Jamf Holding Corp. (NASDAQ:JAMF) Stock Position Raised by First Trust Advisors LP

First Trust Advisors LP raised its stake in Jamf Holding Corp. (NASDAQ:JAMF - Free Report) by 173.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,762 shares of the company's stock after acquiring an additional 44,241 shares during the quarter. First Trust Advisors LP owned approximately 0.05% of Jamf worth $980,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP grew its position in Jamf by 8.4% during the fourth quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock valued at $152,375,000 after acquiring an additional 841,239 shares during the period. Clearbridge Investments LLC grew its position in Jamf by 20.2% during the fourth quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company's stock valued at $34,211,000 after acquiring an additional 409,531 shares during the period. Principal Financial Group Inc. grew its position in Jamf by 28.2% during the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company's stock valued at $24,190,000 after acquiring an additional 306,558 shares during the period. Marshall Wace LLP grew its position in Jamf by 61.9% during the fourth quarter. Marshall Wace LLP now owns 778,629 shares of the company's stock valued at $10,940,000 after acquiring an additional 297,804 shares during the period. Finally, Renaissance Group LLC grew its position in Jamf by 62.8% during the fourth quarter. Renaissance Group LLC now owns 305,869 shares of the company's stock valued at $4,297,000 after acquiring an additional 117,994 shares during the period. Hedge funds and other institutional investors own 93.81% of the company's stock.

Jamf Stock Up 0.2%

NASDAQ JAMF traded up $0.02 on Tuesday, hitting $11.79. 84,791 shares of the stock traded hands, compared to its average volume of 620,252. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average of $11.93 and a 200 day moving average of $13.97. The company has a market capitalization of $1.55 billion, a P/E ratio of -21.44, a price-to-earnings-growth ratio of 1.02 and a beta of 0.44. Jamf Holding Corp. has a twelve month low of $9.95 and a twelve month high of $20.49.

Jamf (NASDAQ:JAMF - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.13). The firm had revenue of $167.62 million during the quarter, compared to analyst estimates of $166.22 million. During the same quarter last year, the firm earned $0.14 EPS. The company's revenue for the quarter was up 10.2% on a year-over-year basis. As a group, analysts expect that Jamf Holding Corp. will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on JAMF. Mizuho set a $15.00 price target on Jamf in a research report on Wednesday, April 16th. Morgan Stanley decreased their target price on Jamf from $16.00 to $14.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Barclays boosted their price target on Jamf from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Canaccord Genuity Group reiterated a "buy" rating and issued a $21.00 price target on shares of Jamf in a research note on Wednesday, February 26th. Finally, William Blair reiterated an "outperform" rating on shares of Jamf in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $19.80.

Insider Activity at Jamf

In other Jamf news, insider Beth Tschida sold 88,797 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the completion of the transaction, the insider now directly owns 487,810 shares of the company's stock, valued at approximately $6,522,019.70. This trade represents a 15.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John Strosahl sold 56,170 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $13.59, for a total value of $763,350.30. Following the transaction, the chief executive officer now directly owns 1,540,226 shares of the company's stock, valued at approximately $20,931,671.34. The trade was a 3.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 248,912 shares of company stock worth $3,355,739 in the last three months. 2.30% of the stock is owned by company insiders.

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.