Alpine Peaks Capital LP Trims Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Alpine Peaks Capital LP reduced its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 36.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 101,983 shares of the scientific and technical instruments company's stock after selling 58,833 shares during the quarter. Trimble makes up 5.9% of Alpine Peaks Capital LP's portfolio, making the stock its 4th biggest position. Alpine Peaks Capital LP's holdings in Trimble were worth $7,206,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC lifted its position in shares of Trimble by 4.3% during the 3rd quarter. Barclays PLC now owns 743,319 shares of the scientific and technical instruments company's stock valued at $46,151,000 after acquiring an additional 30,457 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trimble in the third quarter worth about $691,000. Peapack Gladstone Financial Corp boosted its stake in shares of Trimble by 6.8% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 4,270 shares of the scientific and technical instruments company's stock worth $265,000 after acquiring an additional 270 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Trimble by 18.4% in the third quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company's stock worth $24,296,000 after buying an additional 60,752 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Trimble by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company's stock worth $46,594,000 after acquiring an additional 136,452 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Trimble

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction dated 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 sale, the director now owns 10,162 shares of the company's stock, valued at $729,529.98. This trade represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. 0.47% of the stock is owned by insiders.

Trimble Trading Up 0.1 %

TRMB traded up $0.06 during midday trading on Friday, reaching $61.71. 844,042 shares of the company were exchanged, compared to its average volume of 1,401,590. The stock has a market capitalization of $15.17 billion, a P/E ratio of 10.13, a PEG ratio of 3.09 and a beta of 1.57. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The stock's 50-day simple moving average is $65.32 and its 200 day simple moving average is $68.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27.

Analysts Set New Price Targets

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

Trimble 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.