TriNet Group Inc (NYSE:TNET) CEO Burton M. Goldfield sold 13,317 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $32.91, for a total transaction of $438,262.47. Following the transaction, the chief executive officer now owns 31,225 shares in the company, valued at $1,027,614.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

TriNet Group Inc (TNET) traded up 1.24% during trading on Wednesday, hitting $33.55. 192,676 shares of the stock were exchanged. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 30.56 and a beta of 2.93. TriNet Group Inc has a one year low of $17.78 and a one year high of $34.00. The stock’s 50 day moving average is $32.19 and its 200-day moving average is $29.04.

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TNET has been the subject of several research reports. Deutsche Bank AG cut shares of TriNet Group from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research report on Wednesday, April 19th. Zacks Investment Research cut shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. BidaskClub upgraded shares of TriNet Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Stifel Nicolaus increased their price objective on shares of TriNet Group from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, May 3rd. Finally, TheStreet upgraded shares of TriNet Group from a “c” rating to a “b” rating in a research report on Monday, March 27th. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $26.86.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. raised its position in TriNet Group by 1,275.3% in the fourth quarter. Macquarie Group Ltd. now owns 687,870 shares of the business services provider’s stock worth $17,623,000 after buying an additional 637,853 shares during the last quarter. Norges Bank purchased a new position in TriNet Group during the fourth quarter worth about $13,382,000. Wellington Management Group LLP raised its position in TriNet Group by 9.4% in the first quarter. Wellington Management Group LLP now owns 4,970,312 shares of the business services provider’s stock worth $143,643,000 after buying an additional 428,077 shares during the last quarter. Vanguard Group Inc. raised its position in TriNet Group by 11.0% in the first quarter. Vanguard Group Inc. now owns 4,228,957 shares of the business services provider’s stock worth $122,217,000 after buying an additional 418,005 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in TriNet Group during the first quarter worth about $6,194,000. 53.18% of the stock is currently owned by institutional investors.

About TriNet Group

TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as multi-state payroll processing and tax administration, employee benefits programs, including health insurance and retirement plans, workers’ compensation insurance and claims management, employment and benefit law compliance, and other services.

Insider Buying and Selling by Quarter for TriNet Group (NYSE:TNET)

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