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

Teacher Retirement System of Texas acquired a new stake in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 58,047 shares of the company's stock, valued at approximately $816,000.

Several other large investors have also bought and sold shares of the company. Versant Capital Management Inc lifted its holdings in Jamf by 24.5% in 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 during the last quarter. Quarry LP lifted its stake in Jamf by 130.9% during 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 last quarter. Blue Trust Inc. boosted its holdings in Jamf by 238.0% during the fourth quarter. Blue Trust Inc. now owns 3,583 shares of the company's stock worth $50,000 after buying an additional 2,523 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Jamf by 7.6% in the third quarter. The Manufacturers Life Insurance Company now owns 44,671 shares of the company's stock worth $775,000 after buying an additional 3,154 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of Jamf by 9.6% in the third quarter. MetLife Investment Management LLC now owns 46,434 shares of the company's stock valued at $806,000 after buying an additional 4,057 shares in the last quarter. Institutional investors own 93.81% of the company's stock.

Insider Transactions at Jamf

In other Jamf news, CAO Anthony Grabenau sold 9,701 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total value of $131,933.60. Following the transaction, the chief accounting officer now owns 57,946 shares in the company, valued at $788,065.60. The trade was a 14.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Beth Tschida sold 88,797 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $13.37, for a total value of $1,187,215.89. Following the sale, the insider now directly owns 487,810 shares of the company's stock, valued at $6,522,019.70. This trade represents a 15.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 252,618 shares of company stock valued at $3,408,105. 2.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Piper Sandler decreased their target price on Jamf from $25.00 to $23.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Needham & Company LLC reissued a "buy" rating and issued a $25.00 price target on shares of Jamf in a research note on Tuesday, March 4th. Barclays reduced their price objective on shares of Jamf from $17.00 to $16.00 and set an "equal weight" rating for the company in a research note on Friday, February 28th. Morgan Stanley initiated coverage on shares of Jamf in a research report on Tuesday, March 18th. They issued an "equal weight" rating and a $16.00 target price on the stock. Finally, Royal Bank of Canada cut their price target on shares of Jamf from $23.00 to $19.00 and set an "outperform" rating on the stock in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $21.30.

Jamf Stock Up 2.2 %

JAMF stock traded up $0.27 during midday trading on Wednesday, reaching $12.65. The company had a trading volume of 576,669 shares, compared to its average volume of 577,306. The company has a 50 day moving average of $14.32 and a two-hundred day moving average of $15.23. The company has a market capitalization of $1.64 billion, a P/E ratio of -23.00, a PEG ratio of 1.02 and a beta of 0.39. Jamf Holding Corp. has a 1 year low of $11.99 and a 1 year high of $21.41. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51.

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.