438 shares of the company's stock, valued at approximately $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 through this hyperlink. Corporate insiders own 2.30% of the company's stock.

Jamf Stock Down 0.3 %

Shares of NASDAQ JAMF traded down $0.04 during mid-day trading on Friday, hitting $14.70. The company had a trading volume of 1,043,754 shares, compared to its average volume of 515,684. Jamf Holding Corp. has a one year low of $14.02 and a one year high of $21.41. The company has a market capitalization of $1.88 billion, a PE ratio of -26.73, a price-to-earnings-growth ratio of 6.47 and a beta of 0.36. 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 50-day simple moving average of $15.70 and a two-hundred day simple moving average of $16.70.

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.