Axxcess Wealth Management LLC Makes New $212,000 Investment in Trimble Inc. (NASDAQ:TRMB)

Axxcess Wealth Management LLC purchased a new position in shares of Trimble Inc. (NASDAQ:TRMB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,000 shares of the scientific and technical instruments company’s stock, valued at approximately $212,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cibc World Markets Corp boosted its position in Trimble by 16.3% during the 4th quarter. Cibc World Markets Corp now owns 38,559 shares of the scientific and technical instruments company’s stock worth $2,725,000 after acquiring an additional 5,406 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Trimble by 59.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,378 shares of the scientific and technical instruments company’s stock valued at $380,000 after buying an additional 2,009 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Trimble by 2.3% in the fourth quarter. Natixis Advisors LLC now owns 41,584 shares of the scientific and technical instruments company’s stock valued at $2,938,000 after buying an additional 943 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of Trimble by 8.1% in the fourth quarter. First Eagle Investment Management LLC now owns 3,995 shares of the scientific and technical instruments company’s stock valued at $282,000 after buying an additional 300 shares during the period. Finally, LBP AM SA lifted its holdings in shares of Trimble by 101.9% in the fourth quarter. LBP AM SA now owns 74,931 shares of the scientific and technical instruments company’s stock valued at $5,295,000 after buying an additional 37,811 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Insider Buying and Selling at Trimble

In other news, Director James Calvin Dalton sold 2,141 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the transaction, the director now owns 10,162 shares in the company, valued at $729,529.98. This represents a 17.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of Trimble stock in a transaction on 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 sale, the vice president now directly owns 3,157 shares of the company’s stock, valued at approximately $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 11,421 shares of company stock worth $831,683 over the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

Trimble Trading Down 0.2 %

Trimble stock opened at $70.54 on Friday. Trimble Inc. has a 12 month low of $48.65 and a 12 month 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. The stock has a market cap of $17.34 billion, a P/E ratio of 11.58, a P/E/G ratio of 3.09 and a beta of 1.57. The company’s fifty day simple moving average is $72.52 and its 200-day simple moving average is $68.44.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com lowered Trimble from a “strong-buy” rating to a “buy” rating in a report on Monday, March 3rd. Cfra upgraded Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a report on Thursday, February 20th. Wolfe Research raised Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 target price on the stock in a research report on Monday, December 16th. Sanford C. Bernstein lifted their price target on Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $84.00 price objective on shares of Trimble in a research note on Wednesday, December 11th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $86.00.

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.