Assenagon Asset Management S.A. Boosts Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Assenagon Asset Management S.A. boosted its position in Trimble Inc. (NASDAQ:TRMB) by 64.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 386,217 shares of the scientific and technical instruments company’s stock after purchasing an additional 151,029 shares during the period. Assenagon Asset Management S.A. owned about 0.16% of Trimble worth $20,547,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. IFP Advisors Inc lifted its stake in Trimble by 798.1% in the second quarter. IFP Advisors Inc now owns 467 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 415 shares during the last quarter. Clear Street Markets LLC raised its holdings in Trimble by 93.2% during the 1st quarter. Clear Street Markets LLC now owns 485 shares of the scientific and technical instruments company’s stock valued at $25,000 after acquiring an additional 234 shares during the period. Itau Unibanco Holding S.A. bought a new stake in Trimble during the 2nd quarter valued at $42,000. Operose Advisors LLC bought a new stake in Trimble during the 3rd quarter valued at $43,000. Finally, Belpointe Asset Management LLC raised its holdings in Trimble by 42.3% during the 1st quarter. Belpointe Asset Management LLC now owns 1,026 shares of the scientific and technical instruments company’s stock valued at $54,000 after acquiring an additional 305 shares during the period. Hedge funds and other institutional investors own 93.21% of the company’s stock.

Trimble Stock Down 0.2 %

Shares of NASDAQ:TRMB opened at $63.30 on Thursday. Trimble Inc. has a 52-week low of $39.57 and a 52-week high of $65.55. The firm has a fifty day moving average of $58.21 and a 200 day moving average of $52.05. The firm has a market capitalization of $15.55 billion, a PE ratio of 50.64, a price-to-earnings-growth ratio of 2.84 and a beta of 1.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.87 and a current ratio of 1.00.

Trimble (NASDAQ:TRMB) last posted its quarterly earnings results on Monday, February 12th. The scientific and technical instruments company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.05. Trimble had a net margin of 8.19% and a return on equity of 12.59%. The business had revenue of $932.40 million during the quarter, compared to analyst estimates of $908.43 million. During the same period in the prior year, the business posted $0.52 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. As a group, research analysts anticipate that Trimble Inc. will post 2.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Piper Sandler raised shares of Trimble from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $51.00 to $68.00 in a report on Tuesday, February 13th. JPMorgan Chase & Co. boosted their target price on shares of Trimble from $48.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Oppenheimer upped their price target on shares of Trimble from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Robert W. Baird upped their price target on shares of Trimble from $59.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, February 13th. Finally, StockNews.com cut shares of Trimble from a “buy” rating to a “hold” rating in a report on Saturday, February 10th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Trimble has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

Insider Buying and Selling at Trimble

In other Trimble news, CEO Robert G. Painter sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $54.75, for a total transaction of $136,875.00. Following the completion of the sale, the chief executive officer now directly owns 239,901 shares in the company, valued at $13,134,579.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Jennifer Allison sold 5,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $59.58, for a total transaction of $297,900.00. Following the completion of the sale, the vice president now directly owns 2,315 shares in the company, valued at $137,927.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert G. Painter sold 2,500 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $54.75, for a total transaction of $136,875.00. Following the sale, the chief executive officer now owns 239,901 shares of the company’s stock, valued at $13,134,579.75. The disclosure for this sale can be found here. Insiders sold a total of 14,146 shares of company stock worth $822,509 over the last three months. Company insiders own 0.61% of the company’s stock.

Trimble 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.