Trimble Inc. (NASDAQ:TRMB) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 2.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 388,682 shares of the scientific and technical instruments company’s stock after selling 11,370 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.16% of Trimble worth $24,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC boosted its stake 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 buying an additional 479 shares during the last quarter. Blue Trust Inc. boosted its position 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 worth $36,000 after purchasing an additional 313 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Trimble during the 2nd quarter worth approximately $48,000. Catalyst Capital Advisors LLC purchased a new position in shares of Trimble during the 3rd quarter valued at approximately $49,000. Finally, Cromwell Holdings LLC lifted its stake in shares of Trimble by 86.6% in the 3rd quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock valued at $50,000 after purchasing an additional 375 shares during the period. 93.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRMB has been the subject of a number of recent analyst reports. StockNews.com raised shares of Trimble from a “hold” rating to a “buy” rating in a report on Sunday, November 17th. Piper Sandler upped their price target on Trimble from $73.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Oppenheimer restated 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. increased their target price on Trimble from $66.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Robert W. Baird boosted their price target on shares of Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $75.40.

Trimble Stock Up 1.2 %

Shares of TRMB opened at $72.32 on Friday. The stock has a 50 day moving average price of $63.66 and a 200 day moving average price of $58.35. Trimble Inc. has a one year low of $43.51 and a one year high of $74.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.16. The stock has a market capitalization of $17.66 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 2.98 and a beta of 1.49.

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.