ETF Managers Group LLC purchased a new position in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 8,047 shares of the scientific and technical instruments company’s stock, valued at approximately $287,000.

Other large investors also recently bought and sold shares of the company. Commonwealth Bank of Australia increased its position in shares of Trimble Navigation by 17.2% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,400 shares of the scientific and technical instruments company’s stock worth $121,000 after purchasing an additional 500 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Trimble Navigation during the 2nd quarter worth approximately $134,000. Advisor Group Inc. increased its position in shares of Trimble Navigation by 3.7% during the 2nd quarter. Advisor Group Inc. now owns 4,016 shares of the scientific and technical instruments company’s stock worth $142,000 after purchasing an additional 144 shares during the last quarter. FNY Partners Fund LP increased its position in shares of Trimble Navigation by 71.4% during the 1st quarter. FNY Partners Fund LP now owns 4,800 shares of the scientific and technical instruments company’s stock worth $153,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC acquired a new position in shares of Trimble Navigation during the 2nd quarter worth approximately $168,000. 89.85% of the stock is currently owned by hedge funds and other institutional investors.

In other Trimble Navigation news, SVP Darryl R. Matthews sold 3,714 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $38.66, for a total value of $143,583.24. Following the completion of the sale, the senior vice president now directly owns 2,000 shares of the company’s stock, valued at $77,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Chris Gibson sold 76,715 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $38.02, for a total value of $2,916,704.30. Following the completion of the sale, the vice president now directly owns 38,419 shares of the company’s stock, valued at $1,460,690.38. The disclosure for this sale can be found here. Insiders have sold 252,688 shares of company stock valued at $9,616,521 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

Shares of Trimble Navigation Ltd. (TRMB) traded down 0.02% on Friday, hitting $40.62. The stock had a trading volume of 1,299,696 shares. The company has a 50-day moving average of $39.15 and a 200 day moving average of $36.21. The company has a market capitalization of $10.28 billion, a price-to-earnings ratio of 58.87 and a beta of 2.30. Trimble Navigation Ltd. has a 52 week low of $25.30 and a 52 week high of $40.87.

Trimble Navigation (NASDAQ:TRMB) last issued its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.02). The business had revenue of $661.90 million for the quarter, compared to analysts’ expectations of $643.05 million. Trimble Navigation had a net margin of 7.25% and a return on equity of 12.71%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 earnings per share. On average, equities research analysts predict that Trimble Navigation Ltd. will post $1.43 EPS for the current year.

Several research analysts have weighed in on TRMB shares. Piper Jaffray Companies set a $43.00 price target on Trimble Navigation and gave the stock a “buy” rating in a research report on Friday, August 25th. BidaskClub downgraded Trimble Navigation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $41.00 target price (up from $39.00) on shares of Trimble Navigation in a research note on Friday, August 4th. Zacks Investment Research downgraded Trimble Navigation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Craig Hallum reiterated a “hold” rating and set a $36.00 target price (up from $30.00) on shares of Trimble Navigation in a research note on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $41.11.

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Trimble Navigation Company Profile

Trimble Inc, formerly Trimble Navigation Limited, is engaged in providing technology solutions that enable professionals and field mobile workers to transform their work processes. The Company’s solutions are used across a range of industries, including agriculture, architecture, civil engineering, survey and land administration, construction, geospatial, government, natural resources, transportation and utilities.

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Institutional Ownership by Quarter for Trimble Navigation (NASDAQ:TRMB)

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