Marshall Wace LLP Invests $24.53 Million in Trimble Inc. (NASDAQ:TRMB)

Marshall Wace LLP purchased a new stake in shares of Trimble Inc. (NASDAQ:TRMB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 347,185 shares of the scientific and technical instruments company’s stock, valued at approximately $24,532,000.

Other institutional investors also recently bought and sold shares of the company. KBC Group NV raised its position in Trimble by 81.9% in the fourth quarter. KBC Group NV now owns 159,622 shares of the scientific and technical instruments company’s stock valued at $11,279,000 after purchasing an additional 71,891 shares during the period. JPMorgan Chase & Co. boosted its position in Trimble by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 750,423 shares of the scientific and technical instruments company’s stock valued at $46,594,000 after buying an additional 136,452 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Trimble by 5.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 376,368 shares of the scientific and technical instruments company’s stock valued at $26,560,000 after purchasing an additional 17,785 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Trimble by 32.4% in the 4th quarter. Wellington Management Group LLP now owns 22,360 shares of the scientific and technical instruments company’s stock valued at $1,580,000 after purchasing an additional 5,472 shares in the last quarter. Finally, Oak Thistle LLC acquired a new stake in Trimble in the fourth quarter valued at $406,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Price Performance

NASDAQ TRMB opened at $58.23 on Friday. The company has a 50-day moving average price of $66.79 and a two-hundred day moving average price of $68.93. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Trimble Inc. has a 52 week low of $48.65 and a 52 week high of $77.78.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TRMB shares. Oppenheimer upped their target price on shares of Trimble from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Cfra raised Trimble from a “buy” rating to a “strong-buy” rating and set a $92.00 price target on the stock in a research report on Thursday, February 20th. Finally, StockNews.com lowered shares of Trimble from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 3rd. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $86.00.

Insider Activity at Trimble

In related news, Director James Calvin Dalton sold 2,141 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $71.79, for a total transaction of $153,702.39. Following the transaction, the director now owns 10,162 shares in the company, valued at $729,529.98. This trade represents a 17.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher F. Keating sold 5,709 shares of the company’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 disclosure for this sale can be found here. 0.47% of the stock is owned by insiders.

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.