GAMMA Investing LLC Purchases 1,318 Shares of Trimble Inc. (NASDAQ:TRMB)

GAMMA Investing LLC grew its position in Trimble Inc. (NASDAQ:TRMB) by 45.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,216 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,318 shares during the quarter. GAMMA Investing LLC’s holdings in Trimble were worth $298,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in Trimble by 18.4% during the 3rd quarter. Principal Financial Group Inc. now owns 391,310 shares of the scientific and technical instruments company’s stock worth $24,296,000 after acquiring an additional 60,752 shares during the period. Magnetar Financial LLC bought a new stake in Trimble in the second quarter worth approximately $1,752,000. Benjamin Edwards Inc. lifted its stake in Trimble by 76.5% in the third quarter. Benjamin Edwards Inc. now owns 40,193 shares of the scientific and technical instruments company’s stock valued at $2,496,000 after buying an additional 17,424 shares during the period. Worldquant Millennium Advisors LLC boosted its holdings in shares of 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 buying an additional 132,467 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Trimble by 41.4% during the 3rd quarter. Victory Capital Management Inc. now owns 5,442,653 shares of the scientific and technical instruments company’s stock worth $337,934,000 after buying an additional 1,594,732 shares during the period. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Up 0.8 %

Shares of NASDAQ:TRMB opened at $71.10 on Tuesday. The business’s 50 day moving average is $70.95 and its 200 day moving average is $61.97. Trimble Inc. has a 12-month low of $48.60 and a 12-month high of $76.97. The stock has a market cap of $17.36 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 3.15 and a beta of 1.52. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.24.

Analysts Set New Price Targets

TRMB has been the topic of a number of research reports. StockNews.com upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. 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 research report on Monday, December 16th. Oppenheimer boosted their target price on Trimble from $77.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded Trimble from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Finally, Sanford C. Bernstein boosted their price objective 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, Based on data from MarketBeat.com, Trimble presently has an average rating of “Buy” and a consensus target price of $84.86.

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.