Trimble Navigation Ltd /ca/ (TRMB): Steven W Berglund , President & CEO of Trimble Navigation Ltd /ca/ sold 200,000 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were sold at $23.21 per share for a total value of $4,642,000.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 5, 2016, Steven W Berglund (President & CEO) sold 200,000 shares at $23.57 per share price.On Mar 7, 2016, Julie A Shepard (Vice President) sold 13,914 shares at $24.89 per share price.Also, On Mar 7, 2016, James A Kirkland (Vice President) sold 1,000 shares at $24.70 per share price.On Mar 3, 2016, James Veneziano (Vice President) sold 2,130 shares at $24.51 per share price.
Trimble Navigation Limited: On Friday, May 6, 2016 heightened volatility was witnessed in Trimble Navigation Limited which led to swings in the share price. The shares opened for trading at $23.11 and hit $23.6 on the upside , eventually ending the session at $23.25, with a gain of 0.48% or 0.11 points. The heightened volatility saw the trading volume jump to 13,27,238 shares. The 52-week high of the share price is $26.07 and the company has a market cap of $5,833 M . The 52-week low of the share price is at $15.9.
Company has been under the radar of several Street Analysts.Trimble Navigation Limited is Reiterated by Wedbush to Outperform while Lowering the Price Target of the company shares to $ 27 from a previous price target of $28 . The Rating was issued on Apr 29, 2016.Trimble Navigation Limited is Upgraded by Needham to Buy and the brokerage firm has set the Price Target at $24. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Feb 10, 2016.
Trimble Navigation Limited is a provider of technology solutions for professionals and field mobile workers. The Company operates through four segments: Engineering and Construction Field Solutions Mobile Solutions and Advanced Devices. The Engineering and Construction segment provides heavy civil construction building construction and geospatial solutions. The Field Solutions segment offers positioning systems automated application systems and data collection and integration systems. The Mobile Solutions segment includes its Transportation and Logistics and Field Service Management businesses. The Advanced Devices segment includes its Embedded Technologies Military and Advanced Systems and ThingMagic businesses. Its brands include Trimble PeopleNet GEOTrac and TMW. In addition it offers TILOS software which merges both location and schedule into one combined time and distance graphical view and FlexiCadastre software which provides land management solution.