Trexquant Investment LP Raises Position in Trimble Inc. (NASDAQ:TRMB)

Trexquant Investment LP boosted its position in shares of Trimble Inc. (NASDAQ:TRMB - Free Report) by 163.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 256,934 shares of the scientific and technical instruments company's stock after purchasing an additional 159,242 shares during the period. Trexquant Investment LP owned about 0.10% of Trimble worth $18,155,000 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. KBC Group NV increased its position in Trimble by 81.9% in the 4th quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company's stock valued at $11,279,000 after acquiring an additional 71,891 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 acquiring an additional 136,452 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Trimble by 76.5% during the third quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company's stock valued at $2,496,000 after acquiring an additional 17,424 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted 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 acquiring an additional 17,785 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC boosted its stake in shares of Trimble by 768.5% in the 3rd 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 purchasing an additional 132,467 shares during the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

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Trimble Stock Performance

NASDAQ TRMB traded down $3.77 during trading on Friday, hitting $56.51. 1,922,279 shares of the company's stock traded hands, compared to its average volume of 1,377,255. The business has a 50 day moving average of $70.76 and a 200-day moving average of $69.14. Trimble Inc. has a 12-month low of $48.65 and a 12-month 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 stock has a market capitalization of $13.89 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 3.09 and a beta of 1.57.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TRMB shares. StockNews.com downgraded Trimble from a "strong-buy" rating to a "buy" rating in a report on Monday, March 3rd. 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. Sanford C. Bernstein boosted their price objective on shares of Trimble from $82.00 to $85.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Wolfe Research raised shares of Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 price target for the company in a report on Monday, December 16th. Finally, Cfra raised Trimble from a "buy" rating to a "strong-buy" rating and set a $92.00 target price for the company in a research note on Thursday, February 20th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $86.00.

Insider Activity

In other news, VP Jennifer Allison sold 3,571 shares of the company's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the transaction, the vice president now owns 3,157 shares of the company's stock, valued at $235,985.75. This represents a 53.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the completion of the transaction, the director now directly owns 10,162 shares in the company, valued at $729,529.98. This trade represents a 17.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,421 shares of company stock valued at $831,683. Corporate insiders own 0.47% of the company's stock.

Trimble 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.