Trexquant Investment LP reduced its stake in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) by 63.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 11,978 shares of the scientific and technical instruments company’s stock after selling 21,128 shares during the period. Trexquant Investment LP’s holdings in Trimble Navigation were worth $427,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TRMB. BlackRock Inc. boosted its position in shares of Trimble Navigation by 6,646.3% in the first quarter. BlackRock Inc. now owns 22,577,637 shares of the scientific and technical instruments company’s stock valued at $722,710,000 after buying an additional 22,242,969 shares during the last quarter. Vanguard Group Inc. increased its stake in Trimble Navigation by 4.5% in the first quarter. Vanguard Group Inc. now owns 20,464,940 shares of the scientific and technical instruments company’s stock valued at $655,082,000 after buying an additional 879,694 shares during the period. Pictet Asset Management Ltd. increased its stake in Trimble Navigation by 34.9% in the first quarter. Pictet Asset Management Ltd. now owns 3,191,804 shares of the scientific and technical instruments company’s stock valued at $102,169,000 after buying an additional 826,494 shares during the period. Russell Investments Group Ltd. increased its stake in Trimble Navigation by 157.6% in the first quarter. Russell Investments Group Ltd. now owns 923,324 shares of the scientific and technical instruments company’s stock valued at $29,555,000 after buying an additional 564,878 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Trimble Navigation by 1,733.8% in the first quarter. Victory Capital Management Inc. now owns 490,090 shares of the scientific and technical instruments company’s stock valued at $15,687,000 after buying an additional 463,364 shares during the period. Institutional investors and hedge funds own 89.72% of the company’s stock.

Trimble Navigation Ltd. (TRMB) opened at 37.00 on Tuesday. The firm has a market capitalization of $9.37 billion, a PE ratio of 53.62 and a beta of 2.31. Trimble Navigation Ltd. has a 1-year low of $25.30 and a 1-year high of $39.45. The stock’s 50 day moving average is $37.07 and its 200-day moving average is $34.11.

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 consensus estimate of $0.35 by $0.02. Trimble Navigation had a return on equity of 12.71% and a net margin of 7.25%. The business had revenue of $661.90 million during the quarter, compared to the consensus estimate of $643.05 million. During the same quarter last year, the firm posted $0.29 earnings per share. Trimble Navigation’s revenue was up 8.6% compared to the same quarter last year. Equities research analysts forecast that Trimble Navigation Ltd. will post $1.43 EPS for the current year.

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Several analysts recently commented on the stock. Dougherty & Co upped their price target on shares of Trimble Navigation from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. Needham & Company LLC reiterated a “buy” rating and issued a $42.00 price target (up previously from $37.00) on shares of Trimble Navigation in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $41.00 price target (up previously from $39.00) on shares of Trimble Navigation in a research report on Friday, August 4th. Zacks Investment Research downgraded shares of Trimble Navigation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Craig Hallum reiterated a “hold” rating and issued a $36.00 price target (up previously from $30.00) on shares of Trimble Navigation in a research report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Trimble Navigation presently has a consensus rating of “Buy” and an average target price of $41.00.

In other Trimble Navigation news, VP James A. Kirkland sold 10,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $37.60, for a total value of $376,000.00. Following the sale, the vice president now directly owns 31,781 shares in the company, valued at $1,194,965.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP James Veneziano sold 9,426 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $35.73, for a total transaction of $336,790.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,061 shares of company stock worth $4,032,293. 1.40% of the stock is owned by company insiders.

About Trimble Navigation

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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