Teachers Retirement System of The State of Kentucky Increases Stock Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Teachers Retirement System of The State of Kentucky lifted its stake in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 67.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 127,716 shares of the company's stock after purchasing an additional 51,599 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.10% of Jamf worth $2,216,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Quarry LP increased its holdings in shares of Jamf by 130.9% during the 3rd quarter. Quarry LP now owns 2,478 shares of the company's stock worth $43,000 after buying an additional 1,405 shares during the last quarter. Fifth Third Bancorp purchased a new position in Jamf in the second quarter worth approximately $45,000. Venturi Wealth Management LLC increased its stake in Jamf by 57.1% during the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company's stock worth $63,000 after acquiring an additional 1,327 shares during the last quarter. Assetmark Inc. raised its position in Jamf by 45.9% in the third quarter. Assetmark Inc. now owns 4,406 shares of the company's stock valued at $76,000 after purchasing an additional 1,387 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Jamf in the 2nd quarter valued at $81,000. Institutional investors and hedge funds own 93.81% of the company's stock.

Wall Street Analysts Forecast Growth

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

Jamf Stock Up 1.6 %

Shares of NASDAQ JAMF traded up $0.23 during mid-day trading on Monday, hitting $15.04. The company had a trading volume of 1,110,417 shares, compared to its average volume of 511,719. The company has a market capitalization of $1.92 billion, a PE ratio of -26.93, a price-to-earnings-growth ratio of 6.47 and a beta of 0.36. The business's 50-day simple moving average is $15.91 and its 200 day simple moving average is $16.73. Jamf Holding Corp. has a 1-year low of $14.02 and a 1-year high of $21.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95.

Insider Activity

In other news, insider Linh Lam sold 7,702 shares of Jamf 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 completion of the sale, the insider now directly owns 187,438 shares of the company's stock, valued at approximately $3,103,973.28. The trade was a 3.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.30% of the company's stock.

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.