DnB Asset Management AS Has $3.44 Million Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

DnB Asset Management AS lowered its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 57.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,728 shares of the scientific and technical instruments company's stock after selling 65,245 shares during the quarter. DnB Asset Management AS's holdings in Trimble were worth $3,443,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in 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 worth $2,099,064,000 after acquiring an additional 183,150 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Trimble by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company's stock worth $364,984,000 after purchasing an additional 39,069 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Trimble by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company's stock valued at $400,312,000 after buying an additional 222,679 shares during the last quarter. Boston Partners grew its stake in shares of Trimble by 217.3% in 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 buying an additional 2,312,937 shares in the last quarter. Finally, Norges Bank acquired a new position in Trimble during the fourth quarter worth $190,391,000. Institutional investors and hedge funds own 93.21% of the company's stock.

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Analyst Ratings Changes

TRMB has been the subject of a number of recent analyst reports. Oppenheimer increased their price target on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Robert W. Baird raised their target price on shares of Trimble from $82.00 to $90.00 and gave the company 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 target on the stock in a research report on Thursday, February 20th. JPMorgan Chase & Co. upgraded Trimble from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Finally, Sanford C. Bernstein lifted their target price on Trimble from $82.00 to $85.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Trimble has a consensus rating of "Buy" and a consensus target price of $86.00.

Insider Transactions at Trimble

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the firm's stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the transaction, the vice president now owns 3,157 shares in the company, valued at $235,985.75. This trade represents a 53.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of Trimble stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is currently owned by corporate insiders.

Trimble Stock Performance

NASDAQ:TRMB traded down $6.23 during mid-day trading on Thursday, hitting $60.28. 1,812,108 shares of the stock were exchanged, compared to its average volume of 1,379,724. The firm's 50-day simple moving average is $71.53 and its 200 day simple moving average is $69.14. The stock has a market capitalization of $14.82 billion, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week 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.

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.