Jamf Holding Corp. (NASDAQ:JAMF) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund grew its position in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 806.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 204,907 shares of the company's stock after acquiring an additional 182,311 shares during the quarter. New York State Common Retirement Fund owned about 0.16% of Jamf worth $2,490,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP lifted its holdings in shares of Jamf by 8.4% in the 4th quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock valued at $152,375,000 after buying an additional 841,239 shares during the period. Vanguard Group Inc. grew its holdings in shares of Jamf by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 8,756,608 shares of the company's stock worth $123,030,000 after acquiring an additional 114,036 shares during the period. Clearbridge Investments LLC grew its holdings in shares of Jamf by 20.2% in the 4th quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company's stock worth $34,211,000 after acquiring an additional 409,531 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Jamf by 8.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company's stock worth $29,242,000 after acquiring an additional 167,909 shares during the period. Finally, Toronado Partners LLC raised its position in shares of Jamf by 5.1% during the 4th quarter. Toronado Partners LLC now owns 941,083 shares of the company's stock worth $13,222,000 after purchasing an additional 45,921 shares during the last quarter. 93.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on JAMF shares. JPMorgan Chase & Co. lowered their target price on Jamf from $15.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Mizuho lowered their target price on Jamf from $15.00 to $13.00 and set an "outperform" rating on the stock in a report on Wednesday, July 16th. Needham & Company LLC cut their price target on Jamf from $25.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Barclays set a $10.00 price objective on Jamf and gave the stock an "equal weight" rating in a report on Monday. Finally, JMP Securities restated a "market outperform" rating and set a $27.00 price objective on shares of Jamf in a report on Wednesday, May 28th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $17.45.

Insider Activity at Jamf

In related news, Director Dean Hager sold 27,720 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $10.34, for a total value of $286,624.80. Following the sale, the director owned 270,347 shares of the company's stock, valued at $2,795,387.98. The trade was a 9.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Beth Tschida sold 11,878 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $10.34, for a total value of $122,818.52. Following the completion of the sale, the insider directly owned 475,932 shares in the company, valued at approximately $4,921,136.88. This represents a 2.43% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,957 shares of company stock worth $755,361. 2.70% of the stock is owned by insiders.

Jamf Stock Up 1.7%

Shares of JAMF stock opened at $8.28 on Wednesday. Jamf Holding Corp. has a 1 year low of $7.95 and a 1 year high of $18.99. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $1.09 billion, a PE ratio of -21.79, a price-to-earnings-growth ratio of 1.44 and a beta of 0.37. The business's fifty day moving average is $9.83 and its 200-day moving average is $12.10.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.13). Jamf had a positive return on equity of 2.20% and a negative net margin of 7.37%. The firm had revenue of $167.62 million for the quarter, compared to analysts' expectations of $166.22 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The company's revenue for the quarter was up 10.2% on a year-over-year basis. Equities analysts expect that Jamf Holding Corp. will post 0.05 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.