Alliancebernstein L.P. Purchases 71,119 Shares of Trimble Inc. (NASDAQ:TRMB)

Alliancebernstein L.P. boosted its position in shares of Trimble Inc. (NASDAQ:TRMB) by 20.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 415,830 shares of the scientific and technical instruments company’s stock after purchasing an additional 71,119 shares during the period. Alliancebernstein L.P.’s holdings in Trimble were worth $29,383,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TRMB. Public Sector Pension Investment Board increased its holdings in Trimble by 12.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 10,584 shares of the scientific and technical instruments company’s stock valued at $657,000 after purchasing an additional 1,200 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Trimble by 2.9% during the 3rd quarter. Janus Henderson Group PLC now owns 60,905 shares of the scientific and technical instruments company’s stock worth $3,782,000 after buying an additional 1,744 shares in the last quarter. Investment Management Corp of Ontario boosted its position in Trimble by 45.1% in the 3rd quarter. Investment Management Corp of Ontario now owns 8,040 shares of the scientific and technical instruments company’s stock valued at $499,000 after buying an additional 2,500 shares during the last quarter. Worldquant Millennium Advisors LLC increased its stake in shares of Trimble by 768.5% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 149,705 shares of the scientific and technical instruments company’s stock valued at $9,295,000 after buying an additional 132,467 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Trimble by 3.4% during the third quarter. Wellington Management Group LLP now owns 16,888 shares of the scientific and technical instruments company’s stock worth $1,049,000 after acquiring an additional 551 shares during the last quarter. 93.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Trimble

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $72.00, for a total value of $411,048.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Jennifer Allison sold 3,571 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $74.75, for a total value of $266,932.25. Following the transaction, the vice president now directly owns 3,157 shares of the company’s stock, valued at approximately $235,985.75. This trade represents a 53.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,421 shares of company stock valued at $831,683. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TRMB shares. Wolfe Research upgraded Trimble from a “peer perform” rating to an “outperform” rating and set a $90.00 price objective for the company in a research report on Monday, December 16th. StockNews.com downgraded shares of Trimble from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd. Sanford C. Bernstein lifted their target price on shares of Trimble from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Oppenheimer increased their price target on Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. 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 investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $86.00.

Trimble Trading Down 6.3 %

NASDAQ:TRMB opened at $56.51 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.27 and a quick ratio of 1.07. The business’s 50-day simple moving average is $70.76 and its 200-day simple moving average is $69.22. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The stock has a market capitalization of $13.89 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57.

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.