Riverpark Capital Management LLC lessened its holdings in Trimble Inc (NASDAQ:TRMB) by 14.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 244,822 shares of the scientific and technical instruments company’s stock after selling 42,638 shares during the period. Riverpark Capital Management LLC owned approximately 0.10% of Trimble worth $9,949,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the company. Robecosam AG lifted its stake in shares of Trimble by 39.4% in the 4th quarter. Robecosam AG now owns 356,913 shares of the scientific and technical instruments company’s stock valued at $14,623,000 after purchasing an additional 100,814 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new position in shares of Trimble in the 4th quarter valued at $921,000. Kendall Capital Management acquired a new position in Trimble during the 4th quarter worth about $612,000. Guggenheim Capital LLC lifted its stake in Trimble by 164.7% during the 4th quarter. Guggenheim Capital LLC now owns 139,170 shares of the scientific and technical instruments company’s stock worth $5,655,000 after acquiring an additional 86,586 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Trimble by 8.9% during the 4th quarter. Deutsche Bank AG now owns 1,147,072 shares of the scientific and technical instruments company’s stock worth $46,613,000 after acquiring an additional 94,075 shares in the last quarter. 90.00% of the stock is currently owned by institutional investors and hedge funds.
Shares of Trimble Inc (TRMB) opened at $39.45 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33. Trimble Inc has a 1-year low of $30.45 and a 1-year high of $45.70. The firm has a market capitalization of $9,794.11, a PE ratio of 83.94, a price-to-earnings-growth ratio of 2.34 and a beta of 2.41.
Trimble announced that its Board of Directors has authorized a stock buyback program on Wednesday, November 15th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the scientific and technical instruments company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
In other Trimble news, Director Mark S. Peek sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $39.80, for a total transaction of $398,000.00. Following the sale, the director now owns 35,000 shares in the company, valued at approximately $1,393,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Steven W. Berglund sold 200,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $39.66, for a total value of $7,932,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 471,946 shares of company stock worth $18,558,140. 1.40% of the stock is owned by company insiders.
Several research firms recently issued reports on TRMB. BidaskClub lowered Trimble from a “hold” rating to a “sell” rating in a research note on Saturday, February 24th. Zacks Investment Research raised Trimble from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. TheStreet lowered Trimble from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Finally, Oppenheimer set a $50.00 target price on Trimble and gave the stock a “buy” rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.10.
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Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.
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