Trimble Inc. (NASDAQ:TRMB) Stake Boosted by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 80.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,665 shares of the scientific and technical instruments company's stock after purchasing an additional 4,307 shares during the period. Vinva Investment Management Ltd's holdings in Trimble were worth $681,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in Trimble in the 4th quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Trimble in the fourth quarter worth approximately $36,000. TD Private Client Wealth LLC grew its holdings in Trimble by 722.2% in the third quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company's stock valued at $37,000 after purchasing an additional 520 shares during the period. Larson Financial Group LLC increased its position in Trimble by 164.8% during the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock worth $48,000 after purchasing an additional 422 shares during the last quarter. Finally, Friedenthal Financial purchased a new position in Trimble during the fourth quarter worth approximately $49,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on TRMB shares. Sanford C. Bernstein lifted their target price on Trimble from $82.00 to $85.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Oppenheimer lifted their price objective on Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Wolfe Research upgraded Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 target price for the company in a report on Monday, December 16th. Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target on the stock in a report on Thursday, February 20th. Finally, Robert W. Baird boosted their price objective on shares of Trimble from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Trimble presently has an average rating of "Buy" and a consensus target price of $86.00.

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Insider Activity

In other news, Director James Calvin Dalton sold 2,141 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the sale, the director now owns 10,162 shares of the company's stock, valued at approximately $729,529.98. This trade represents a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the sale, the vice president now owns 3,157 shares of the company's stock, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,421 shares of company stock worth $831,683 over the last ninety days. Corporate insiders own 0.47% of the company's stock.

Trimble Stock Down 2.2 %

TRMB traded down $1.54 during trading hours on Wednesday, reaching $68.94. 932,459 shares of the stock traded hands, compared to its average volume of 1,328,151. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The company has a market cap of $16.94 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 3.09 and a beta of 1.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. The firm's fifty day simple moving average is $72.53 and its two-hundred day simple moving average is $68.76.

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.