Y Intercept Hong Kong Ltd Has $638,000 Position in Trimble Inc. (NASDAQ:TRMB)

Y Intercept Hong Kong Ltd trimmed its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 70.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,027 shares of the scientific and technical instruments company's stock after selling 21,262 shares during the period. Y Intercept Hong Kong Ltd's holdings in Trimble were worth $638,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ieq Capital LLC raised its stake in Trimble by 77.9% during the 4th quarter. Ieq Capital LLC now owns 43,223 shares of the scientific and technical instruments company's stock valued at $3,054,000 after purchasing an additional 18,921 shares during the last quarter. Bryn Mawr Capital Management LLC raised its position in shares of Trimble by 1,000.0% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 53,902 shares of the scientific and technical instruments company's stock valued at $3,809,000 after buying an additional 49,002 shares during the last quarter. TimesSquare Capital Management LLC bought a new stake in shares of Trimble in the fourth quarter valued at about $50,041,000. Venturi Wealth Management LLC grew its position in Trimble by 229.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,408 shares of the scientific and technical instruments company's stock worth $99,000 after buying an additional 981 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in Trimble by 4.6% during the fourth quarter. CIBC Asset Management Inc now owns 37,343 shares of the scientific and technical instruments company's stock valued at $2,639,000 after acquiring an additional 1,632 shares during the period. 93.21% of the stock is owned by institutional investors and hedge funds.

Trimble Price Performance

Trimble stock traded down $0.27 during trading hours on Tuesday, hitting $69.41. 1,053,905 shares of the stock were exchanged, compared to its average volume of 1,283,365. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The business's 50-day moving average is $73.19 and its two-hundred day moving average is $67.27. 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 stock has a market capitalization of $17.06 billion, a P/E ratio of 11.39, a P/E/G ratio of 3.09 and a beta of 1.53.

Insider Transactions at Trimble

In related news, VP Jennifer Allison sold 3,571 shares of the business's stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the transaction, the vice president now owns 3,157 shares in the company, valued at $235,985.75. The trade was a 53.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James Calvin Dalton sold 2,141 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the transaction, the director now directly owns 10,162 shares in the company, valued at approximately $729,529.98. This represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,421 shares of company stock worth $831,683. Insiders own 0.47% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TRMB shares. Oppenheimer lifted their price objective on Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Robert W. Baird boosted their price target on shares of Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Wolfe Research upgraded shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price objective for the company in a research note on Monday, December 16th. StockNews.com lowered shares of Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday. Finally, Cfra raised shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target for the company in a research report on Thursday, February 20th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $86.00.

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.