5 Best Technology Stocks to Buy According to Ian Simm’s Impax Management

2. Trimble Inc. (NASDAQ:TRMB)

Impax Management’s Stake Value: $680,719,000

Percentage of Impax Management’s 13F Portfolio: 2.81%

Number of Hedge Fund Holders (Q1): 28

Funds covered by Insider Monkey that held a stake in business solutions provider Trimble Inc. (NASDAQ:TRMB) declined to 28 at the end of March from 33 at the end of 2021. Trimble Inc. (NASDAQ:TRMB) breaks down its business into three segments – Buildings and Infrastructure,  Resources and Utilities, and Transportation. Shares of the company have appreciated almost 50 times in the last 30 years.

In May, Bernstein analyst Chad Dillard released a research note arguing that Trimble Inc. (NASDAQ:TRMB) could unlock $3 billion in incremental value if it divests its agriculture business. In his note, Mr. Dillard wrote that if the company sells its agriculture business, the company will have “enough dry powder to curate its construction tech product offering as it sees fit through M&A and can compete against better capitalized peers such as Autodesk.”