Securian Asset Management Inc. Has $927,000 Stake in Trimble Inc. (NASDAQ:TRMB)

Securian Asset Management Inc. lowered its position in Trimble Inc. (NASDAQ:TRMB) by 2.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,124 shares of the scientific and technical instruments company’s stock after selling 348 shares during the period. Securian Asset Management Inc.’s holdings in Trimble were worth $927,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TRMB. TimesSquare Capital Management LLC acquired a new position in shares of Trimble in the 4th quarter worth approximately $50,041,000. Charles Schwab Investment Management Inc. lifted its position in shares of Trimble by 49.1% in the 3rd 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 purchasing an additional 676,954 shares during the period. Sora Investors LLC acquired a new position in shares of Trimble during the 3rd quarter valued at $22,663,000. Principal Financial Group Inc. boosted its stake in Trimble by 73.1% during the fourth quarter. Principal Financial Group Inc. now owns 677,217 shares of the scientific and technical instruments company’s stock worth $47,852,000 after acquiring an additional 285,907 shares in the last quarter. Finally, Polar Asset Management Partners Inc. boosted its stake in Trimble by 607.8% during the third quarter. Polar Asset Management Partners Inc. now owns 261,900 shares of the scientific and technical instruments company’s stock worth $16,261,000 after acquiring an additional 224,900 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Robert W. Baird increased their target price on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Monday, December 16th. StockNews.com lowered shares of Trimble from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd. Finally, Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 target price on the stock in a research note on Thursday, February 20th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $86.00.

Trimble Stock Performance

Shares of TRMB stock opened at $69.39 on Friday. The firm has a 50-day moving average of $72.62 and a 200-day moving average of $67.93. The company has a market cap of $17.06 billion, a P/E ratio of 11.39, a P/E/G ratio of 3.09 and a beta of 1.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78.

Insider Activity

In other news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $71.79, for a total value of $153,702.39. Following the completion of the sale, the director now owns 10,162 shares in the company, valued at $729,529.98. This represents a 17.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of the stock in a transaction dated 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 owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. This represents a 53.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,421 shares of company stock worth $831,683 over the last quarter. Insiders own 0.47% of the company’s stock.

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.