Mizuho Securities USA LLC Buys 7,309 Shares of Trimble Inc. (NASDAQ:TRMB)

Mizuho Securities USA LLC grew its position in Trimble Inc. (NASDAQ:TRMB) by 46.2% in the fourth quarter, Holdings Channel reports. The fund owned 23,145 shares of the scientific and technical instruments company’s stock after acquiring an additional 7,309 shares during the quarter. Mizuho Securities USA LLC’s holdings in Trimble were worth $1,635,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. KBC Group NV raised its position in 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 purchasing an additional 71,891 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Trimble by 22.2% in the 3rd 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. boosted its position in Trimble by 76.5% during the 3rd 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 during the period. Worldquant Millennium Advisors LLC grew its holdings in Trimble by 768.5% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company’s stock worth $9,295,000 after acquiring an additional 132,467 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in 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 valued at $127,692,000 after acquiring an additional 676,954 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Cfra upgraded shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a report on Thursday, February 20th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and upped their price target for the company from $74.00 to $92.00 in a research report on Wednesday, December 4th. Sanford C. Bernstein raised their price objective on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Robert W. Baird upped their target price on Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Wolfe Research upgraded shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $86.00.

Insider Buying and Selling

In related news, Director James Calvin Dalton sold 2,141 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total transaction of $153,702.39. Following the transaction, the director now directly owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. This represents a 17.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $74.75, for a total value of $266,932.25. Following the completion of the sale, the vice president now directly owns 3,157 shares of the company’s stock, valued at $235,985.75. This trade represents a 53.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,421 shares of company stock valued at $831,683 over the last ninety days. 0.47% of the stock is owned by corporate insiders.

Trimble Price Performance

Trimble stock opened at $70.48 on Wednesday. The stock has a market capitalization of $17.32 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 3.09 and a beta of 1.57. Trimble Inc. has a 52-week low of $48.65 and a 52-week high of $77.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. The stock’s 50 day moving average price is $72.53 and its two-hundred day moving average price is $68.76.

Trimble Company 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.