Holocene Advisors LP Buys 92,373 Shares of Trimble Inc. (NASDAQ:TRMB)

Holocene Advisors LP grew its position in shares of Trimble Inc. (NASDAQ:TRMB) by 157.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 151,040 shares of the scientific and technical instruments company’s stock after purchasing an additional 92,373 shares during the quarter. Holocene Advisors LP owned about 0.06% of Trimble worth $9,378,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. GPS Wealth Strategies Group LLC lifted its position in Trimble by 303.2% in the second quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 479 shares during the last quarter. Blue Trust Inc. raised its stake in Trimble by 96.0% during the 2nd quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 313 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Trimble during the 2nd quarter valued at approximately $48,000. Catalyst Capital Advisors LLC purchased a new position in Trimble during the 3rd quarter valued at approximately $49,000. Finally, Cromwell Holdings LLC boosted its holdings in shares of Trimble by 86.6% in the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after purchasing an additional 375 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Robert W. Baird raised their target price on Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. StockNews.com cut Trimble from a “buy” rating to a “hold” rating in a research report on Tuesday. Oppenheimer restated an “outperform” rating and issued a $72.00 price target on shares of Trimble in a report on Wednesday, August 7th. Finally, Piper Sandler increased their price target on Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $75.40.

Trimble Stock Performance

NASDAQ:TRMB opened at $73.95 on Wednesday. The company has a market cap of $18.06 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 3.13 and a beta of 1.53. The firm’s 50-day moving average is $65.35 and its 200-day moving average is $59.03. Trimble Inc. has a 52-week low of $45.61 and a 52-week high of $74.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16.

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.