Trimble Inc. (NASDAQ:TRMB) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its position in Trimble Inc. (NASDAQ:TRMB) by 15.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 144,823 shares of the scientific and technical instruments company’s stock after purchasing an additional 19,050 shares during the quarter. Pictet Asset Management Holding SA owned about 0.06% of Trimble worth $10,233,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Trimble in the 4th quarter valued at approximately $190,391,000. Boston Partners increased its holdings in shares of Trimble by 217.3% during the fourth quarter. Boston Partners now owns 3,377,136 shares of the scientific and technical instruments company’s stock valued at $239,802,000 after purchasing an additional 2,312,937 shares during the period. TimesSquare Capital Management LLC bought a new stake in shares of Trimble during the fourth quarter valued at about $50,041,000. JPMorgan Chase & Co. lifted its holdings in Trimble by 69.4% in the fourth quarter. JPMorgan Chase & Co. now owns 1,271,403 shares of the scientific and technical instruments company’s stock worth $89,837,000 after purchasing an additional 520,980 shares during the period. Finally, Sora Investors LLC bought a new position in Trimble in the 3rd quarter valued at about $22,663,000. Institutional investors own 93.21% of the company’s stock.

Insider Activity at Trimble

In other news, VP Jennifer Allison sold 3,571 shares of the company’s 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 completion of the sale, the vice president now owns 3,157 shares in the company, valued at approximately $235,985.75. This represents a 53.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Christopher F. Keating sold 5,709 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $72.00, for a total value of $411,048.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,421 shares of company stock worth $831,683. 0.47% of the stock is owned by corporate insiders.

Trimble Stock Performance

Shares of TRMB opened at $66.51 on Thursday. The company has a 50-day moving average of $71.53 and a two-hundred day moving average of $69.14. The stock has a market cap of $16.35 billion, a price-to-earnings ratio of 10.92, a PEG 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.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. 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. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a research report on Thursday, February 20th. JPMorgan Chase & Co. raised Trimble from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $74.00 to $92.00 in a research note on Wednesday, December 4th. StockNews.com cut Trimble from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd. Finally, Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Monday, December 16th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $86.00.

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.