Atria Investments Inc Sells 587 Shares of Trimble Inc. (NASDAQ:TRMB)

Atria Investments Inc decreased its position in shares of Trimble Inc. (NASDAQ:TRMB) by 14.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,485 shares of the scientific and technical instruments company’s stock after selling 587 shares during the quarter. Atria Investments Inc’s holdings in Trimble were worth $216,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TRMB. Farrow Financial Inc. grew its position in Trimble by 0.5% in the 3rd quarter. Farrow Financial Inc. now owns 39,062 shares of the scientific and technical instruments company’s stock valued at $2,425,000 after purchasing an additional 192 shares during the period. SVB Wealth LLC grew its holdings in shares of Trimble by 4.8% during the first quarter. SVB Wealth LLC now owns 4,445 shares of the scientific and technical instruments company’s stock valued at $286,000 after buying an additional 204 shares during the last quarter. Profund Advisors LLC grew its holdings in shares of Trimble by 4.6% during the second quarter. Profund Advisors LLC now owns 4,937 shares of the scientific and technical instruments company’s stock valued at $276,000 after buying an additional 219 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Trimble by 5.8% during the third quarter. Sequoia Financial Advisors LLC now owns 3,981 shares of the scientific and technical instruments company’s stock worth $247,000 after acquiring an additional 219 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Trimble by 4.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 5,666 shares of the scientific and technical instruments company’s stock worth $352,000 after acquiring an additional 237 shares during the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on TRMB. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th. Robert W. Baird lifted their target price on Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. increased their price target on Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Piper Sandler raised their price objective on Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $72.00 target price on shares of Trimble in a research note on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Trimble currently has an average rating of “Moderate Buy” and a consensus price target of $75.40.

Trimble Stock Performance

Shares of TRMB opened at $72.32 on Friday. The stock has a 50 day moving average of $63.66 and a 200 day moving average of $58.36. The company has a market capitalization of $17.66 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 3.05 and a beta of 1.49. Trimble Inc. has a 12 month low of $43.51 and a 12 month high of $74.22. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.

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.