Pictet Asset Management Holding SA Increases Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Pictet Asset Management Holding SA boosted its stake in Trimble Inc. (NASDAQ:TRMB - Free Report) by 15.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 144,823 shares of the scientific and technical instruments company's stock after acquiring an additional 19,050 shares during the period. Pictet Asset Management Holding SA owned 0.06% of Trimble worth $10,233,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Crowley Wealth Management Inc. acquired a new position in shares of Trimble in the fourth quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new position in Trimble in the 4th quarter valued at $35,000. SBI Securities Co. Ltd. purchased a new position in Trimble during the 4th quarter worth $36,000. TD Private Client Wealth LLC lifted its stake in shares of Trimble by 722.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company's stock worth $37,000 after acquiring an additional 520 shares during the period. Finally, Larson Financial Group LLC lifted its position in Trimble by 164.8% in the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company's stock valued at $48,000 after purchasing an additional 422 shares during the period. 93.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director James Calvin Dalton sold 2,141 shares of the 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 represents a 17.40 % decrease in their position. The transaction 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 Trimble stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the transaction, the vice president now directly owns 3,157 shares in the company, 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 ninety days, insiders have sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is currently owned by company insiders.

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Analysts Set New Price Targets

Several equities research analysts have commented on TRMB shares. Wolfe Research upgraded shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 target price on the stock in a research report 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 report on Wednesday, December 11th. Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price on the stock in a report on Thursday, February 20th. Oppenheimer lifted their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a report on Thursday, February 20th. Finally, Sanford C. Bernstein raised their target price on shares of Trimble from $82.00 to $85.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $86.00.

Trimble Trading Down 0.9 %

NASDAQ:TRMB traded down $0.49 during trading hours on Monday, reaching $56.02. 4,607,724 shares of the company were exchanged, compared to its average volume of 1,390,126. The firm has a market cap of $13.77 billion, a price-to-earnings ratio of 9.20, a PEG ratio of 3.09 and a beta of 1.57. The stock has a 50 day simple moving average of $70.36 and a 200 day simple moving average of $69.19. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07.

Trimble Company 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.