ArrowMark Colorado Holdings LLC Sells 743,138 Shares of Trimble Inc. (NASDAQ:TRMB)

ArrowMark Colorado Holdings LLC lessened its holdings in Trimble Inc. (NASDAQ:TRMB) by 18.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,254,807 shares of the scientific and technical instruments company’s stock after selling 743,138 shares during the period. Trimble makes up 2.6% of ArrowMark Colorado Holdings LLC’s portfolio, making the stock its 3rd biggest position. ArrowMark Colorado Holdings LLC owned about 1.33% of Trimble worth $202,091,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its holdings in shares of Trimble by 26.6% in the 1st quarter. Janus Henderson Group PLC now owns 59,750 shares of the scientific and technical instruments company’s stock worth $3,845,000 after purchasing an additional 12,555 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in Trimble by 18.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,724 shares of the scientific and technical instruments company’s stock valued at $304,000 after acquiring an additional 725 shares in the last quarter. Cetera Advisors LLC grew its stake in shares of Trimble by 27.0% during the first quarter. Cetera Advisors LLC now owns 4,951 shares of the scientific and technical instruments company’s stock valued at $319,000 after purchasing an additional 1,052 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Trimble by 106.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,281 shares of the scientific and technical instruments company’s stock valued at $197,000 after purchasing an additional 1,691 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Trimble by 19.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,212 shares of the scientific and technical instruments company’s stock worth $124,000 after buying an additional 354 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Trimble Stock Up 0.7 %

Shares of Trimble stock opened at $72.97 on Monday. The company has a market capitalization of $17.82 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 3.12 and a beta of 1.49. 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 business has a 50-day moving average of $65.05 and a two-hundred day moving average of $58.91. Trimble Inc. has a 1 year low of $45.61 and a 1 year high of $74.22.

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.