Trimble Inc (TRMB) Shares Sold by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can reduced its stake in Trimble Inc (NASDAQ:TRMB) by 9.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 232,064 shares of the scientific and technical instruments company’s stock after selling 23,262 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Trimble were worth $10,092,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Swiss National Bank raised its position in shares of Trimble by 1.6% in the 2nd quarter. Swiss National Bank now owns 821,700 shares of the scientific and technical instruments company’s stock valued at $26,985,000 after purchasing an additional 13,300 shares during the last quarter. IFM Investors Pty Ltd raised its position in shares of Trimble by 11.9% in the 3rd quarter. IFM Investors Pty Ltd now owns 14,130 shares of the scientific and technical instruments company’s stock valued at $614,000 after purchasing an additional 1,498 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Trimble by 151.6% in the 2nd quarter. Verition Fund Management LLC now owns 29,776 shares of the scientific and technical instruments company’s stock valued at $978,000 after purchasing an additional 17,942 shares during the last quarter. Natixis raised its position in shares of Trimble by 16.6% in the 2nd quarter. Natixis now owns 27,845 shares of the scientific and technical instruments company’s stock valued at $914,000 after purchasing an additional 3,968 shares during the last quarter. Finally, Penserra Capital Management LLC raised its position in shares of Trimble by 1,228.4% in the 3rd quarter. Penserra Capital Management LLC now owns 9,724 shares of the scientific and technical instruments company’s stock valued at $348,000 after purchasing an additional 8,992 shares during the last quarter. 90.27% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on TRMB shares. BidaskClub lowered shares of Trimble from a “hold” rating to a “sell” rating in a research report on Saturday, October 13th. Robert W. Baird increased their price objective on shares of Trimble from $44.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, November 2nd. ValuEngine raised shares of Trimble from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. Finally, Zacks Investment Research lowered shares of Trimble from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $44.20.

In related news, SVP Sachin Sankpal sold 3,151 shares of the stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $43.02, for a total value of $135,556.02. Following the transaction, the senior vice president now owns 17,997 shares in the company, valued at approximately $774,230.94. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Robert G. Painter sold 1,800 shares of the stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $35.43, for a total transaction of $63,774.00. Following the completion of the transaction, the chief financial officer now owns 22,114 shares in the company, valued at approximately $783,499.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,393 shares of company stock worth $880,463. 1.40% of the stock is owned by corporate insiders.

Shares of NASDAQ:TRMB opened at $36.92 on Friday. Trimble Inc has a twelve month low of $32.01 and a twelve month high of $45.70. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.79 and a current ratio of 1.08. The company has a market capitalization of $9.31 billion, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 2.12 and a beta of 2.42.

Trimble (NASDAQ:TRMB) last issued its quarterly earnings results on Thursday, November 1st. The scientific and technical instruments company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.03). Trimble had a return on equity of 16.21% and a net margin of 5.32%. The business had revenue of $804.70 million during the quarter, compared to analyst estimates of $806.12 million. During the same quarter last year, the company posted $0.39 EPS. Trimble’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, analysts forecast that Trimble Inc will post 1.67 earnings per share for the current year.

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Trimble Profile

Trimble Inc provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company operates in four segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; building information modeling software; integrated site layout and measurement systems; applications for sub-contractors and trades; integrated workplace management services software; capital program and facility management solutions; field based data collection systems; and communication systems and back-office software.

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Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

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