Tredje AP fonden Grows Holdings in Trimble Inc. (NASDAQ:TRMB)

Tredje AP fonden boosted its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 425.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,253 shares of the scientific and technical instruments company's stock after acquiring an additional 164,548 shares during the quarter. Tredje AP fonden owned 0.08% of Trimble worth $14,362,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new stake in shares of Trimble in the fourth quarter worth $35,000. SBI Securities Co. Ltd. bought a new stake in shares of Trimble in the 4th quarter valued at about $36,000. TD Private Client Wealth LLC increased its stake in shares of 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 buying an additional 520 shares during the period. Larson Financial Group LLC raised its position in shares of 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 acquiring an additional 422 shares during the last quarter. Finally, Friedenthal Financial acquired a new position in shares of Trimble in the fourth quarter worth approximately $49,000. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Robert W. Baird raised their price target on shares of Trimble from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Oppenheimer lifted their target price on shares of Trimble from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, February 20th. StockNews.com cut shares of Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Wolfe Research raised Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price objective for the company in a research report on Monday, December 16th. Finally, Piper Sandler restated an "overweight" rating and set a $84.00 target price on shares of Trimble in a research report on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $86.00.

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Insider Activity

In other Trimble news, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction dated 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 transaction, the vice president now owns 3,157 shares in the company, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. Insiders sold a total of 11,421 shares of company stock worth $831,683 over the last quarter. 0.47% of the stock is currently owned by corporate insiders.

Trimble Stock Down 0.1 %

Trimble stock traded down $0.06 during midday trading on Tuesday, reaching $70.19. The stock had a trading volume of 2,036,311 shares, compared to its average volume of 1,312,770. The company has a fifty day moving average price of $72.60 and a two-hundred day moving average price of $68.11. The company has a market capitalization of $17.25 billion, a P/E ratio of 11.53, a PEG ratio of 3.09 and a beta of 1.57. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78.

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.