Calamos Wealth Management LLC Purchases Shares of 3,568 Trimble Inc. (NASDAQ:TRMB)

Calamos Wealth Management LLC bought a new position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,568 shares of the scientific and technical instruments company's stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Trimble by 5.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 376,368 shares of the scientific and technical instruments company's stock worth $26,560,000 after buying an additional 17,785 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Trimble by 7.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 35,876 shares of the scientific and technical instruments company's stock worth $2,355,000 after acquiring an additional 2,397 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Trimble by 32.4% during the 4th quarter. Wellington Management Group LLP now owns 22,360 shares of the scientific and technical instruments company's stock worth $1,580,000 after buying an additional 5,472 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Trimble by 25.1% in the 1st quarter. GAMMA Investing LLC now owns 5,275 shares of the scientific and technical instruments company's stock valued at $346,000 after purchasing an additional 1,059 shares in the last quarter. Finally, Atria Investments Inc grew its stake in Trimble by 15.4% during the fourth quarter. Atria Investments Inc now owns 4,022 shares of the scientific and technical instruments company's stock worth $284,000 after buying an additional 537 shares during the period. 93.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Trimble news, Director Kaigham Gabriel sold 6,511 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $71.69, for a total transaction of $466,773.59. Following the transaction, the director directly owned 17,939 shares in the company, valued at $1,286,046.91. This trade represents a 26.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by corporate insiders.

Trimble Price Performance

NASDAQ TRMB traded up $0.96 on Friday, reaching $78.82. The company's stock had a trading volume of 805,580 shares, compared to its average volume of 1,391,158. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $78.99. The stock has a market cap of $18.81 billion, a PE ratio of 12.86, a PEG ratio of 3.36 and a beta of 1.67. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.72 and a current ratio of 0.84. The firm's 50 day moving average is $70.97 and its two-hundred day moving average is $69.74.

Trimble (NASDAQ:TRMB - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. Trimble had a return on equity of 9.87% and a net margin of 42.40%. The firm had revenue of $840.60 million during the quarter, compared to the consensus estimate of $810.45 million. During the same period in the prior year, the business earned $0.64 EPS. The business's revenue for the quarter was down 11.8% on a year-over-year basis. As a group, sell-side analysts predict that Trimble Inc. will post 2.37 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TRMB shares. Wall Street Zen lowered shares of Trimble from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Piper Sandler restated an "overweight" rating and set a $84.00 price objective on shares of Trimble in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their target price on Trimble from $84.00 to $88.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $88.43.

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.