Andra AP fonden increased its stake in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) by 34.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,400 shares of the scientific and technical instruments company’s stock after buying an additional 20,800 shares during the period. Andra AP fonden’s holdings in Trimble Navigation were worth $2,868,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Creative Planning boosted its position in shares of Trimble Navigation by 0.3% in the second quarter. Creative Planning now owns 17,392 shares of the scientific and technical instruments company’s stock worth $620,000 after buying an additional 51 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Trimble Navigation by 0.7% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 43,477 shares of the scientific and technical instruments company’s stock worth $1,392,000 after buying an additional 292 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Trimble Navigation by 4.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,683 shares of the scientific and technical instruments company’s stock worth $200,000 after buying an additional 313 shares in the last quarter. Chartwell Investment Partners LLC boosted its position in shares of Trimble Navigation by 1.6% in the second quarter. Chartwell Investment Partners LLC now owns 20,318 shares of the scientific and technical instruments company’s stock worth $725,000 after buying an additional 320 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its position in shares of Trimble Navigation by 5.8% in the second quarter. Eqis Capital Management Inc. now owns 9,558 shares of the scientific and technical instruments company’s stock worth $341,000 after buying an additional 525 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Trimble Navigation Ltd. (NASDAQ TRMB) opened at 38.68 on Friday. The company has a market cap of $9.79 billion, a PE ratio of 56.06 and a beta of 2.28. Trimble Navigation Ltd. has a 1-year low of $25.30 and a 1-year high of $39.45. The stock has a 50 day moving average of $37.65 and a 200-day moving average of $34.82.

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

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A number of research analysts have commented on the stock. Zacks Investment Research cut shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. Piper Jaffray Companies set a $43.00 price target on shares of Trimble Navigation and gave the stock a “buy” rating in a research note on Friday, August 25th. Morgan Stanley raised their price target on shares of Trimble Navigation from $24.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 17th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $39.00 price target (up previously from $38.00) on shares of Trimble Navigation in a research note on Tuesday, June 13th. Finally, BidaskClub cut shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $40.75.

In other news, VP Chris Gibson sold 76,715 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $38.02, for a total transaction of $2,916,704.30. Following the completion of the sale, the vice president now owns 38,419 shares of the company’s stock, valued at approximately $1,460,690.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Merit E. Janow sold 33,334 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $37.76, for a total transaction of $1,258,691.84. Following the sale, the director now directly owns 26,004 shares of the company’s stock, valued at approximately $981,911.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 204,331 shares of company stock valued at $7,753,607. 1.40% of the stock is currently owned by 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.

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

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