XTX Topco Ltd Invests $2.36 Million in Trimble Inc. (NASDAQ:TRMB)

XTX Topco Ltd bought a new stake in Trimble Inc. (NASDAQ:TRMB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 38,036 shares of the scientific and technical instruments company’s stock, valued at approximately $2,362,000.

Other large investors have also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC raised its holdings in shares of Trimble by 303.2% in the second quarter. GPS Wealth Strategies Group LLC now owns 637 shares of the scientific and technical instruments company’s stock worth $36,000 after acquiring an additional 479 shares during the last quarter. Blue Trust Inc. raised its stake in 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 during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Trimble in the 2nd quarter valued at about $48,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Trimble during the 3rd quarter worth about $49,000. Finally, Cromwell Holdings LLC boosted its stake in shares of Trimble by 86.6% during the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after purchasing an additional 375 shares during the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Trimble from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $74.00 to $92.00 in a research note on Wednesday. Piper Sandler raised their price objective on Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Robert W. Baird increased their target price on Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.00.

Trimble Price Performance

Shares of Trimble stock opened at $74.86 on Friday. The business’s fifty day moving average price is $66.54 and its 200 day moving average price is $59.50. Trimble Inc. has a twelve month low of $46.06 and a twelve month high of $76.97. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $18.28 billion, a P/E ratio of 12.52, a PEG ratio of 3.22 and a beta of 1.53.

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.