Franklin Resources Inc. Raises Stake in Jamf Holding Corp. (NASDAQ:JAMF)

Franklin Resources Inc. boosted its holdings in Jamf Holding Corp. (NASDAQ:JAMF) by 8.0% during the 3rd quarter, according to its most recent disclosure 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 approximately 0.40% of Jamf worth $8,664,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in shares of Jamf by 6.0% in the 3rd quarter. Wellington Management Group LLP now owns 10,003,973 shares of the company’s stock valued at $173,569,000 after acquiring an additional 565,008 shares during the period. Dimensional Fund Advisors LP increased its holdings in 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 in the last quarter. Geode Capital Management LLC raised its position in Jamf by 8.3% in the third quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock valued at $30,391,000 after purchasing an additional 134,314 shares during the period. EVR Research LP boosted its position in shares of Jamf by 282.9% in 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 period. Finally, Principal Financial Group Inc. grew its stake in shares of 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 in the last quarter. 93.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of Jamf in a research report on Friday, October 4th. JMP Securities reissued a “market outperform” rating and set a $30.00 target price on shares of Jamf in a research report on Tuesday, October 1st. Morgan Stanley initiated coverage on shares of Jamf in a report on Monday, October 14th. They set an “equal weight” rating and a $20.00 price target for the company. Finally, 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Jamf Trading Down 0.3 %

NASDAQ JAMF opened at $14.70 on Friday. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of -26.73, a price-to-earnings-growth ratio of 6.47 and a beta of 0.36. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. Jamf Holding Corp. has a 12 month low of $14.02 and a 12 month high of $21.41. The company’s fifty day moving average price is $15.70 and its two-hundred day moving average price is $16.70.

Insider Activity

In other news, insider Linh Lam sold 7,702 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now directly owns 187,438 shares in the company, valued at approximately $3,103,973.28. The trade was a 3.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.30% of the company’s stock.

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.