Eqis Capital Management Inc. boosted its position in Trimble Navigation Ltd. (NASDAQ:TRMB) by 5.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,558 shares of the scientific and technical instruments company’s stock after buying an additional 525 shares during the period. Eqis Capital Management Inc.’s holdings in Trimble Navigation were worth $341,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Winslow Evans & Crocker Inc. increased its position in Trimble Navigation by 27.9% in the first quarter. Winslow Evans & Crocker Inc. now owns 40,986 shares of the scientific and technical instruments company’s stock worth $1,312,000 after buying an additional 8,950 shares in the last quarter. State Treasurer State of Michigan increased its position in Trimble Navigation by 1.6% in the first quarter. State Treasurer State of Michigan now owns 102,500 shares of the scientific and technical instruments company’s stock worth $3,281,000 after buying an additional 1,600 shares in the last quarter. Ameriprise Financial Inc. increased its position in Trimble Navigation by 7.3% in the first quarter. Ameriprise Financial Inc. now owns 1,260,381 shares of the scientific and technical instruments company’s stock worth $40,337,000 after buying an additional 85,816 shares in the last quarter. Johanson Financial Advisors Inc. purchased a new position in Trimble Navigation during the first quarter worth about $4,948,000. Finally, AXA increased its position in Trimble Navigation by 34.5% in the first quarter. AXA now owns 800,111 shares of the scientific and technical instruments company’s stock worth $25,612,000 after buying an additional 205,120 shares in the last quarter. 89.72% of the stock is currently owned by hedge funds and other institutional investors.

Trimble Navigation Ltd. (TRMB) traded up 0.27% during midday trading on Friday, reaching $37.31. 784,562 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $37.20 and its 200-day moving average price is $34.26. The stock has a market cap of $9.45 billion, a PE ratio of 54.07 and a beta of 2.31. Trimble Navigation Ltd. has a one year low of $25.30 and a one year high of $39.45.

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

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TRMB has been the topic of a number of research analyst reports. Needham & Company LLC boosted their price target on shares of Trimble Navigation from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Zacks Investment Research downgraded shares of Trimble Navigation from a “buy” rating to a “hold” rating in a report on Monday, May 29th. BidaskClub downgraded shares of Trimble Navigation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $41.00 price target (up from $39.00) on shares of Trimble Navigation in a report on Friday, August 4th. Finally, Craig Hallum boosted their price target on shares of Trimble Navigation from $24.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $40.57.

In related news, VP Julie A. Shepard sold 18,546 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $36.00, for a total value of $667,656.00. Following the transaction, the vice president now directly owns 11,128 shares of the company’s stock, valued at approximately $400,608. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP James Veneziano sold 9,426 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $35.73, for a total value of $336,790.98. The disclosure for this sale can be found here. Insiders sold 110,061 shares of company stock worth $4,032,293 over the last three months. Insiders own 1.40% of the company’s stock.

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.

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

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