Top 5 Tech and Automation Stocks in Cathie Wood’s Portfolio

3. Trimble Inc. (NASDAQ:TRMB)

Ark Investment’s Stake Value: $364.6 million

Percent of 13F Portfolio: 0.87%

Number of Hedge Fund Holders: 34

With 4.43 million shares valued at $655.7 million, Ark Management is one of the leading hedge fund investors in Trimble Inc. (NASDAQ:TRMB). Trimble Inc. (NASDAQ:TRMB) works in the utility sector and provides electricity in Kansas to residential, commercial, and industrial consumers.

In the September quarter of 2021, Trimble Inc. (NASDAQ:TRMB) reported an EPS of $0.66, beating the market estimates by $0.05. Revenue for the same quarter came in at $901.4 million.

34 hedge funds have stakes in Trimble Inc. (NASDAQ:TRMB), valued at $1.82 billion in the third quarter of 2021, according to the database of Insider Monkey. On October 14, 2021, Piper Sandler initiated its coverage on the company with an “Overweight” rating and a price target of $101.