Creative Planning raised its stake in shares of TriNet Group, Inc. (NYSE:TNET – Free Report) by 25.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,456 shares of the business services provider’s stock after purchasing an additional 899 shares during the quarter. Creative Planning’s holdings in TriNet Group were worth $432,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Rothschild Investment LLC acquired a new stake in shares of TriNet Group in the second quarter worth $45,000. Blue Trust Inc. boosted its stake in TriNet Group by 24.9% during the second quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock worth $52,000 after buying an additional 104 shares in the last quarter. Avion Wealth boosted its stake in TriNet Group by 19.2% during the second quarter. Avion Wealth now owns 800 shares of the business services provider’s stock worth $80,000 after buying an additional 129 shares in the last quarter. LRI Investments LLC acquired a new stake in TriNet Group during the first quarter worth $81,000. Finally, Headlands Technologies LLC acquired a new stake in TriNet Group during the second quarter worth $93,000. Institutional investors and hedge funds own 96.81% of the company’s stock.
TriNet Group Stock Up 11.0 %
Shares of NYSE TNET opened at $93.08 on Thursday. The stock has a market cap of $4.61 billion, a PE ratio of 17.93 and a beta of 1.20. The business has a fifty day moving average of $94.53 and a two-hundred day moving average of $100.29. TriNet Group, Inc. has a 52-week low of $74.32 and a 52-week high of $134.67. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.07 and a current ratio of 1.07.
TriNet Group Announces Dividend
Insider Buying and Selling at TriNet Group
In related news, CFO Kelly L. Tuminelli sold 4,683 shares of TriNet Group stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the completion of the transaction, the chief financial officer now directly owns 82,409 shares of the company’s stock, valued at $8,484,830.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Kelly L. Tuminelli sold 4,683 shares of TriNet Group stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the completion of the transaction, the chief financial officer now directly owns 82,409 shares of the company’s stock, valued at $8,484,830.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total value of $32,336.25. Following the completion of the transaction, the director now directly owns 37,591 shares of the company’s stock, valued at $3,241,471.93. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 37.10% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the stock. TD Cowen decreased their price target on shares of TriNet Group from $110.00 to $92.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Needham & Company LLC downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $103.00 price target on shares of TriNet Group in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $113.20.
Get Our Latest Research Report on TNET
About TriNet Group
TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.
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