Sora Investors LLC Acquires Shares of 365,000 Trimble Inc. (NASDAQ:TRMB)

Sora Investors LLC bought a new stake in Trimble Inc. (NASDAQ:TRMB - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 365,000 shares of the scientific and technical instruments company's stock, valued at approximately $22,663,000. Trimble accounts for about 4.0% of Sora Investors LLC's portfolio, making the stock its 4th largest position. Sora Investors LLC owned about 0.15% of Trimble as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. GPS Wealth Strategies Group LLC increased its stake in Trimble by 303.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company's stock valued at $36,000 after buying an additional 479 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Trimble by 96.0% in the second quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company's stock valued at $36,000 after buying an additional 313 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Trimble during the second quarter worth $48,000. Catalyst Capital Advisors LLC acquired a new stake in Trimble in the third quarter valued at $49,000. Finally, Cromwell Holdings LLC grew its position in shares of Trimble by 86.6% in the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company's stock valued at $50,000 after acquiring an additional 375 shares during the period. 93.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on TRMB. StockNews.com downgraded Trimble from a "buy" rating to a "hold" rating in a research report on Tuesday. JPMorgan Chase & Co. upgraded Trimble from a "neutral" rating to an "overweight" rating and increased their price target for the company from $74.00 to $92.00 in a research note on Wednesday. Piper Sandler raised their price target on Trimble from $73.00 to $84.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Finally, Robert W. Baird upped 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $79.00.

Trimble Stock Performance

NASDAQ TRMB traded down $0.58 on Friday, reaching $74.82. The stock had a trading volume of 344,651 shares, compared to its average volume of 1,340,951. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. The company has a market cap of $18.27 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 3.16 and a beta of 1.53. The firm has a fifty day moving average of $66.27 and a two-hundred day moving average of $59.37. Trimble Inc. has a 1-year low of $46.06 and a 1-year high of $76.97.

About Trimble

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.