Plato Investment Management Ltd Has $333,000 Stake in Trimble Inc. (NASDAQ:TRMB)

Plato Investment Management Ltd boosted its holdings in Trimble Inc. (NASDAQ:TRMB) by 66,928.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,692 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,685 shares during the quarter. Plato Investment Management Ltd’s holdings in Trimble were worth $333,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRMB. KBC Group NV lifted its stake in shares of Trimble by 81.9% in the fourth quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company’s stock valued at $11,279,000 after buying an additional 71,891 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Trimble by 18.4% in the third quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock valued at $24,296,000 after purchasing an additional 60,752 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Trimble by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company’s stock valued at $46,594,000 after buying an additional 136,452 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in Trimble by 76.5% during the third quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company’s stock worth $2,496,000 after buying an additional 17,424 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC raised its position in Trimble by 768.5% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company’s stock valued at $9,295,000 after buying an additional 132,467 shares during the last quarter. Institutional investors own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TRMB shares. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a report on Monday, December 16th. Oppenheimer boosted their price target on shares of Trimble from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. StockNews.com downgraded shares of Trimble from a “strong-buy” rating to a “buy” rating in a research report on Monday. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $74.00 to $92.00 in a research report on Wednesday, December 4th. Finally, Sanford C. Bernstein upped their target price on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating 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 stock. Based on data from MarketBeat, Trimble presently has an average rating of “Buy” and a consensus price target of $86.00.

Trimble Stock Down 1.8 %

Trimble stock opened at $68.45 on Wednesday. The firm has a 50 day moving average price of $73.19 and a 200-day moving average price of $67.27. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.24. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The company has a market capitalization of $16.82 billion, a P/E ratio of 11.24, a P/E/G ratio of 3.09 and a beta of 1.53.

Insider Activity at Trimble

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

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.