Trimble Inc. (NASDAQ:TRMB) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 64.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 386,217 shares of the scientific and technical instruments company's stock after buying an additional 151,029 shares during the period. Assenagon Asset Management S.A. owned about 0.16% of Trimble worth $20,547,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Clear Street Markets LLC lifted its stake in Trimble by 93.2% in the 1st quarter. Clear Street Markets LLC now owns 485 shares of the scientific and technical instruments company's stock worth $25,000 after purchasing an additional 234 shares in the last quarter. IFP Advisors Inc lifted its stake in Trimble by 798.1% in the 2nd quarter. IFP Advisors Inc now owns 467 shares of the scientific and technical instruments company's stock worth $25,000 after purchasing an additional 415 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Trimble in the 2nd quarter worth $42,000. Operose Advisors LLC purchased a new stake in shares of Trimble during the 3rd quarter valued at about $43,000. Finally, Belpointe Asset Management LLC raised its position in shares of Trimble by 42.3% during the 1st quarter. Belpointe Asset Management LLC now owns 1,026 shares of the scientific and technical instruments company's stock valued at $54,000 after buying an additional 305 shares in the last quarter. Institutional investors own 93.21% of the company's stock.

Wall Street Analyst Weigh In

TRMB has been the topic of several recent research reports. Oppenheimer upped their target price on shares of Trimble from $65.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, March 14th. Robert W. Baird upped their target price on shares of Trimble from $59.00 to $65.00 and gave the company an "outperform" rating in a research report on Tuesday, February 13th. Piper Sandler upgraded shares of Trimble from a "neutral" rating to an "overweight" rating and upped their target price for the company from $51.00 to $68.00 in a research report on Tuesday, February 13th. JPMorgan Chase & Co. increased their price objective on shares of Trimble from $48.00 to $56.00 and gave the stock a "neutral" rating in a research report on Friday, February 9th. Finally, StockNews.com lowered shares of Trimble from a "buy" rating to a "hold" rating in a research report on Saturday, February 10th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $64.00.

Insider Activity

In other news, VP Jennifer Allison sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $59.58, for a total transaction of $297,900.00. Following the transaction, the vice president now directly owns 2,315 shares in the company, valued at $137,927.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Trimble news, VP Jennifer Allison sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $59.58, for a total value of $297,900.00. Following the completion of the sale, the vice president now directly owns 2,315 shares in the company, valued at $137,927.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert G. Painter sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total transaction of $136,875.00. Following the completion of the sale, the chief executive officer now owns 239,901 shares of the company's stock, valued at $13,134,579.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,146 shares of company stock worth $822,509. Corporate insiders own 0.61% of the company's stock.

Trimble Trading Up 1.7 %

TRMB stock traded up $1.06 during mid-day trading on Thursday, reaching $64.36. The company had a trading volume of 2,964,510 shares, compared to its average volume of 1,429,989. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.00 and a quick ratio of 0.87. The company has a market capitalization of $15.81 billion, a PE ratio of 51.49, a price-to-earnings-growth ratio of 2.84 and a beta of 1.50. The firm has a 50 day moving average of $58.50 and a 200 day moving average of $52.14. Trimble Inc. has a 12 month low of $39.57 and a 12 month high of $65.55.

Trimble (NASDAQ:TRMB - Get Free Report) last issued its earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.05. The business had revenue of $932.40 million for the quarter, compared to the consensus estimate of $908.43 million. Trimble had a net margin of 8.19% and a return on equity of 12.59%. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. On average, equities analysts predict that Trimble Inc. will post 2.23 earnings per share for the current fiscal year.

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.