JANA Partners Management LP lowered its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,178,088 shares of the scientific and technical instruments company's stock after selling 702,856 shares during the period. Trimble accounts for 14.5% of JANA Partners Management LP's investment portfolio, making the stock its 3rd largest holding. JANA Partners Management LP owned 1.70% of Trimble worth $295,224,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Northern Trust Corp raised its stake in shares of Trimble by 11.6% during the fourth quarter. Northern Trust Corp now owns 2,574,428 shares of the scientific and technical instruments company's stock worth $181,909,000 after purchasing an additional 268,453 shares during the last quarter. Tudor Investment Corp ET AL increased its stake in Trimble by 98.4% in the 4th quarter. Tudor Investment Corp ET AL now owns 95,732 shares of the scientific and technical instruments company's stock valued at $6,764,000 after buying an additional 47,491 shares during the period. Quarry LP raised its position in Trimble by 121.8% during the 4th quarter. Quarry LP now owns 732 shares of the scientific and technical instruments company's stock worth $52,000 after buying an additional 402 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Trimble in the 4th quarter worth $1,757,000. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of Trimble in the fourth quarter valued at about $354,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective for the company in a research report on Thursday, February 20th. StockNews.com downgraded Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Finally, Oppenheimer increased their price objective on Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Trimble has a consensus rating of "Buy" and a consensus target price of $86.00.
Check Out Our Latest Research Report on Trimble
Trimble Price Performance
TRMB stock traded up $0.40 during midday trading on Thursday, hitting $62.54. 1,131,234 shares of the stock were exchanged, compared to its average volume of 1,404,927. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. The stock has a market cap of $14.92 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 3.09 and a beta of 1.57. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The stock's 50-day moving average price is $64.46 and its 200-day moving average price is $68.79.
Insider Transactions at Trimble
In other news, Director James Calvin Dalton sold 2,141 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value 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 $729,529.98. The trade was a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. Corporate insiders own 0.47% of the company's stock.
About Trimble
(
Free Report)
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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