Aviva PLC Sells 36,804 Shares of Trimble Inc. (NASDAQ:TRMB)

Aviva PLC lessened its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 321,076 shares of the scientific and technical instruments company's stock after selling 36,804 shares during the quarter. Aviva PLC owned approximately 0.13% of Trimble worth $22,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Resona Asset Management Co. Ltd. purchased a new position in Trimble during the fourth quarter valued at $5,237,000. Wells Fargo & Company MN raised its stake in shares of Trimble by 0.4% in the fourth quarter. Wells Fargo & Company MN now owns 414,808 shares of the scientific and technical instruments company's stock worth $29,310,000 after buying an additional 1,842 shares during the period. Huntington National Bank lifted its position in shares of Trimble by 10.4% during the 4th quarter. Huntington National Bank now owns 1,768 shares of the scientific and technical instruments company's stock valued at $125,000 after buying an additional 167 shares in the last quarter. Trexquant Investment LP grew its stake in shares of Trimble by 163.0% during the 4th quarter. Trexquant Investment LP now owns 256,934 shares of the scientific and technical instruments company's stock valued at $18,155,000 after acquiring an additional 159,242 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Trimble by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 6,036,228 shares of the scientific and technical instruments company's stock worth $425,427,000 after acquiring an additional 138,136 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company's stock.

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Trimble Price Performance

Shares of TRMB traded down $0.48 during midday trading on Friday, hitting $57.56. 579,335 shares of the company traded hands, compared to its average volume of 1,388,262. 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 quick ratio of 1.07 and a current ratio of 1.27. The firm has a 50 day moving average of $68.70 and a 200-day moving average of $69.03. The stock has a market cap of $14.15 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 3.09 and a beta of 1.57.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Oppenheimer lifted their price target on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, February 20th. 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 note on Monday, December 16th. Cfra upgraded Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price target for the company in a research note on Thursday, February 20th. Finally, StockNews.com downgraded Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $86.00.

Insider Activity at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the company's stock in a transaction that occurred 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 sale, the vice president now directly owns 3,157 shares of the company's stock, valued at $235,985.75. This represents a 53.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,421 shares of company stock valued at $831,683. Insiders own 0.47% of the company's stock.

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.