Trimble Navigation (NASDAQ:TRMB).
Baird Financial Group, Inc. says it decreased its ownership in Trimble Navigation shares by 30,439 shares as of the end of the last quarter. Its investment was valued at $40,162,000 an increase of $2,578,000 as of the end of the quarter.
Here are some institutional investors who have increased or decreased their stake in (TRMB). Tredje Ap-fonden augmented its stake by buying 32,490 shares an increase of 79.1%. Tredje Ap-fonden owns 73,560 shares worth $2,887,000. The total value of its holdings increased 97.1%. As of the end of the quarter Great Lakes Advisors, LLC had acquired 5,182 shares growing its stake by 8.2%. The value in dollars went from $2,254,000 to $2,684,000 a change of $430,000 quarter to quarter.
As of quarter end Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had bought a total of 20 shares growing its position 0.1%. The value of the total investment in Trimble Navigation increased from $1,317,000 to $1,449,000 increasing 10.0% quarter over quarter.
October 29 investment analysts at Needham & Company LLC kept the company rating at “Buy” targeting a price of $45.00. Wells Fargo & Company raised the price target of the stock on October 27 changing the forecast from $34.00 to $37.00 and issued a “Market Perform” recommendation.
Equity analyst Oppenheimer Holdings raised the price target on October 27 changing the price objective from $41.00 to $45.00 with a rating of “Outperform”. On October 19, 2017 Oppenheimer Holdings kept a “Buy” rating on the company.
Piper Jaffray Companies updated coverage of TRMB with a rating of “Buy” and price target of $43.00. Equity analyst Robert W. Baird raised the price target on September 22 boosting the projection from $40.00 to $44.00 and issued a “Outperform” rating.
The company is down by 0.44% percent from yesterday’s close. Trimble Navigation’s P/E ratio is 54.42 and market capitalization is 10.41B. In the last earnings report the EPS was $0.76 with 258.00M shares now outstanding.
Traders are feeling more bearish on Trimble Navigation recently as implied by the motion in short interest. The stock experienced a rise in short interest from September 29, 2017 to October 13, 2017 of 5.63%. Short interest grew from 1,995,461 to 2,107,709 over that period. Days to cover increased from 2.0 to 3.0 and the percentage of shorted shares is 0.01% as of October 13.