Trimble Inc. (NASDAQ:TRMB) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,898,092 shares of the scientific and technical instruments company's stock after buying an additional 39,069 shares during the quarter. Geode Capital Management LLC owned about 2.42% of Trimble worth $364,984,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TRMB. Vestcor Inc increased its stake in shares of Trimble by 43.7% during the third quarter. Vestcor Inc now owns 5,157 shares of the scientific and technical instruments company's stock worth $320,000 after acquiring an additional 1,569 shares during the period. Barclays PLC boosted its holdings in Trimble by 4.3% in the 3rd quarter. Barclays PLC now owns 743,319 shares of the scientific and technical instruments company's stock valued at $46,151,000 after purchasing an additional 30,457 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Trimble by 0.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 69,733 shares of the scientific and technical instruments company's stock worth $4,330,000 after purchasing an additional 624 shares during the period. XTX Topco Ltd purchased a new position in shares of Trimble during the 3rd quarter worth approximately $2,362,000. Finally, National Bank of Canada FI boosted its stake in shares of Trimble by 79.7% in the third quarter. National Bank of Canada FI now owns 129,522 shares of the scientific and technical instruments company's stock valued at $8,042,000 after buying an additional 57,434 shares in the last quarter. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TRMB has been the subject of several research analyst reports. Sanford C. Bernstein increased their price objective on Trimble from $82.00 to $85.00 and gave the stock an "outperform" rating in a research report on Wednesday. StockNews.com upgraded shares of Trimble from a "hold" rating to a "buy" rating in a report on Thursday. Oppenheimer boosted their price objective on shares of Trimble from $77.00 to $88.00 and gave the stock an "outperform" rating in a report on Wednesday. Robert W. Baird increased their target price on shares of Trimble from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised Trimble from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Trimble has a consensus rating of "Buy" and a consensus target price of $84.00.

Trimble Price Performance

NASDAQ:TRMB traded down $1.28 during mid-day trading on Friday, hitting $73.59. 1,086,890 shares of the company's stock traded hands, compared to its average volume of 1,344,573. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. The company has a market cap of $17.97 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 3.16 and a beta of 1.53. The firm's 50 day simple moving average is $67.78 and its 200 day simple moving average is $60.12. Trimble Inc. has a 1 year low of $48.60 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.