Choreo LLC acquired a new stake in Trimble Inc. (NASDAQ:TRMB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 11,627 shares of the scientific and technical instruments company's stock, valued at approximately $819,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in Trimble by 0.7% in the third quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company's stock valued at $364,984,000 after purchasing an additional 39,069 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Trimble by 41.4% during the third quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company's stock valued at $337,934,000 after acquiring an additional 1,594,732 shares in the last quarter. Impax Asset Management Group plc raised its holdings in shares of Trimble by 18.7% during the third quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company's stock valued at $169,978,000 after acquiring an additional 434,065 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Trimble by 49.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company's stock valued at $127,692,000 after acquiring an additional 676,954 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Trimble by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company's stock valued at $46,594,000 after acquiring an additional 136,452 shares in the last quarter. Institutional investors own 93.21% of the company's stock.
Insider Transactions at Trimble
In other news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the sale, the vice president now directly owns 3,157 shares of the company's stock, valued at approximately $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.47% of the company's stock.
Wall Street Analyst Weigh In
TRMB has been the subject of a number of recent analyst reports. Wolfe Research upgraded Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 target price for the company in a report on Monday, December 16th. StockNews.com upgraded Trimble from a "hold" rating to a "buy" rating in a report on Thursday, December 12th. Sanford C. Bernstein upped their target price on Trimble from $82.00 to $85.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded Trimble from a "neutral" rating to an "overweight" rating and upped their target price for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $84.00 price objective on shares of Trimble in a report on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $84.86.
Check Out Our Latest Stock Report on Trimble
Trimble Stock Up 0.5 %
TRMB traded up $0.37 during trading on Thursday, reaching $73.66. The stock had a trading volume of 1,154,195 shares, compared to its average volume of 1,237,265. The stock's 50 day moving average is $73.34 and its two-hundred day moving average is $65.40. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $18.10 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 3.14 and a beta of 1.53. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78.
Trimble Profile
(
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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