Jamf Holding Corp. (NASDAQ:JAMF) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 28.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,394,227 shares of the company's stock after acquiring an additional 306,558 shares during the quarter. Principal Financial Group Inc. owned about 1.09% of Jamf worth $24,190,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in JAMF. Versant Capital Management Inc raised its holdings in Jamf by 17,830.8% during the second quarter. Versant Capital Management Inc now owns 2,331 shares of the company's stock worth $38,000 after purchasing an additional 2,318 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of Jamf during the 2nd quarter worth $45,000. EntryPoint Capital LLC boosted its position in shares of Jamf by 40.0% in the 1st quarter. EntryPoint Capital LLC now owns 3,319 shares of the company's stock worth $61,000 after buying an additional 949 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Jamf by 33.4% in the 1st quarter. Advisors Asset Management Inc. now owns 4,164 shares of the company's stock valued at $76,000 after acquiring an additional 1,043 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Jamf during the 2nd quarter valued at about $81,000. 93.81% of the stock is currently owned by hedge funds and other institutional investors.

Jamf Stock Down 0.5 %

Shares of Jamf stock traded down $0.08 on Thursday, hitting $15.20. 400,941 shares of the company's stock traded hands, compared to its average volume of 496,475. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The firm's 50-day moving average is $17.05 and its 200 day moving average is $17.29. The stock has a market cap of $1.94 billion, a P/E ratio of -27.49, a PEG ratio of 8.24 and a beta of 0.41. Jamf Holding Corp. has a 52-week low of $14.68 and a 52-week high of $21.41.

Insider Buying and Selling at Jamf

In related news, insider Linh Lam sold 7,702 shares of Jamf 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 completion of the transaction, the insider now directly owns 187,438 shares in the company, valued at approximately $3,103,973.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 price target on shares of Jamf in a research report on Friday, October 4th. Morgan Stanley began coverage on Jamf in a report on Monday, October 14th. They set an "equal weight" rating and a $20.00 price objective on the stock. Canaccord Genuity Group dropped their price target on shares of Jamf from $24.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. JMP Securities reaffirmed a "market outperform" rating and issued a $30.00 price objective on shares of Jamf in a research note on Tuesday, October 1st. Finally, The Goldman Sachs Group began coverage on Jamf in a report on Tuesday, September 3rd. They issued a "neutral" rating and a $21.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $22.75.

Jamf 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.