APG Asset Management N.V. bought a new stake in shares of TriNet Group Inc (NYSE:TNET) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 34,700 shares of the business services provider’s stock, valued at approximately $1,281,000.

A number of other hedge funds have also made changes to their positions in TNET. Hennessy Advisors Inc. boosted its position in shares of TriNet Group by 480.7% in the fourth quarter. Hennessy Advisors Inc. now owns 895,500 shares of the business services provider’s stock worth $39,706,000 after purchasing an additional 741,300 shares during the period. Cramer Rosenthal Mcglynn LLC boosted its position in shares of TriNet Group by 70.6% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 965,930 shares of the business services provider’s stock worth $32,475,000 after purchasing an additional 399,745 shares during the period. Vanguard Group Inc. boosted its position in shares of TriNet Group by 8.1% in the second quarter. Vanguard Group Inc. now owns 4,571,207 shares of the business services provider’s stock worth $149,661,000 after purchasing an additional 342,250 shares during the period. FMR LLC boosted its position in shares of TriNet Group by 58.7% in the second quarter. FMR LLC now owns 906,982 shares of the business services provider’s stock worth $29,695,000 after purchasing an additional 335,381 shares during the period. Finally, Acadian Asset Management LLC boosted its position in shares of TriNet Group by 240.3% in the fourth quarter. Acadian Asset Management LLC now owns 423,687 shares of the business services provider’s stock worth $18,786,000 after purchasing an additional 299,166 shares during the period. 58.01% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Burton M. Goldfield sold 17,809 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $41.78, for a total transaction of $744,060.02. Following the completion of the transaction, the chief executive officer now owns 32,234 shares in the company, valued at $1,346,736.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Martin Babinec sold 36,500 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $44.21, for a total transaction of $1,613,665.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 178,663 shares of company stock valued at $7,739,446. 42.40% of the stock is owned by company insiders.

TriNet Group Inc (TNET) opened at $40.00 on Friday. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.18 and a current ratio of 1.18. TriNet Group Inc has a 12-month low of $24.29 and a 12-month high of $45.25. The firm has a market cap of $2,975.36, a price-to-earnings ratio of 21.16 and a beta of 2.78.

A number of equities analysts have weighed in on TNET shares. Zacks Investment Research upgraded shares of TriNet Group from a “sell” rating to a “strong-buy” rating and set a $47.00 price target for the company in a research report on Thursday, November 9th. BidaskClub upgraded shares of TriNet Group from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Finally, Morgan Stanley upped their price target on shares of TriNet Group from $31.00 to $32.00 and gave the stock an “underweight” rating in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $38.00.

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TriNet Group Company Profile

TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as multi-state payroll processing and tax administration, employee benefits programs, including health insurance and retirement plans, workers’ compensation insurance and claims management, employment and benefit law compliance, and other services.

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Institutional Ownership by Quarter for TriNet Group (NYSE:TNET)

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