Tidal Investments LLC Sells 22,778 Shares of Trimble Inc. (NASDAQ:TRMB)

Tidal Investments LLC decreased its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 51.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,913 shares of the scientific and technical instruments company’s stock after selling 22,778 shares during the period. Tidal Investments LLC’s holdings in Trimble were worth $1,361,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its holdings in shares of Trimble by 1,387.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,847,921 shares of the scientific and technical instruments company’s stock worth $215,176,000 after buying an additional 3,589,249 shares in the last quarter. AQR Capital Management LLC raised its stake in Trimble by 2,035.1% during the second quarter. AQR Capital Management LLC now owns 1,146,995 shares of the scientific and technical instruments company’s stock worth $63,635,000 after acquiring an additional 1,093,275 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Trimble by 49.1% during the third 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 acquiring an additional 676,954 shares during the period. Impax Asset Management Group plc boosted its stake in shares of 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 in the last quarter. Finally, Sora Investors LLC bought a new stake in shares of Trimble in the 3rd quarter worth about $22,663,000. 93.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Wolfe Research raised shares of Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price target for the company in a report on Monday. Piper Sandler reiterated an “overweight” rating and issued a $84.00 target price on shares of Trimble in a research note 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 research report on Wednesday, December 4th. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Finally, Oppenheimer increased their target price on Trimble from $77.00 to $88.00 and gave the stock 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, the stock presently has an average rating of “Buy” and an average target price of $84.86.

Trimble Stock Down 3.0 %

NASDAQ TRMB opened at $70.69 on Thursday. The stock has a market capitalization of $17.26 billion, a P/E ratio of 11.82, a price-to-earnings-growth ratio of 3.15 and a beta of 1.53. Trimble Inc. has a 52 week low of $48.60 and a 52 week high of $76.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. The stock has a fifty day moving average of $68.43 and a 200-day moving average of $60.48.

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.