Trimble Inc. (NASDAQ:TRMB) Shares Sold by Prospector Partners LLC

Prospector Partners LLC trimmed its stake in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 19.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 286,177 shares of the scientific and technical instruments company's stock after selling 70,795 shares during the period. Trimble makes up about 2.2% of Prospector Partners LLC's investment portfolio, making the stock its 9th biggest position. Prospector Partners LLC owned approximately 0.12% of Trimble worth $20,221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TRMB. KBC Group NV raised its holdings in Trimble by 81.9% during the 4th quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company's stock worth $11,279,000 after purchasing an additional 71,891 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Trimble by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company's stock worth $46,594,000 after buying an additional 136,452 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Trimble by 5.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 376,368 shares of the scientific and technical instruments company's stock valued at $26,560,000 after buying an additional 17,785 shares during the period. Worldquant Millennium Advisors LLC boosted its stake in Trimble by 768.5% in the third quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company's stock valued at $9,295,000 after acquiring an additional 132,467 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in Trimble during the 4th quarter worth $406,000. Institutional investors and hedge funds own 93.21% of the company's stock.

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Trimble Stock Up 0.0 %

Shares of TRMB traded up $0.01 on Friday, hitting $58.05. The company's stock had a trading volume of 738,973 shares, compared to its average volume of 1,389,071. The firm's fifty day moving average price is $68.70 and its 200-day moving average price is $69.03. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 9.42, a P/E/G ratio of 3.09 and a beta of 1.57.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TRMB. StockNews.com lowered Trimble from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 3rd. Wolfe Research upgraded Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 target price for the company in a research report on Monday, December 16th. Oppenheimer increased their price target on shares of Trimble from $88.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, February 20th. Finally, Cfra upgraded shares of Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 price objective for the company in a report on Thursday, February 20th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Trimble presently has an average rating of "Buy" and a consensus target price of $86.00.

Insider Buying and Selling at Trimble

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of the business's 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $266,932.25. Following the transaction, the vice president now directly owns 3,157 shares of the company's stock, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is currently owned by corporate insiders.

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.