ArrowMark Colorado Holdings LLC Has $202.09 Million Stock Position in Trimble Inc. (NASDAQ:TRMB)

ArrowMark Colorado Holdings LLC lowered its holdings in shares of Trimble Inc. (NASDAQ:TRMB) by 18.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 3,254,807 shares of the scientific and technical instruments company’s stock after selling 743,138 shares during the period. Trimble accounts for approximately 2.6% of ArrowMark Colorado Holdings LLC’s holdings, making the stock its 3rd largest position. ArrowMark Colorado Holdings LLC’s holdings in Trimble were worth $202,091,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC boosted its stake in shares of Trimble by 303.2% during the 2nd 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 period. Blue Trust Inc. raised its position in shares of Trimble by 96.0% in the second 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 period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Trimble during the 2nd quarter worth about $48,000. Catalyst Capital Advisors LLC acquired a new position in Trimble in the 3rd quarter valued at about $49,000. Finally, Cromwell Holdings LLC lifted its position in Trimble by 86.6% during the third quarter. Cromwell Holdings LLC now owns 808 shares of the scientific and technical instruments company’s stock worth $50,000 after acquiring 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

A number of equities analysts have recently weighed in on TRMB shares. StockNews.com upgraded Trimble from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. Robert W. Baird increased their price target on Trimble from $66.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Piper Sandler lifted their price objective on Trimble from $73.00 to $84.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upped 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, Oppenheimer restated an “outperform” rating and issued a $72.00 price target on shares of Trimble in a research report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Trimble currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.40.

Trimble Price Performance

TRMB stock opened at $72.97 on Monday. The company has a 50 day simple moving average of $65.05 and a 200 day simple moving average of $58.91. The stock has a market cap of $17.82 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 3.12 and a beta of 1.49. Trimble Inc. has a 1 year low of $45.61 and a 1 year high of $74.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.16 and a quick ratio of 1.07.

Trimble 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.