69,883 Shares in Trimble Inc. (NASDAQ:TRMB) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB) in the fourth quarter, Holdings Channel.com reports. The firm purchased 69,883 shares of the scientific and technical instruments company’s stock, valued at approximately $4,938,000.

A number of other hedge funds have also added to or reduced their stakes in TRMB. Mn Services Vermogensbeheer B.V. raised its stake in shares of Trimble by 2.1% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 99,866 shares of the scientific and technical instruments company’s stock worth $7,057,000 after purchasing an additional 2,100 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in Trimble by 43.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 22,222 shares of the scientific and technical instruments company’s stock worth $1,570,000 after buying an additional 6,699 shares in the last quarter. Horizon Advisory Services Inc. purchased a new stake in Trimble in the 4th quarter valued at $353,000. Ieq Capital LLC lifted its stake in Trimble by 77.9% during the 4th quarter. Ieq Capital LLC now owns 43,223 shares of the scientific and technical instruments company’s stock valued at $3,054,000 after acquiring an additional 18,921 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC boosted its holdings in Trimble by 1,000.0% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 53,902 shares of the scientific and technical instruments company’s stock worth $3,809,000 after acquiring an additional 49,002 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Trimble Price Performance

Trimble stock opened at $69.68 on Tuesday. 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 business’s 50 day simple moving average is $73.19 and its 200 day simple moving average is $67.27. Trimble Inc. has a 12 month low of $48.65 and a 12 month high of $77.78. The company has a market cap of $17.13 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 3.09 and a beta of 1.53.

Insider Activity

In related news, VP Jennifer Allison sold 3,571 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the sale, the vice president now directly owns 3,157 shares in the company, valued at approximately $235,985.75. The trade was a 53.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. Insiders have sold 11,421 shares of company stock valued at $831,683 in the last 90 days. Insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

TRMB has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded shares of Trimble from a “neutral” rating to an “overweight” rating and increased their target price for the company from $74.00 to $92.00 in a report on Wednesday, December 4th. Sanford C. Bernstein increased 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. Wolfe Research upgraded 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. Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target for the company in a research report on Thursday, February 20th. Finally, Piper Sandler reiterated an “overweight” rating and set a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Trimble presently has an average rating of “Buy” and a consensus target price of $86.00.

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.