Erste Asset Management GmbH Buys New Holdings in Trimble Inc. (NASDAQ:TRMB)

Erste Asset Management GmbH bought a new position in Trimble Inc. (NASDAQ:TRMB - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 72,692 shares of the scientific and technical instruments company's stock, valued at approximately $4,481,000.

Several other large investors have also bought and sold shares of the company. Farrow Financial Inc. raised its holdings in shares of Trimble by 0.5% during the third quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company's stock valued at $2,425,000 after purchasing an additional 192 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Trimble by 3.4% during the third quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company's stock valued at $360,000 after purchasing an additional 193 shares during the last quarter. Profund Advisors LLC raised its holdings in shares of Trimble by 4.6% during the second quarter. Profund Advisors LLC now owns 4,937 shares of the scientific and technical instruments company's stock valued at $276,000 after purchasing an additional 219 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Trimble by 5.8% during the third quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company's stock valued at $247,000 after purchasing an additional 219 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Trimble by 4.4% during the third quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company's stock valued at $352,000 after purchasing an additional 237 shares during the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on TRMB. Robert W. Baird boosted their price objective on shares of Trimble from $66.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, November 8th. JPMorgan Chase & Co. increased their price target on shares of Trimble from $66.00 to $74.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. StockNews.com downgraded shares of Trimble from a "buy" rating to a "hold" rating in a research report on Tuesday. Piper Sandler lifted their target price on Trimble from $73.00 to $84.00 and gave the company an "overweight" rating in a research report on Thursday, November 7th. Finally, Oppenheimer restated an "outperform" rating and issued a $72.00 price target on shares of Trimble in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $75.40.

Trimble Stock Performance

Shares of NASDAQ TRMB traded up $0.87 during trading on Tuesday, hitting $73.95. The company had a trading volume of 1,519,998 shares, compared to its average volume of 1,339,800. The stock has a 50 day simple moving average of $65.35 and a 200 day simple moving average of $59.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. Trimble Inc. has a 12 month low of $45.61 and a 12 month high of $74.56. The firm has a market capitalization of $18.06 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 3.13 and a beta of 1.53.

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.