Marshall Wace LLP Takes Position in Trimble Inc. (NASDAQ:TRMB)

Marshall Wace LLP acquired a new position in Trimble Inc. (NASDAQ:TRMB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 347,185 shares of the scientific and technical instruments company's stock, valued at approximately $24,532,000. Marshall Wace LLP owned approximately 0.14% of Trimble at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TRMB. Norges Bank acquired a new position in shares of Trimble during the fourth quarter valued at $190,391,000. Boston Partners raised its position in shares of Trimble by 217.3% during the 4th quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company's stock worth $239,802,000 after buying an additional 2,312,937 shares in the last quarter. TimesSquare Capital Management LLC bought a new position in shares of Trimble in the fourth quarter valued at approximately $50,041,000. JPMorgan Chase & Co. lifted its position in Trimble by 69.4% in the fourth quarter. JPMorgan Chase & Co. now owns 1,271,403 shares of the scientific and technical instruments company's stock worth $89,837,000 after purchasing an additional 520,980 shares during the period. Finally, Schroder Investment Management Group boosted its stake in Trimble by 1,064.6% during the 4th quarter. Schroder Investment Management Group now owns 456,512 shares of the scientific and technical instruments company's stock valued at $32,257,000 after purchasing an additional 417,313 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the sale, the director now directly 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. Corporate insiders own 0.47% of the company's stock.

Wall Street Analysts Forecast Growth

TRMB has been the subject of several research analyst reports. Oppenheimer upped their price objective on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. StockNews.com downgraded Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Finally, Cfra raised Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price on the stock in a research report on Thursday, February 20th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $86.00.

Trimble Stock Up 2.6 %

Shares of TRMB stock traded up $1.50 on Wednesday, reaching $59.51. 1,228,006 shares of the company's stock traded hands, compared to its average volume of 1,399,196. The company has a market capitalization of $14.63 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. 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 business's 50 day moving average price is $66.14 and its two-hundred day moving average price is $68.87.

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.