Crestline Management LP Boosts Position in Trimble Inc. (NASDAQ:TRMB)

Crestline Management LP lifted its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 643.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,002 shares of the scientific and technical instruments company's stock after purchasing an additional 57,992 shares during the quarter. Crestline Management LP's holdings in Trimble were worth $4,734,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. KBC Group NV increased its position in shares of Trimble by 81.9% during the 4th quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company's stock worth $11,279,000 after purchasing an additional 71,891 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Trimble by 5.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 376,368 shares of the scientific and technical instruments company's stock valued at $26,560,000 after acquiring an additional 17,785 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Trimble by 32.4% during the fourth quarter. Wellington Management Group LLP now owns 22,360 shares of the scientific and technical instruments company's stock valued at $1,580,000 after acquiring an additional 5,472 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Trimble in the 4th quarter worth approximately $406,000. Finally, Simon Quick Advisors LLC boosted its position in shares of Trimble by 34.1% during the 4th quarter. Simon Quick Advisors LLC now owns 13,634 shares of the scientific and technical instruments company's stock worth $963,000 after purchasing an additional 3,465 shares during the period. 93.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Trimble Stock Performance

Shares of NASDAQ:TRMB opened at $63.32 on Wednesday. The business has a 50-day moving average of $64.03 and a two-hundred day moving average of $68.89. The firm has a market capitalization of $15.11 billion, a PE ratio of 10.40, a P/E/G ratio of 3.09 and a beta of 1.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78.

Insiders Place Their Bets

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

Trimble 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.

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