Proficio Capital Partners LLC Purchases Shares of 69,883 Trimble Inc. (NASDAQ:TRMB)

Proficio Capital Partners LLC purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the 4th quarter, Holdings Channel.com reports. The fund purchased 69,883 shares of the scientific and technical instruments company’s stock, valued at approximately $4,938,000.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of Trimble by 0.7% in the third quarter. Geode Capital Management LLC now owns 5,898,092 shares of the scientific and technical instruments company’s stock worth $364,984,000 after buying an additional 39,069 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Trimble by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 5,665,332 shares of the scientific and technical instruments company’s stock worth $400,312,000 after buying an additional 222,679 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Trimble by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,080,628 shares of the scientific and technical instruments company’s stock worth $147,017,000 after buying an additional 24,070 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Trimble by 22.2% in the third quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company’s stock worth $46,594,000 after buying an additional 136,452 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Trimble by 4.3% in the third quarter. Barclays PLC now owns 743,319 shares of the scientific and technical instruments company’s stock worth $46,151,000 after buying an additional 30,457 shares in the last quarter. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Monday, December 16th. Sanford C. Bernstein boosted their price target on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Piper Sandler restated an “overweight” rating and issued a $84.00 price target on shares of Trimble in a research report on Wednesday, December 11th. Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a research report on Thursday, February 20th. Finally, StockNews.com cut shares of Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday, March 3rd. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $86.00.

Insider Activity

In other news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the sale, the vice president now directly owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Calvin Dalton sold 2,141 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the sale, the director now directly owns 10,162 shares of the company’s stock, valued at $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is currently owned by company insiders.

Trimble Trading Up 4.5 %

TRMB stock opened at $69.39 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The firm’s fifty day simple moving average is $72.62 and its two-hundred day simple moving average is $68.02.

Trimble Company Profile

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.