BI Asset Management Fondsmaeglerselskab A S Makes New $828,000 Investment in Trimble Inc. (NASDAQ:TRMB)

BI Asset Management Fondsmaeglerselskab A S acquired a new position in Trimble Inc. (NASDAQ:TRMB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,714 shares of the scientific and technical instruments company's stock, valued at approximately $828,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Trimble by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 29,706,534 shares of the scientific and technical instruments company's stock valued at $2,099,064,000 after acquiring an additional 183,150 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Trimble by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company's stock worth $425,427,000 after purchasing an additional 138,136 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Trimble by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company's stock worth $400,312,000 after purchasing an additional 222,679 shares during the last quarter. Boston Partners lifted its holdings in shares of Trimble by 217.3% during the fourth quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company's stock valued at $239,802,000 after purchasing an additional 2,312,937 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Trimble during the fourth quarter valued at $190,391,000. Institutional investors own 93.21% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on TRMB. StockNews.com cut shares of Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price on the stock in a report on Thursday, February 20th. Finally, Oppenheimer increased 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. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Trimble has a consensus rating of "Buy" and a consensus target price of $86.00.

Trimble Stock Performance

Shares of TRMB stock traded up $0.06 during mid-day trading on Friday, reaching $61.71. 844,042 shares of the company's stock traded hands, compared to its average volume of 1,401,590. The firm has a 50 day moving average price of $65.32 and a two-hundred day moving average price of $68.85. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. The firm has a market capitalization of $15.17 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57.

Insider Activity at Trimble

In related news, Director James Calvin Dalton sold 2,141 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the transaction, the director now directly owns 10,162 shares of the company's stock, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher F. Keating sold 5,709 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.

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.