Trimble Inc. (NASDAQ:TRMB) Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 80.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,665 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,307 shares during the period. Vinva Investment Management Ltd’s holdings in Trimble were worth $681,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rialto Wealth Management LLC acquired a new stake in shares of Trimble in the 4th quarter worth $35,000. SBI Securities Co. Ltd. acquired a new stake in shares of Trimble in the 4th quarter worth $36,000. TD Private Client Wealth LLC lifted its stake in shares of Trimble by 722.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 592 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 520 shares during the period. Larson Financial Group LLC lifted its stake in shares of Trimble by 164.8% in the 4th quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock worth $48,000 after acquiring an additional 422 shares during the period. Finally, Friedenthal Financial acquired a new stake in shares of Trimble in the 4th quarter worth $49,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Trimble

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

Trimble Stock Performance

NASDAQ:TRMB opened at $70.54 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $72.52 and a two-hundred day moving average price of $68.35. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The company has a market capitalization of $17.34 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57.

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.