Jag Capital Management LLC Sells 5,772 Shares of Trimble Navigation Ltd. (NASDAQ:TRMB)

Jag Capital Management LLC reduced its stake in shares of Trimble Navigation Ltd. (NASDAQ:TRMB) by 1.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 421,676 shares of the scientific and technical instruments company’s stock after selling 5,772 shares during the period. Trimble Navigation accounts for about 3.0% of Jag Capital Management LLC’s holdings, making the stock its 9th largest position. Jag Capital Management LLC owned about 0.17% of Trimble Navigation worth $15,042,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Twin Tree Management LP bought a new stake in Trimble Navigation during the first quarter valued at $124,000. Huntington National Bank boosted its stake in Trimble Navigation by 1.8% in the first quarter. Huntington National Bank now owns 4,552 shares of the scientific and technical instruments company’s stock valued at $146,000 after buying an additional 82 shares during the last quarter. IFP Advisors Inc boosted its stake in Trimble Navigation by 34.8% in the first quarter. IFP Advisors Inc now owns 4,760 shares of the scientific and technical instruments company’s stock valued at $152,000 after buying an additional 1,228 shares during the last quarter. FNY Partners Fund LP boosted its stake in Trimble Navigation by 71.4% in the first quarter. FNY Partners Fund LP now owns 4,800 shares of the scientific and technical instruments company’s stock valued at $153,000 after buying an additional 2,000 shares during the last quarter. Finally, First Quadrant L P CA bought a new stake in Trimble Navigation during the first quarter valued at $155,000. Hedge funds and other institutional investors own 90.56% of the company’s stock.

Shares of Trimble Navigation Ltd. (TRMB) traded down 0.24% on Friday, hitting $37.75. 857,359 shares of the stock traded hands. Trimble Navigation Ltd. has a 1-year low of $25.30 and a 1-year high of $39.00. The stock has a market cap of $9.55 billion, a PE ratio of 54.71 and a beta of 2.31. The stock has a 50 day moving average of $36.91 and a 200-day moving average of $33.67.

Trimble Navigation (NASDAQ:TRMB) last released its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.02. Trimble Navigation had a net margin of 7.25% and a return on equity of 12.71%. The firm had revenue of $661.90 million during the quarter, compared to analyst estimates of $643.05 million. During the same period in the prior year, the company earned $0.29 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts expect that Trimble Navigation Ltd. will post $1.41 EPS for the current year.

Several research firms have weighed in on TRMB. Zacks Investment Research cut shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $39.00 price objective (up previously from $38.00) on shares of Trimble Navigation in a research report on Tuesday, June 13th. Piper Jaffray Companies restated a “buy” rating and issued a $39.00 price objective on shares of Trimble Navigation in a research report on Wednesday, July 12th. BidaskClub cut shares of Trimble Navigation from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Dougherty & Co upgraded shares of Trimble Navigation from a “neutral” rating to a “buy” rating in a research report on Friday, April 28th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $40.50.

In other news, VP James Veneziano sold 9,426 shares of the company’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Julie A. Shepard sold 27,819 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $35.59, for a total value of $990,078.21. Following the completion of the transaction, the vice president now directly owns 38,410 shares of the company’s stock, valued at approximately $1,367,011.90. The disclosure for this sale can be found here. Insiders sold 142,263 shares of company stock valued at $5,094,328 in the last ninety days. 1.40% of the stock is currently owned by insiders.

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.