BNP Paribas Financial Markets Cuts Holdings in Trimble Inc. (NASDAQ:TRMB)

BNP Paribas Financial Markets cut its holdings in Trimble Inc. (NASDAQ:TRMB) by 12.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,117 shares of the scientific and technical instruments company’s stock after selling 31,283 shares during the quarter. BNP Paribas Financial Markets owned 0.09% of Trimble worth $13,543,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRMB. GPS Wealth Strategies Group LLC grew its stake in shares of Trimble by 303.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 479 shares during the period. Blue Trust Inc. grew its position in Trimble by 96.0% during the second quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 313 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Trimble in the second quarter valued at about $48,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Trimble during the 3rd quarter valued at approximately $49,000. Finally, Cromwell Holdings LLC boosted its stake in shares of Trimble by 86.6% during the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after acquiring an additional 375 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Robert W. Baird lifted their price objective on Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Piper Sandler boosted their price objective on shares of Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Monday, November 25th. Oppenheimer reiterated an “outperform” rating and issued a $72.00 price target on shares of Trimble in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.40.

Trimble Stock Performance

NASDAQ:TRMB opened at $72.97 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07. The firm has a market cap of $17.82 billion, a PE ratio of 12.20, a P/E/G ratio of 3.12 and a beta of 1.49. The firm has a 50 day simple moving average of $65.05 and a 200-day simple moving average of $58.91. Trimble Inc. has a 1-year low of $45.61 and a 1-year high of $74.22.

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.