BI Asset Management Fondsmaeglerselskab A S Invests $828,000 in Trimble Inc. (NASDAQ:TRMB)

BI Asset Management Fondsmaeglerselskab A S bought a new stake in Trimble Inc. (NASDAQ:TRMB - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,714 shares of the scientific and technical instruments company's stock, valued at approximately $828,000.

Other large investors have also recently added to or reduced their stakes in the company. Curi RMB Capital LLC grew its stake in shares of Trimble by 8.4% during the 4th quarter. Curi RMB Capital LLC now owns 30,598 shares of the scientific and technical instruments company's stock valued at $2,162,000 after buying an additional 2,377 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Trimble by 7.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,326,940 shares of the scientific and technical instruments company's stock valued at $164,422,000 after acquiring an additional 158,402 shares during the last quarter. First Trust Advisors LP grew its position in Trimble by 39.8% during the fourth quarter. First Trust Advisors LP now owns 70,107 shares of the scientific and technical instruments company's stock valued at $4,954,000 after acquiring an additional 19,976 shares during the period. Forum Financial Management LP increased its stake in Trimble by 33.6% during the fourth quarter. Forum Financial Management LP now owns 5,050 shares of the scientific and technical instruments company's stock worth $357,000 after acquiring an additional 1,271 shares during the last quarter. Finally, Commerce Bank raised its holdings in shares of Trimble by 9.1% in the 4th quarter. Commerce Bank now owns 12,201 shares of the scientific and technical instruments company's stock worth $862,000 after purchasing an additional 1,019 shares during the period. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was 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 in the company, valued at approximately $729,529.98. This represents a 17.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by company insiders.

Trimble Stock Up 0.1 %

Shares of NASDAQ TRMB traded up $0.06 during trading on Tuesday, reaching $61.51. 216,275 shares of the stock were exchanged, compared to its average volume of 1,397,524. The company has a market capitalization of $15.12 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The business's 50-day moving average price is $65.04 and its 200 day moving average price is $68.89. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78.

About Trimble

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.