Natixis Sells 4,673 Shares of Trimble Inc. (NASDAQ:TRMB)

Natixis cut its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,296 shares of the scientific and technical instruments company's stock after selling 4,673 shares during the quarter. Natixis' holdings in Trimble were worth $1,929,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Trimble in the fourth quarter valued at about $190,391,000. Boston Partners grew its position in shares of Trimble by 217.3% in the 4th quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company's stock valued at $239,802,000 after purchasing an additional 2,312,937 shares during the period. TimesSquare Capital Management LLC bought a new stake in Trimble during the 4th quarter worth approximately $50,041,000. JPMorgan Chase & Co. raised its holdings in Trimble by 69.4% during the 4th quarter. JPMorgan Chase & Co. now owns 1,271,403 shares of the scientific and technical instruments company's stock worth $89,837,000 after buying an additional 520,980 shares during the period. Finally, Schroder Investment Management Group lifted its stake in Trimble by 1,064.6% in the fourth quarter. Schroder Investment Management Group now owns 456,512 shares of the scientific and technical instruments company's stock valued at $32,257,000 after buying an additional 417,313 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Trimble

In other news, Director James Calvin Dalton sold 2,141 shares of Trimble 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. The trade was a 17.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Christopher F. Keating sold 5,709 shares of the 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. 0.47% of the stock is owned by company insiders.

Analysts Set New Price Targets

TRMB has been the topic of a number of research analyst reports. StockNews.com lowered shares of Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. Cfra raised 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. Finally, Oppenheimer upped 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 analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $86.00.

Trimble Stock Down 0.7 %

NASDAQ TRMB traded down $0.46 during trading hours on Monday, hitting $61.25. 187,540 shares of the company traded hands, compared to its average volume of 1,396,826. The stock has a market capitalization of $15.06 billion, a price-to-earnings ratio of 10.05, a P/E/G ratio of 3.09 and a beta of 1.57. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The business's 50-day moving average is $65.32 and its 200-day moving average is $68.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27.

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.