Zurcher Kantonalbank Zurich Cantonalbank Sells 198,121 Shares of Trimble Inc. (NASDAQ:TRMB)

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in Trimble Inc. (NASDAQ:TRMB) by 60.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,583 shares of the scientific and technical instruments company’s stock after selling 198,121 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.05% of Trimble worth $7,922,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Janus Henderson Group PLC grew its stake in shares of Trimble by 26.6% during the first quarter. Janus Henderson Group PLC now owns 59,750 shares of the scientific and technical instruments company’s stock valued at $3,845,000 after buying an additional 12,555 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in Trimble by 18.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,724 shares of the scientific and technical instruments company’s stock worth $304,000 after purchasing an additional 725 shares during the period. Cetera Advisors LLC lifted its position in shares of Trimble by 27.0% during the first quarter. Cetera Advisors LLC now owns 4,951 shares of the scientific and technical instruments company’s stock worth $319,000 after purchasing an additional 1,052 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Trimble by 106.4% during the first quarter. EverSource Wealth Advisors LLC now owns 3,281 shares of the scientific and technical instruments company’s stock valued at $197,000 after purchasing an additional 1,691 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Trimble by 19.1% in the second quarter. GAMMA Investing LLC now owns 2,212 shares of the scientific and technical instruments company’s stock worth $124,000 after purchasing an additional 354 shares during the last quarter. 93.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Oppenheimer reissued an “outperform” rating and issued a $72.00 price objective on shares of Trimble in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a report on Monday, November 25th. Robert W. Baird upped their target price on Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Piper Sandler raised their price target on Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.40.

Trimble Stock Up 0.7 %

Shares of NASDAQ TRMB opened at $72.97 on Monday. The stock has a market capitalization of $17.82 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 3.12 and a beta of 1.49. 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 Inc. has a 12-month low of $45.61 and a 12-month high of $74.22. The stock’s fifty day simple moving average is $65.05 and its two-hundred day simple moving average is $58.91.

Trimble Company 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.