ExodusPoint Capital Management LP Reduces Stock Holdings in Trimble Inc. (NASDAQ:TRMB)

Posted by on Feb 25th, 2023

ExodusPoint Capital Management LP trimmed its position in Trimble Inc. (NASDAQ:TRMB – Get Rating) by 80.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,831 shares of the scientific and technical instruments company’s stock after selling 71,159 shares during the period. ExodusPoint Capital Management LP’s holdings in Trimble were worth $968,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TRMB. Massmutual Trust Co. FSB ADV boosted its position in Trimble by 118.6% in the third quarter. Massmutual Trust Co. FSB ADV now owns 494 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 268 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Trimble in the second quarter worth about $38,000. Column Capital Advisors LLC raised its stake in shares of Trimble by 74.7% in the second quarter. Column Capital Advisors LLC now owns 676 shares of the scientific and technical instruments company’s stock worth $39,000 after buying an additional 289 shares during the period. Alta Advisers Ltd bought a new position in shares of Trimble in the third quarter worth about $71,000. Finally, Wipfli Financial Advisors LLC bought a new position in shares of Trimble in the third quarter worth about $84,000. 89.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on TRMB. Oppenheimer decreased their price objective on Trimble from $86.00 to $72.00 in a research note on Thursday, November 3rd. Raymond James downgraded Trimble from an “outperform” rating to a “market perform” rating in a research note on Tuesday, December 13th. StockNews.com downgraded Trimble from a “buy” rating to a “hold” rating in a research note on Thursday, November 3rd. Morgan Stanley lifted their target price on Trimble from $63.00 to $65.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 13th. Finally, Robert W. Baird decreased their target price on Trimble from $65.00 to $63.00 and set an “outperform” rating on the stock in a research note on Thursday, February 9th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $63.60.

Trimble Stock Performance

NASDAQ:TRMB opened at $51.78 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.04 and a quick ratio of 0.76. Trimble Inc. has a 1 year low of $47.52 and a 1 year high of $74.87. The stock’s 50 day simple moving average is $54.03 and its two-hundred day simple moving average is $57.60. The company has a market cap of $12.79 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 1.81 and a beta of 1.59.

Trimble Company Profile

(Get Rating)

Trimble, Inc engages in the provision of positioning technology solutions. It operates through the following segments: Buildings and Infrastructure, Geospatial, Resources and Utilities, and Transportation. The Buildings and Infrastructure segment serves architects, engineers, contractors, owners, and operators.

See Also

Want to see what other hedge funds are holding TRMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Trimble Inc. (NASDAQ:TRMB – Get Rating).

Institutional Ownership by Quarter for Trimble (NASDAQ:TRMB)

Receive News & Ratings for Trimble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trimble and related companies with MarketBeat.com's FREE daily email newsletter.