August 22, 2023 – Connor Clark & Lunn Investment Management Ltd. recently disclosed an increase in its position in Jamf Holding Corp. (NASDAQ:JAMF). According to the company’s Form 13F filing with the Securities & Exchange Commission, the investment management firm raised its stake by 123.9% during the first quarter.
As per the filing, Connor Clark & Lunn Investment Management Ltd. now holds a total of 100,499 shares of Jamf Holding Corp., following the acquisition of an additional 55,614 shares in the aforementioned period. Based on the market value at that time, this represents a total worth of $1,952,000. This particular holding accounted for approximately 0.08% of Jamf’s outstanding shares.
Jamf Holding Corp., operating primarily in the Americas, Europe, and the Middle East, offers a cloud software platform specializing in Apple infrastructure and security solutions. The company’s product portfolio includes various solutions tailored to meet specific needs within these regions.
One notable product offered by Jamf is Jamf Pro—an advanced software solution designed to manage IT environments within Apple ecosystems efficiently. Additionally, they offer Jamf Now, a pay-as-you-go device management software solution ideal for small-to-medium-sized businesses utilizing Apple devices.
Furthermore, Jamf provides Jamf Data Policy—a comprehensive solution that enables organizations to enforce acceptable usage policies while safeguarding against potential risks associated with hazardous websites and content. For educational institutions using Apple devices, there is Jamf School—an effective mobile device management system specifically built for schools.
In line with technological advancements and changing connectivity needs in today’s world, Jamf also presents Jamf Connect—a Zero Trust Network Access (ZTNA) solution capable of replacing outdated conditional access systems and VPN technologies.
Connor Clark & Lunn Investment Management Ltd.’s decision to increase its position in Jamf Holding Corp. showcases their confidence in the company’s potential for future growth. The investment management firm recognizes the value and importance of Jamf’s innovative offerings within the Apple ecosystem and security sector.
As of its last filing with the Securities & Exchange Commission, Connor Clark & Lunn Investment Management Ltd.’s increased stake in Jamf reflects their belief in the company’s strategies and objectives. This development will undoubtedly be monitored by industry experts and stakeholders alike, as they evaluate the potential impact on both Jamf Holding Corp. and Connor Clark & Lunn Investment Management Ltd.’s investment portfolio.
For further insights into Jamf Holding Corp.’s operations, performance, and market position, interested parties are encouraged to read our latest report on the company. This report provides comprehensive analysis and valuable information relevant to investors and industry observers seeking a deeper understanding of Jamf’s activities in the evolving technology landscape.
Jamf Holding Corp.: Growing Interest from Institutional Investors and Positive Analyst Ratings
August 22, 2023
Jamf Holding Corp.: An Overview of Institutional Investors and Analyst Ratings
In recent months, several institutional investors have shown interest in Jamf Holding Corp. by either increasing or reducing their stakes in the company. One notable investor, US Bancorp DE, increased its stake in Jamf by 27.6% during the first quarter. This move resulted in US Bancorp DE owning 4,069 shares of the company’s stock valued at $79,000 after acquiring an additional 880 shares in the last quarter. Similarly, Stonebridge Capital Advisors LLC boosted its holdings in Jamf by 67.7% during the fourth quarter, owning 4,025 shares of the company’s stock worth $86,000 after purchasing an additional 1,625 shares.
Furthermore, Tower Research Capital LLC TRC witnessed a significant increase of 320.5% in its holdings of Jamf during the first quarter. By acquiring an additional 3,490 shares during this period, Tower Research Capital now owns 4,579 shares valued at $89,000. Point72 Middle East FZE and ETF Managers Group LLC also joined the list of institutional investors with a stake in Jamf. Point72 Middle East FZE acquired new shares worth about $92,000 during the fourth quarter, while ETF Managers Group LLC bought new shares worth around $134,000 during the first quarter.
These investments from institutional investors highlight their confidence and belief in Jamf’s potential growth prospects.
Several analysts have also weighed in on Jamf Holding Corp.’s stock lately. Royal Bank of Canada lowered their target price from $25.00 to $24.00 but maintained an “outperform” rating for the company in their report released on August 9th. Additionally, Barclays dropped their target price from $25.00 to $22.00 but gave an “overweight” rating for Jamf. Needham & Company LLC reiterated a “buy” rating and established a target price of $35.00 for shares of Jamf in their report on the same day. Mizuho also lowered their price objective, reducing it from $24.00 to $23.00.
According to Bloomberg, five analysts have given the stock a buy rating, indicating positive sentiment towards Jamf Holding Corp.’s potential performance in the market. The consensus rating for the company is “Buy,” with an average price target of $25.83.
Jamf Holding Corp., operating in the Americas, Europe, and the Middle East, offers a cloud software platform specifically designed for Apple infrastructure and security solutions. Its product portfolio includes Jamf Pro, a comprehensive Apple ecosystem management software solution; Jamf Now, a flexible Apple device management software solution tailored for small-to-medium-sized businesses; Jamf Data Policy, which enforces acceptable usage policies for secure browsing; Jamf School, an Apple mobile device management platform created for educational institutions; and Jamf Connect, a zero-trust network access solution that replaces outdated access controls and VPN technology.
As of August 22nd, JAMF opened at $16.43 per share. The company has demonstrated financial stability with a debt-to-equity ratio of 0.52 and current and quick ratios both standing at 0.99. While its one-year low is $16.39, its one-year high is recorded at $26.03 per share. Currently trading below its two-hundred-day simple moving average ($19.36), JAMF’s fifty-day simple moving average stands at $19.59 per share.
In terms of recent noteworthy transactions within the company, chief financial officer Ian Goodkind sold 11,612 shares on June 1st at an average price of $17.60 per share worth approximately $204,371.20 in total. Following this sale, Goodkind now owns 167,871 shares of the company’s stock, valued at $2,954,529.60. Another insider, Jason Wudi, sold 30,738 shares on June 5th at an average price of $17.98 per share for a total transaction amounting to $552,669.24. After this sale, Wudi holds 357,599 shares in the company valued at approximately $6,429,630.02.
It is worth noting that over the last quarter alone insiders sold 142,582 shares of company stock with a value of $2,819,897. Ultimately, corporate insiders currently hold around 1.20% of Jamf Holding Corp.’s stock.
In conclusion, institutional investors have demonstrated increased interest in Jamf Holding Corp., increasing their stakes in the company during recent quarters. Analysts have also provided favorable ratings and outlooks for Jamf based on its product offerings and potential for growth in the market. As the company continues to develop and expand its cloud software platform catered to Apple infrastructure and security solutions, market participants will closely monitor its performance moving forward.
Note: This article is based on publicly available information as of August 22nd and does not constitute investment
Source: beststocks.com
