Clearbridge Investments LLC Has $34.21 Million Stock Position in Jamf Holding Corp. (NASDAQ:JAMF)

Clearbridge Investments LLC boosted its holdings in shares of Jamf Holding Corp. (NASDAQ:JAMF) by 20.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,434,960 shares of the company’s stock after buying an additional 409,531 shares during the quarter. Clearbridge Investments LLC’s holdings in Jamf were worth $34,211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of JAMF. Blair William & Co. IL lifted its stake in shares of Jamf by 33.3% during the 4th quarter. Blair William & Co. IL now owns 227,151 shares of the company’s stock worth $3,191,000 after buying an additional 56,699 shares during the last quarter. Prudential Financial Inc. lifted its position in Jamf by 50.8% during the fourth quarter. Prudential Financial Inc. now owns 179,715 shares of the company’s stock worth $2,667,000 after acquiring an additional 60,575 shares during the last quarter. Vanguard Group Inc. lifted its position in Jamf by 1.3% during the fourth 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 last quarter. LPL Financial LLC bought a new stake in shares of Jamf during the fourth quarter worth approximately $235,000. Finally, Fox Run Management L.L.C. increased its stake in shares of Jamf by 530.2% during the fourth quarter. Fox Run Management L.L.C. now owns 73,049 shares of the company’s stock worth $1,026,000 after purchasing an additional 61,457 shares during the period. Institutional investors own 93.81% of the company’s stock.

Analyst Upgrades and Downgrades

JAMF has been the topic of several recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of Jamf in a research report on Tuesday, March 4th. Morgan Stanley initiated coverage on shares of Jamf in a research note on Tuesday, March 18th. They issued an “equal weight” rating and a $16.00 price objective for the company. William Blair reaffirmed an “outperform” rating on shares of Jamf in a report on Friday, February 28th. Canaccord Genuity Group reiterated a “buy” rating and issued a $21.00 price target on shares of Jamf in a research report on Wednesday, February 26th. Finally, Barclays lowered their price objective on Jamf from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.30.

Jamf Stock Performance

Jamf stock opened at $12.38 on Wednesday. The stock has a market cap of $1.60 billion, a PE ratio of -22.51, a P/E/G ratio of 1.02 and a beta of 0.39. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. Jamf Holding Corp. has a 12-month low of $11.99 and a 12-month high of $21.41. The business’s 50-day moving average price is $14.36 and its two-hundred day moving average price is $15.25.

Insider Buying and Selling

In other Jamf news, insider Beth Tschida sold 88,797 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the sale, the insider now owns 487,810 shares of the company’s stock, valued at approximately $6,522,019.70. The trade was a 15.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Anthony Grabenau sold 9,701 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $13.60, for a total value of $131,933.60. Following the completion of the transaction, the chief accounting officer now owns 57,946 shares of the company’s stock, valued at $788,065.60. The trade was a 14.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 252,618 shares of company stock worth $3,408,105 in the last three months. 2.30% of the stock is owned by corporate insiders.

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.