August 25, 2023 – Principal Financial Group Inc. revealed in its most recent filing with the Securities & Exchange Commission that it has increased its stake in Jamf Holding Corp. by 1.4% during the first quarter. The institutional investor now owns 1,013,076 shares of the company’s stock, representing approximately 0.82% of Jamf’s total worth, which amounts to $19,674,000.
Jamf Holding Corp. operates as a cloud software platform for Apple infrastructure and security solutions across the Americas, Europe, and the Middle East. Among its products are Jamf Pro, a comprehensive software solution for managing Apple ecosystems in IT environments; Jamf Now, a pay-as-you-go device management software designed for small-to-medium-sized businesses; and Jamf Data Policy, an offering that enforces acceptable usage policies to safeguard against risky sites and content. Additionally, Jamf School provides mobile device management specifically tailored for educational institutions, while its product Jamf Connect replaces outdated conditional access and VPN technology with Zero Trust Network Access (ZTNA) capabilities.
The market sentiment towards JAMF has been positive as several research analyst reports have highlighted this NASDAQ-listed company’s potential. Barclays reduced their price target from $25.00 to $22.00 but maintained an “overweight” rating for the firm on August 9th. Similarly optimistic was Needham & Company LLC who reconfirmed their “buy” rating and set a target price of $35.00 on August 9th as well. Mizuho revised their price target down from $24.00 to $23.00 on August 9th while Royal Bank of Canada dropped theirs from $25.00 to $24.00 but maintained an “outperform” rating on the stock.
Overall, Bloomberg data indicates that five research analysts have given JAMF a buy rating with an average target price of $25.83, further bolstering its appeal in the market.
As of this recent filing and analysis, Principal Financial Group Inc. has demonstrated increased confidence in Jamf Holding Corp., positioning itself as a key institutional investor. The market outlook for JAMF remains positive with research analysts projecting a promising future for the company within the Apple infrastructure and security software space.
Significant Changes in Investor Landscape for Jamf Holding Corp.
Jamf Holding Corp., a prominent provider of cloud software solutions for Apple infrastructure and security platforms, has seen significant changes in its investor landscape recently. Tower Research Capital LLC TRC, for instance, has experienced a staggering 320.5% growth in its position in Jamf during the first quarter of this year. The company now owns 4,579 shares valued at $89,000 after purchasing an additional 3,490 shares.
US Bancorp DE also saw a substantial increase in its stake in Jamf by 27.6% during the same period. The organization now holds 4,069 shares worth $79,000 after acquiring an extra 880 shares last quarter. Y Intercept Hong Kong Ltd joined the wave as well, witnessing a remarkable growth in its holdings by 63.5%. The firm currently possesses 21,028 shares valued at $408,000 after purchasing an additional 8,164 shares.
Moreover, New York Life Investment Management LLC entered the picture with a new position acquired during the first quarter worth approximately $487,000. Finally, Herald Investment Management Ltd displayed their confidence in Jamf by investing around $2,428,000.
These strategic moves made by institutional investors and hedge funds resulted in them owning an impressive majority stake of 94.23% in the firm’s stock.
In other news related to Jamf Holding Corp., insider Michelle Bucaria executed a substantial sale transaction involving 8,396 shares on Friday, June 16th. These shares were sold at an average price of $19.29 each for a total value of $161
Source: beststocks.com
