Avanza Fonder AB Buys Shares of 26,090 Trimble Inc. (NASDAQ:TRMB)

Avanza Fonder AB bought a new position in Trimble Inc. (NASDAQ:TRMB - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 26,090 shares of the scientific and technical instruments company's stock, valued at approximately $1,844,000.

A number of other institutional investors have also added to or reduced their stakes in the company. TD Private Client Wealth LLC grew its holdings in shares of Trimble by 722.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company's stock valued at $37,000 after purchasing an additional 520 shares during the last quarter. Friedenthal Financial purchased a new position in shares of Trimble in the fourth quarter worth $49,000. Catalyst Capital Advisors LLC bought a new stake in Trimble during the 3rd quarter valued at $49,000. Cromwell Holdings LLC boosted its position in Trimble by 86.6% during the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company's stock valued at $50,000 after buying an additional 375 shares during the period. Finally, Sentry Investment Management LLC bought a new stake in Trimble in the 3rd quarter worth $76,000. Institutional investors own 93.21% of the company's stock.

Trimble Stock Up 1.4 %

Shares of TRMB traded up $1.02 on Friday, hitting $74.92. 1,010,657 shares of the stock traded hands, compared to its average volume of 1,041,080. The company has a market capitalization of $18.30 billion, a PE ratio of 12.53, a P/E/G ratio of 2.92 and a beta of 1.52. Trimble Inc. has a one year low of $48.60 and a one year high of $76.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. The business has a 50 day simple moving average of $72.27 and a 200 day simple moving average of $63.01.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein boosted their target price on Trimble from $82.00 to $85.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. StockNews.com raised shares of Trimble from a "hold" rating to a "buy" rating in a research note on Thursday, December 12th. Oppenheimer upped their target price on Trimble from $77.00 to $88.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Wolfe Research upgraded Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price objective for the company in a report on Monday, December 16th. Finally, Robert W. Baird boosted their target price on shares of Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $84.86.

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.