Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,000 shares of the scientific and technical instruments company's stock after selling 5,430 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Trimble were worth $3,750,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in TRMB. Victory Capital Management Inc. boosted its stake in Trimble by 41.4% during the third quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company's stock valued at $337,934,000 after buying an additional 1,594,732 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Trimble by 49.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company's stock valued at $127,692,000 after buying an additional 676,954 shares during the period. Impax Asset Management Group plc boosted its stake in Trimble by 18.7% during the third quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company's stock valued at $169,978,000 after buying an additional 434,065 shares during the period. Sora Investors LLC bought a new stake in Trimble during the third quarter valued at $22,663,000. Finally, Assenagon Asset Management S.A. lifted its stake in Trimble by 132.0% during the third quarter. Assenagon Asset Management S.A. now owns 521,774 shares of the scientific and technical instruments company's stock worth $32,397,000 after purchasing an additional 296,893 shares during the last quarter. Institutional investors own 93.21% of the company's stock.
Insider Activity
In related news, VP Jennifer Allison sold 3,571 shares of the business's 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 transaction, the vice president now owns 3,157 shares in the company, valued at $235,985.75. The trade was a 53.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on TRMB shares. Piper Sandler reaffirmed an "overweight" rating and set a $84.00 price target on shares of Trimble in a research note on Wednesday, December 11th. JPMorgan Chase & Co. raised Trimble from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Oppenheimer lifted their price target on Trimble from $77.00 to $88.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. StockNews.com raised Trimble from a "hold" rating to a "buy" rating in a research note on Thursday, December 12th. Finally, Wolfe Research raised Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price target for the company in a research note on Monday, December 16th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $84.86.
View Our Latest Research Report on TRMB
Trimble Trading Down 0.7 %
Shares of NASDAQ TRMB traded down $0.54 during midday trading on Wednesday, reaching $73.29. The company had a trading volume of 891,206 shares, compared to its average volume of 1,240,232. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24. The firm's fifty day moving average price is $73.41 and its 200-day moving average price is $65.28. The stock has a market cap of $18.01 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 3.14 and a beta of 1.53.
About Trimble
(
Free Report)
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.
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