Alliancebernstein L.P. Raises Holdings in Trimble Inc. (NASDAQ:TRMB)

Alliancebernstein L.P. lifted its holdings in Trimble Inc. (NASDAQ:TRMB - Free Report) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 415,830 shares of the scientific and technical instruments company's stock after purchasing an additional 71,119 shares during the quarter. Alliancebernstein L.P. owned 0.17% of Trimble worth $29,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TRMB. Wellington Management Group LLP raised its position in Trimble by 32.4% in the 4th quarter. Wellington Management Group LLP now owns 22,360 shares of the scientific and technical instruments company's stock worth $1,580,000 after buying an additional 5,472 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Trimble by 17.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,595 shares of the scientific and technical instruments company's stock valued at $395,000 after purchasing an additional 841 shares during the last quarter. Brandywine Global Investment Management LLC lifted its position in Trimble by 366.1% during the fourth quarter. Brandywine Global Investment Management LLC now owns 135,099 shares of the scientific and technical instruments company's stock valued at $9,546,000 after purchasing an additional 106,114 shares during the period. Schroder Investment Management Group boosted its holdings in Trimble by 1,064.6% in the fourth quarter. Schroder Investment Management Group now owns 456,512 shares of the scientific and technical instruments company's stock worth $32,257,000 after purchasing an additional 417,313 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Trimble by 73.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 681,578 shares of the scientific and technical instruments company's stock worth $48,160,000 after purchasing an additional 288,313 shares during the period. 93.21% of the stock is owned by institutional investors.

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Trimble Stock Performance

Shares of TRMB stock traded up $0.18 during trading hours on Friday, reaching $58.22. 1,759,055 shares of the company traded hands, compared to its average volume of 1,393,040. The firm has a 50-day moving average price of $68.38 and a 200 day moving average price of $69.03. The company has a market cap of $14.31 billion, a P/E ratio of 9.56, a P/E/G ratio of 3.09 and a beta of 1.57. 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 current ratio of 1.27 and a quick ratio of 1.07.

Insider Buying and Selling at Trimble

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the sale, the director now directly owns 10,162 shares of the company's stock, valued at $729,529.98. This trade represents a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jennifer Allison sold 3,571 shares of the business's stock in a transaction dated Friday, January 17th. The shares were 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 in the company, valued at $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,421 shares of company stock valued at $831,683 over the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TRMB has been the topic of a number of research reports. StockNews.com downgraded Trimble from a "strong-buy" rating to a "buy" rating in a research note on Monday, March 3rd. Wolfe Research raised Trimble from a "peer perform" rating to an "outperform" rating and set a $90.00 target price on the stock in a research report 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, Oppenheimer increased their price objective 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. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $86.00.

About Trimble

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.