Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 26,900 Shares of Trimble Inc. (NASDAQ:TRMB)

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its position in shares of Trimble Inc. (NASDAQ:TRMB) by 33.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 54,380 shares of the scientific and technical instruments company’s stock after selling 26,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Trimble were worth $3,842,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TRMB. SYM FINANCIAL Corp raised its position in Trimble by 4.4% in the 4th quarter. SYM FINANCIAL Corp now owns 4,099 shares of the scientific and technical instruments company’s stock worth $290,000 after purchasing an additional 172 shares during the period. Apollon Wealth Management LLC grew its stake in shares of Trimble by 5.5% during the fourth quarter. Apollon Wealth Management LLC now owns 3,577 shares of the scientific and technical instruments company’s stock valued at $253,000 after buying an additional 188 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Trimble by 3.4% in the third quarter. Empowered Funds LLC now owns 5,802 shares of the scientific and technical instruments company’s stock worth $360,000 after buying an additional 193 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Trimble by 5.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock worth $247,000 after acquiring an additional 219 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Trimble by 4.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company’s stock valued at $352,000 after acquiring an additional 237 shares during the period. 93.21% of the stock is owned by hedge funds and other institutional investors.

Trimble Trading Up 0.6 %

NASDAQ:TRMB opened at $71.36 on Wednesday. The firm has a 50-day simple moving average of $73.20 and a 200-day simple moving average of $66.77. Trimble Inc. has a one year low of $48.65 and a one year high of $77.78. The firm has a market cap of $17.54 billion, a P/E ratio of 11.72, a P/E/G ratio of 3.09 and a beta of 1.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27.

Analyst Ratings Changes

A number of analysts have weighed in on TRMB shares. StockNews.com upgraded Trimble from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 20th. Cfra raised shares of Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a research note on Thursday, February 20th. Oppenheimer boosted their price objective on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. Robert W. Baird raised their target price on shares of Trimble from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Sanford C. Bernstein boosted their price target on Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Seven equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $86.00.

Insider Activity at Trimble

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $74.75, for a total transaction of $266,932.25. Following the sale, the vice president now owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

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.