Geneva Capital Management LLC Sells 13,230 Shares of Trimble Inc. (NASDAQ:TRMB)

Geneva Capital Management LLC cut its holdings in Trimble Inc. (NASDAQ:TRMB) by 11.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 104,945 shares of the scientific and technical instruments company’s stock after selling 13,230 shares during the period. Geneva Capital Management LLC’s holdings in Trimble were worth $7,415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TRMB. Victory Capital Management Inc. boosted its holdings in Trimble by 41.4% in 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. TimesSquare Capital Management LLC bought a new position in Trimble in the 4th quarter valued at $50,041,000. Charles Schwab Investment Management Inc. boosted its holdings 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 purchasing an additional 676,954 shares during the period. Impax Asset Management Group plc boosted its holdings in Trimble by 18.7% in the 3rd quarter. Impax Asset Management Group plc now owns 2,755,576 shares of the scientific and technical instruments company’s stock valued at $169,978,000 after purchasing an additional 434,065 shares during the period. Finally, Sora Investors LLC bought a new position in Trimble in the 3rd quarter valued at $22,663,000. 93.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Trimble news, Director James Calvin Dalton sold 2,141 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were 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 in the company, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jennifer Allison sold 3,571 shares of the business’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. The trade was 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 worth $831,683 in the last 90 days. 0.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on TRMB shares. Sanford C. Bernstein raised their price target on shares of Trimble from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. StockNews.com downgraded shares of Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday. Oppenheimer raised 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. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $74.00 to $92.00 in a report on Wednesday, December 4th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Trimble presently has a consensus rating of “Buy” and a consensus price target of $86.00.

Trimble Price Performance

Shares of NASDAQ:TRMB opened at $69.49 on Thursday. The stock has a market cap of $17.08 billion, a PE ratio of 11.41, a PEG ratio of 3.09 and a beta of 1.53. The company’s fifty day moving average is $73.12 and its 200 day moving average is $67.37. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78. 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 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.