Trimble Inc. (NASDAQ:TRMB) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 73.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 681,578 shares of the scientific and technical instruments company's stock after buying an additional 288,313 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.28% of Trimble worth $48,160,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Cullen Frost Bankers Inc. lifted its stake in Trimble by 0.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 22,969 shares of the scientific and technical instruments company's stock worth $1,623,000 after purchasing an additional 141 shares during the last quarter. Essex Investment Management Co. LLC raised its holdings in Trimble by 0.5% during the fourth quarter. Essex Investment Management Co. LLC now owns 28,546 shares of the scientific and technical instruments company's stock worth $2,017,000 after purchasing an additional 141 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in shares of Trimble by 12.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,322 shares of the scientific and technical instruments company's stock worth $93,000 after buying an additional 149 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of Trimble by 1.6% in the 4th quarter. M&T Bank Corp now owns 10,155 shares of the scientific and technical instruments company's stock valued at $717,000 after buying an additional 156 shares in the last quarter. Finally, SYM FINANCIAL Corp grew its position in shares of Trimble by 4.4% in the 4th quarter. SYM FINANCIAL Corp now owns 4,099 shares of the scientific and technical instruments company's stock valued at $290,000 after buying an additional 172 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities analysts have issued reports on the stock. 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. Robert W. Baird raised their price target on Trimble from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. StockNews.com cut Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Oppenheimer raised their target price on shares of Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Finally, Cfra upgraded 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 equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Trimble presently has a consensus rating of "Buy" and an average target price of $86.00.

Insiders Place Their Bets

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of Trimble stock in a transaction that occurred 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 sale, the director now owns 10,162 shares of the company's stock, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jennifer Allison sold 3,571 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the transaction, the vice president now directly owns 3,157 shares of the company's stock, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,421 shares of company stock worth $831,683. 0.47% of the stock is owned by insiders.

Trimble Stock Performance

Shares of Trimble stock traded down $3.77 during trading hours on Friday, hitting $56.51. 1,922,279 shares of the company were exchanged, compared to its average volume of 1,377,255. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $70.76 and a 200-day moving average of $69.22. Trimble Inc. has a 1 year low of $48.65 and a 1 year high of $77.78. The stock has a market capitalization of $13.89 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of 3.09 and a beta of 1.57.

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.