Natixis Advisors LLC Reduces Position in Trimble Inc. (NASDAQ:TRMB)

Natixis Advisors LLC trimmed its position in Trimble Inc. (NASDAQ:TRMB) by 55.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,641 shares of the scientific and technical instruments company’s stock after selling 50,133 shares during the period. Natixis Advisors LLC’s holdings in Trimble were worth $2,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC grew its position in Trimble by 303.2% during the second quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 479 shares during the period. Blue Trust Inc. increased its stake in shares of Trimble by 96.0% in the 2nd quarter. Blue Trust Inc. now owns 639 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 313 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Trimble in the 2nd quarter worth about $48,000. Catalyst Capital Advisors LLC purchased a new position in Trimble during the third quarter worth approximately $49,000. Finally, Cromwell Holdings LLC grew its holdings in Trimble by 86.6% in the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after purchasing an additional 375 shares during the period. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TRMB. Oppenheimer reissued an “outperform” rating and issued a $72.00 price target on shares of Trimble in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price target on shares of Trimble from $66.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a report on Sunday, November 17th. Robert W. Baird increased their target price on Trimble from $66.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Piper Sandler boosted their price target on Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Trimble has an average rating of “Moderate Buy” and an average target price of $75.40.

Trimble Stock Performance

NASDAQ TRMB opened at $72.32 on Monday. 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’s fifty day moving average is $63.66 and its two-hundred day moving average is $58.37. The firm has a market capitalization of $17.66 billion, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 3.05 and a beta of 1.49. Trimble Inc. has a fifty-two week low of $43.51 and a fifty-two week high of $74.22.

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.