Trimble Inc. (NASDAQ:TRMB) Position Cut by Alpine Peaks Capital LP

Alpine Peaks Capital LP lessened its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 36.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 101,983 shares of the scientific and technical instruments company's stock after selling 58,833 shares during the quarter. Trimble makes up approximately 5.9% of Alpine Peaks Capital LP's portfolio, making the stock its 4th biggest position. Alpine Peaks Capital LP's holdings in Trimble were worth $7,206,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Trimble by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company's stock worth $2,099,064,000 after buying an additional 183,150 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Trimble by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company's stock valued at $425,427,000 after acquiring an additional 138,136 shares in the last quarter. Victory Capital Management Inc. increased its position in Trimble by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company's stock valued at $400,312,000 after purchasing an additional 222,679 shares during the period. Boston Partners increased its position in Trimble by 217.3% during the 4th quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company's stock valued at $239,802,000 after purchasing an additional 2,312,937 shares during the period. Finally, Norges Bank bought a new position in Trimble in the 4th quarter worth $190,391,000. Institutional investors own 93.21% of the company's stock.

Insider Buying and Selling at Trimble

In other news, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the transaction, the director now directly owns 10,162 shares of the company's stock, valued at approximately $729,529.98. This trade represents a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.47% of the company's stock.

Trimble Price Performance

Shares of TRMB traded up $0.36 during trading hours on Tuesday, reaching $61.81. 441,857 shares of the stock traded hands, compared to its average volume of 1,397,971. The company has a market cap of $15.19 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The company's 50-day moving average price is $65.04 and its two-hundred day moving average price is $68.89. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TRMB. StockNews.com cut shares of Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Oppenheimer lifted their price target on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Finally, Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price for the company in a research note on Thursday, February 20th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $86.00.

Trimble Company Profile

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office software for project design and visualization; systems to guide and control construction equipment; software for 3D design and data sharing; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; program management solutions for construction owners; 3D conceptual design and modeling software; building information modeling software; enterprise resource planning, project management, and project collaboration solutions; integrated site layout and measurement systems; cost estimating, scheduling, and project controls solutions; and applications for sub-contractors and trades.