Versant Capital Management Inc grew its position in shares of Trimble Inc. (NASDAQ:TRMB – Free Report) by 63.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,886 shares of the scientific and technical instruments company’s stock after acquiring an additional 731 shares during the period. Versant Capital Management Inc’s holdings in Trimble were worth $133,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in shares of Trimble by 1,387.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,847,921 shares of the scientific and technical instruments company’s stock valued at $215,176,000 after purchasing an additional 3,589,249 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Trimble by 2,035.1% in the second quarter. AQR Capital Management LLC now owns 1,146,995 shares of the scientific and technical instruments company’s stock worth $63,635,000 after buying an additional 1,093,275 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Trimble by 49.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,056,558 shares of the scientific and technical instruments company’s stock worth $127,692,000 after buying an additional 676,954 shares during the last quarter. Impax Asset Management Group plc boosted its stake in shares of Trimble by 18.7% during the 3rd quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock worth $169,978,000 after acquiring an additional 434,065 shares in the last quarter. Finally, Sora Investors LLC acquired a new position in shares of Trimble during the 3rd quarter valued at about $22,663,000. Institutional investors own 93.21% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. Robert W. Baird upped their price objective on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and raised their target price for the company from $74.00 to $92.00 in a research note on Wednesday, December 4th. Oppenheimer boosted their target price on shares of Trimble from $77.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Sanford C. Bernstein lifted their price objective on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $84.86.
Trimble Stock Up 1.2 %
Shares of TRMB opened at $70.57 on Friday. Trimble Inc. has a 52 week low of $48.60 and a 52 week high of $76.97. The firm has a market capitalization of $17.23 billion, a P/E ratio of 11.80, a P/E/G ratio of 3.15 and a beta of 1.52. The company has a 50-day simple moving average of $70.76 and a 200-day simple moving average of $61.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16.
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.
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