Bridgewater Associates LP Has $968,000 Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

Bridgewater Associates LP decreased its holdings in TriNet Group, Inc. (NYSE:TNET - Free Report) by 76.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,983 shares of the business services provider's stock after selling 33,146 shares during the quarter. Bridgewater Associates LP's holdings in TriNet Group were worth $968,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wedge Capital Management L L P NC boosted its stake in shares of TriNet Group by 14.5% in the second quarter. Wedge Capital Management L L P NC now owns 163,600 shares of the business services provider's stock valued at $16,360,000 after buying an additional 20,680 shares during the period. US Bancorp DE lifted its position in shares of TriNet Group by 9,893.1% during the 3rd quarter. US Bancorp DE now owns 7,195 shares of the business services provider's stock valued at $698,000 after acquiring an additional 7,123 shares during the period. Summit Global Investments acquired a new stake in shares of TriNet Group during the 3rd quarter worth $605,000. Harbor Capital Advisors Inc. grew its holdings in shares of TriNet Group by 276.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,439 shares of the business services provider's stock worth $944,000 after purchasing an additional 6,933 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of TriNet Group by 32.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,608,934 shares of the business services provider's stock worth $156,018,000 after purchasing an additional 391,720 shares during the period. Institutional investors own 96.81% of the company's stock.

TriNet Group Price Performance

NYSE TNET traded up $0.84 during trading on Monday, hitting $94.27. 256,303 shares of the company's stock were exchanged, compared to its average volume of 302,589. The company has a market cap of $4.67 billion, a PE ratio of 18.00 and a beta of 1.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 7.70. TriNet Group, Inc. has a fifty-two week low of $74.32 and a fifty-two week high of $134.67. The stock's 50 day moving average price is $92.97 and its two-hundred day moving average price is $98.44.

TriNet Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. TriNet Group's dividend payout ratio is currently 19.27%.

Insiders Place Their Bets

In other news, CTO Jeffery Jon Hayward sold 1,813 shares of TriNet Group stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $92.74, for a total transaction of $168,137.62. Following the sale, the chief technology officer now directly owns 36,951 shares of the company's stock, valued at approximately $3,426,835.74. This trade represents a 4.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul Edward Chamberlain sold 375 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total value of $32,336.25. Following the completion of the transaction, the director now directly owns 37,591 shares of the company's stock, valued at $3,241,471.93. This represents a 0.99 % decrease in their position. The disclosure for this sale can be found here. Insiders own 37.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TNET. TD Cowen increased their price objective on shares of TriNet Group from $92.00 to $104.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $103.00 price target on shares of TriNet Group in a research report on Tuesday, October 22nd. Finally, Needham & Company LLC downgraded shares of TriNet Group from a "buy" rating to a "hold" rating and set a $140.00 price objective for the company. in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $117.00.

About TriNet Group

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.