Trimble Navigation Limited Has More Gas To Decrease After Today’s Bearish Options Activity

 Trimble Navigation Limited Has More Gas To Decrease After Today's Bearish Options Activity

In today’s session Trimble Navigation Limited (TRMB) recorded an unusually high (600) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious TRMB decrease. With 600 contracts traded and 3714 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: TRMB161216P00025000 closed last at: $0.8 or 14.3% up. About 672,942 shares traded hands. Trimble Navigation Limited (NASDAQ:TRMB) has risen 2.51% since April 1, 2016 and is uptrending. It has outperformed by 1.30% the S&P500.

Trimble Navigation Limited (NASDAQ:TRMB) Ratings Coverage

Out of 10 analysts covering Trimble Navigation Limited (NASDAQ:TRMB), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. $32 is the highest target while $19 is the lowest. The $25.57 average target is -0.54% below today’s ($25.71) stock price. Trimble Navigation Limited has been the topic of 15 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was initiated by Wedbush with “Outperform” on Wednesday, December 2. The company was initiated on Thursday, December 10 by Oppenheimer. The company was initiated on Monday, September 21 by Morgan Stanley. The company was upgraded on Friday, October 30 by Robert W. Baird. The rating was downgraded by JP Morgan to “Neutral” on Tuesday, June 28. The rating was maintained by JP Morgan on Friday, September 25 with “Overweight”. The company was upgraded on Friday, November 20 by Goldman Sachs. The stock of Trimble Navigation Limited (NASDAQ:TRMB) earned “Outperform” rating by Wedbush on Friday, April 29. FBR Capital initiated it with “Outperform” rating and $32 target price in Wednesday, May 11 report. The firm has “Hold” rating by Craig Hallum given on Wednesday, August 5.

According to Zacks Investment Research, “Trimble Inc. is a provider of technology solutions for professionals and field mobile workers. The Company’s operating segment consists of Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. It integrates positioning expertise in GPS, laser, optical and inertial technologies with application software, wireless communications, and services to provide complete commercial solutions. Trimble Inc., formerly known as Trimble Navigation Limited, is headquartered in Sunnyvale, California.”

Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q2. Its down 0.02, from 1.15 in 2016Q1. The ratio turned negative, as 25 funds sold all Trimble Navigation Limited shares owned while 109 reduced positions. 34 funds bought stakes while 118 increased positions. They now own 219.42 million shares or 3.22% less from 226.72 million shares in 2016Q1.
Lord Abbett And Comm Limited Liability, a New Jersey-based fund reported 1.70 million shares. Moreover, Canal Insur has 0.48% invested in Trimble Navigation Limited (NASDAQ:TRMB) for 60,000 shares. Advantus accumulated 30,408 shares or 0.02% of the stock. Us Bank & Trust De has invested 0% of its portfolio in Trimble Navigation Limited (NASDAQ:TRMB). Credit Agricole S A holds 0.01% of its portfolio in Trimble Navigation Limited (NASDAQ:TRMB) for 69,252 shares. Rockefeller Financial Service holds 0.3% of its portfolio in Trimble Navigation Limited (NASDAQ:TRMB) for 611,673 shares. Dixon Hubard Feinour & Brown Incorporated Va holds 0.07% of its portfolio in Trimble Navigation Limited (NASDAQ:TRMB) for 8,500 shares. The United Kingdom-based Blackrock Group Ltd has invested 0.02% in Trimble Navigation Limited (NASDAQ:TRMB). The California-based Schwab Charles Invest Mngmt has invested 0.02% in Trimble Navigation Limited (NASDAQ:TRMB). Blackrock owns 319,682 shares or 0.01% of their US portfolio. State Of Tennessee Treasury Department last reported 0.01% of its portfolio in the stock. Riverpark Advsrs Ltd Liability has 86,847 shares for 1.04% of their US portfolio. Franklin Resource Incorporated owns 3.25 million shares or 0.04% of their US portfolio. Moreover, Commonwealth Of Pennsylvania School Empls Retrmt has 0.02% invested in Trimble Navigation Limited (NASDAQ:TRMB) for 48,325 shares. Capstone Asset Mngmt Comm holds 0.02% or 20,626 shares in its portfolio.

Insider Transactions: Since May 5, 2016, the stock had 0 buys, and 17 sales for $14.76 million net activity. 28,000 shares were sold by Kliem Jurgen, worth $784,000 on Monday, August 15. 130,000 shares with value of $3.62 million were sold by Gibson Chris on Monday, August 15. $320,025 worth of shares were sold by PAINTER ROBERT G on Thursday, August 4. On Tuesday, August 16 KIRKLAND JAMES A sold $291,973 worth of the stock or 10,450 shares. Shares for $156,506 were sold by MATTHEWS DARRYL R on Thursday, September 1. Veneziano James sold $222,480 worth of stock or 8,000 shares. BERGLUND STEVEN W sold 200,000 shares worth $5.52 million.

Trimle Inc, formerly Trimble Navigation Limited, is a well-known provider of technology solutions for professionals and field mobile workers to transform work processes. The company has a market cap of $6.25 billion. It operates through four divisions: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. It has a 56.17 P/E ratio.

TRMB Company Profile

Trimble Inc., formerly Trimble Navigation Limited, incorporated on January 1, 1981, provides technology solutions for professionals and field mobile workers. The Firm has four divisions: Engineering and Construction, Field Solutions, Mobile Solutions and Advanced Devices. The Engineering and Construction segment serves clients working in architecture, engineering, construction, geospatial and government. The Field Solutions segment provides solutions for the farming, government and consumer markets, with its products focused on agriculture and geographic information systems (GIS). The Mobile Solutions segment provides solutions that enable end-users to monitor and manage their mobile work, mobile workers and mobile assets in the areas of transportation and logistics and field services management. The Advanced Devices segment consists of the Embedded Technologies, Timing, Applanix, Military and Advanced Systems, and ThingMagic businesses.

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