Assetmark Inc. Has $356,000 Holdings in Trimble Inc. (NASDAQ:TRMB)

Assetmark Inc. lessened its holdings in Trimble Inc. (NASDAQ:TRMB) by 76.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,740 shares of the scientific and technical instruments company’s stock after selling 19,135 shares during the quarter. Assetmark Inc.’s holdings in Trimble were worth $356,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TRMB. Victory Capital Management Inc. grew its stake in Trimble by 1,387.6% in the second quarter. Victory Capital Management Inc. now owns 3,847,921 shares of the scientific and technical instruments company’s stock valued at $215,176,000 after purchasing an additional 3,589,249 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Trimble by 7.0% in the second quarter. Thrivent Financial for Lutherans now owns 3,647,641 shares of the scientific and technical instruments company’s stock valued at $203,976,000 after buying an additional 239,673 shares in the last quarter. Impax Asset Management Group plc increased its holdings in Trimble by 18.7% during the third quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock worth $169,978,000 after buying an additional 434,065 shares during the last quarter. Lazard Asset Management LLC raised its position in Trimble by 25.4% during the first quarter. Lazard Asset Management LLC now owns 2,549,535 shares of the scientific and technical instruments company’s stock worth $164,087,000 after acquiring an additional 516,789 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Trimble by 24.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,839,180 shares of the scientific and technical instruments company’s stock valued at $102,842,000 after acquiring an additional 361,421 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TRMB shares. JPMorgan Chase & Co. raised their price objective on Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a research report on Sunday. Piper Sandler increased their price objective on shares of Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Robert W. Baird lifted their target price on shares of Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Oppenheimer reissued an “outperform” rating and issued a $72.00 price target on shares of Trimble in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and five 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 $75.40.

Trimble Stock Performance

Shares of NASDAQ:TRMB opened at $70.62 on Friday. Trimble Inc. has a 1 year low of $42.56 and a 1 year high of $74.22. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 3.11 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 company’s 50 day simple moving average is $62.12 and its 200 day simple moving average is $57.90.

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.