AXQ Capital LP Takes Position in Trimble Inc. (NASDAQ:TRMB)

AXQ Capital LP acquired 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 institutional investor acquired 6,295 shares of the scientific and technical instruments company's stock, valued at approximately $445,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV grew its holdings in shares of Trimble by 81.9% during the 4th quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company's stock worth $11,279,000 after purchasing an additional 71,891 shares during the period. JPMorgan Chase & Co. boosted its stake in 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 worth $46,594,000 after buying an additional 136,452 shares during the period. Benjamin Edwards Inc. increased its position in shares of Trimble by 76.5% during the third quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company's stock valued at $2,496,000 after acquiring an additional 17,424 shares during the last quarter. Worldquant Millennium Advisors LLC raised its stake in shares of Trimble by 768.5% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company's stock valued at $9,295,000 after acquiring an additional 132,467 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Trimble by 49.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company's stock worth $127,692,000 after acquiring an additional 676,954 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company's stock.

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Analysts Set New Price Targets

Several research firms recently weighed in on TRMB. Wolfe Research upgraded shares of 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. Oppenheimer increased their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Sanford C. Bernstein upped their target price on shares of Trimble from $82.00 to $85.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Cfra raised Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective on the stock in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. upgraded Trimble from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Trimble has a consensus rating of "Buy" and an average target price of $86.00.

Insider Buying and Selling at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction on Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the sale, the vice president now directly owns 3,157 shares in the company, valued at $235,985.75. This trade represents a 53.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of the company's stock in a transaction on Monday, February 24th. The shares were 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 owns 10,162 shares of the company's stock, valued at $729,529.98. This represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,421 shares of company stock worth $831,683 over the last three months. Insiders own 0.47% of the company's stock.

Trimble Stock Down 1.4 %

Shares of NASDAQ TRMB traded down $0.96 during midday trading on Thursday, hitting $67.98. 1,242,282 shares of the company's stock were exchanged, compared to its average volume of 1,327,448. The firm's fifty day simple moving average is $72.46 and its 200-day simple moving average is $68.76. The company has a market cap of $16.71 billion, a PE ratio of 11.16, 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 company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07.

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.