Y Intercept Hong Kong Ltd Has $638,000 Stake in Trimble Inc. (NASDAQ:TRMB)

Y Intercept Hong Kong Ltd trimmed its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 70.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,027 shares of the scientific and technical instruments company’s stock after selling 21,262 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Trimble were worth $638,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. KBC Group NV increased its position in Trimble by 81.9% during the fourth quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company’s stock worth $11,279,000 after buying an additional 71,891 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Trimble by 18.4% during 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 acquiring an additional 60,752 shares during the period. JPMorgan Chase & Co. boosted its holdings in 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 acquiring an additional 136,452 shares during the period. Benjamin Edwards Inc. boosted 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 valued at $2,496,000 after acquiring an additional 17,424 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its holdings in Trimble by 768.5% during the third 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 acquiring an additional 132,467 shares during the period. 93.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TRMB shares. Robert W. Baird upped their price target on shares of Trimble from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Oppenheimer upped their price target on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, February 20th. Piper Sandler restated an “overweight” rating and set a $84.00 price target on shares of Trimble in a report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded shares of 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 report on Wednesday, December 4th. Finally, Sanford C. Bernstein increased their target price 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. Seven analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Trimble presently has an average rating of “Buy” and a consensus price target of $86.00.

Trimble Stock Up 1.8 %

NASDAQ TRMB opened at $71.98 on Friday. The stock has a market cap of $17.69 billion, a PE ratio of 11.82, a PEG 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. Trimble Inc. has a twelve month low of $48.65 and a twelve month high of $77.78. The firm has a 50-day simple moving average of $73.22 and a 200 day simple moving average of $66.97.

Insiders Place Their Bets

In other Trimble news, VP Jennifer Allison sold 3,571 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $74.75, for a total transaction of $266,932.25. Following the completion of the transaction, the vice president now owns 3,157 shares in the company, valued at $235,985.75. This trade represents a 53.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher F. Keating sold 5,709 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total transaction of $411,048.00. The disclosure for this sale can be found here. Insiders sold a total of 11,421 shares of company stock worth $831,683 over the last quarter. Company 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.