Los Angeles Capital Management LLC Grows Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

Los Angeles Capital Management LLC increased its position in TriNet Group, Inc. (NYSE:TNETFree Report) by 3.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 10,578 shares of the business services provider’s stock after buying an additional 329 shares during the quarter. Los Angeles Capital Management LLC’s holdings in TriNet Group were worth $1,232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TNET. Earnest Partners LLC purchased a new position in shares of TriNet Group in the second quarter valued at $105,758,000. Norges Bank acquired a new position in TriNet Group during the 4th quarter worth $34,685,000. Wellington Management Group LLP grew its holdings in TriNet Group by 11.4% during the 1st quarter. Wellington Management Group LLP now owns 4,190,526 shares of the business services provider’s stock worth $412,181,000 after acquiring an additional 430,430 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in TriNet Group by 991.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 440,910 shares of the business services provider’s stock worth $41,873,000 after acquiring an additional 400,511 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in TriNet Group during the 2nd quarter worth $16,781,000. 93.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on TNET shares. Stifel Nicolaus raised their price objective on shares of TriNet Group from $106.00 to $117.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. StockNews.com downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Wedbush restated an “outperform” rating on shares of TriNet Group in a research report on Thursday, October 26th. Needham & Company LLC restated a “buy” rating and issued a $135.00 price target on shares of TriNet Group in a research report on Thursday, October 26th. Finally, TheStreet downgraded shares of TriNet Group from a “b” rating to a “c+” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $107.86.

Read Our Latest Stock Analysis on TriNet Group

TriNet Group Trading Down 0.5 %

Shares of NYSE:TNET opened at $115.70 on Wednesday. TriNet Group, Inc. has a fifty-two week low of $73.66 and a fifty-two week high of $123.67. The company has a market cap of $5.84 billion, a PE ratio of 19.41 and a beta of 1.11. The company’s 50-day moving average price is $117.13 and its 200 day moving average price is $112.06. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 109.10.

Insiders Place Their Bets

In other TriNet Group news, CEO Burton M. Goldfield sold 1,226 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $107.68, for a total transaction of $132,015.68. Following the sale, the chief executive officer now directly owns 170,703 shares in the company, valued at approximately $18,381,299.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Burton M. Goldfield sold 1,226 shares of TriNet Group stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $107.68, for a total value of $132,015.68. Following the transaction, the chief executive officer now owns 170,703 shares of the company’s stock, valued at approximately $18,381,299.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Burton M. Goldfield sold 2,783 shares of TriNet Group stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $116.67, for a total transaction of $324,692.61. Following the completion of the transaction, the chief executive officer now directly owns 125,046 shares in the company, valued at approximately $14,589,116.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,429 shares of company stock worth $1,996,592. 40.60% of the stock is owned by corporate insiders.

TriNet Group Profile

(Free Report)

TriNet Group, Inc provides human resources (HR) consulting services, employee benefit options, payroll services, and employment risk mitigation services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.

See Also

Want to see what other hedge funds are holding TNET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TriNet Group, Inc. (NYSE:TNETFree Report).

Institutional Ownership by Quarter for TriNet Group (NYSE:TNET)

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