Schonfeld Strategic Advisors LLC Sells 252,402 Shares of Trimble Inc. (NASDAQ:TRMB)

Schonfeld Strategic Advisors LLC decreased its holdings in Trimble Inc. (NASDAQ:TRMB) by 81.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,427 shares of the scientific and technical instruments company’s stock after selling 252,402 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Trimble were worth $3,987,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Crowley Wealth Management Inc. purchased a new position in shares of Trimble in the 4th quarter worth approximately $28,000. Rialto Wealth Management LLC purchased a new position in Trimble during the fourth quarter worth $35,000. SBI Securities Co. Ltd. bought a new position in Trimble during the fourth quarter valued at $36,000. Larson Financial Group LLC raised its stake in shares of Trimble by 164.8% in the fourth quarter. Larson Financial Group LLC now owns 678 shares of the scientific and technical instruments company’s stock valued at $48,000 after acquiring an additional 422 shares during the period. Finally, Friedenthal Financial bought a new stake in shares of Trimble in the 4th quarter worth about $49,000. 93.21% of the stock is owned by institutional investors.

Trimble Stock Performance

NASDAQ TRMB opened at $64.59 on Friday. Trimble Inc. has a fifty-two week low of $48.65 and a fifty-two week high of $77.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.27. The firm has a market capitalization of $15.41 billion, a P/E ratio of 10.61, a PEG ratio of 3.09 and a beta of 1.57. The stock has a 50-day simple moving average of $64.32 and a two-hundred day simple moving average of $68.86.

Analyst Ratings Changes

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

Insider Buying and Selling at Trimble

In other Trimble news, VP Christopher F. Keating sold 5,709 shares of the firm’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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director James Calvin Dalton sold 2,141 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $71.79, for a total value of $153,702.39. Following the transaction, the director now directly owns 10,162 shares of the company’s stock, valued at approximately $729,529.98. The trade was a 17.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.

About Trimble

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.