Tudor Investment Corp ET AL Has $6.76 Million Position in Trimble Inc. (NASDAQ:TRMB)

Tudor Investment Corp ET AL grew its position in Trimble Inc. (NASDAQ:TRMB - Free Report) by 98.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,732 shares of the scientific and technical instruments company's stock after acquiring an additional 47,491 shares during the period. Tudor Investment Corp ET AL's holdings in Trimble were worth $6,764,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Crowley Wealth Management Inc. acquired a new position in shares of Trimble during the fourth quarter worth approximately $28,000. Rialto Wealth Management LLC acquired a new position in Trimble during the 4th quarter worth $35,000. SBI Securities Co. Ltd. bought a new position in Trimble in the 4th quarter valued at $36,000. Larson Financial Group LLC increased its stake in shares of Trimble by 164.8% in the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock valued at $48,000 after buying an additional 422 shares during the period. Finally, Friedenthal Financial bought a new stake in shares of Trimble during the fourth quarter worth $49,000. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Trading Up 3.3 %

Shares of NASDAQ:TRMB traded up $2.05 during mid-day trading on Friday, reaching $64.59. The stock had a trading volume of 1,160,220 shares, compared to its average volume of 1,395,182. The firm has a 50 day simple moving average of $64.32 and a two-hundred day simple moving average of $68.86. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The firm has a market cap of $15.41 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

Insiders Place Their Bets

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction dated 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 sale, the director now directly owns 10,162 shares in the company, valued at $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of Trimble 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 disclosure for this sale can be found here. Company insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Oppenheimer raised their price target on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price on the stock in a research note on Thursday, February 20th. Finally, StockNews.com cut shares of Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Trimble currently has an average rating of "Buy" and an average price target of $86.00.

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.