Jana sees big upside in this unusual technology play serving industries like construction
Publishing timestamp: 2023-12-16 09:06:29
Summary
Activist investor Jana Partners has taken a position in Trimble Inc and is calling on the company to focus on organic growth and cease M&A activities. Trimble has been acquiring software companies at high valuations, leading to underperformance in the stock market. Jana believes that if Trimble can align with industry peers and improve operations, there is potential for significant stock upside. Additionally, Trimble could be an attractive acquisition target for larger industrial companies. The director nomination window in February 2024 will provide more clarity on the campaign's direction.
Sentiment: MIXED
Tickers: TRMB,
Keywords: hedge funds, trimble inc, investment strategy, markets, business news, breaking news: markets,