California State Teachers Retirement System Trims Stake in National Instruments Corporation (NATI)

California State Teachers Retirement System lowered its position in National Instruments Corporation (NASDAQ:NATI) by 9.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 172,864 shares of the technology company’s stock after selling 18,330 shares during the quarter. California State Teachers Retirement System owned about 0.13% of National Instruments worth $7,290,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in National Instruments by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 157,283 shares of the technology company’s stock worth $6,326,000 after acquiring an additional 2,772 shares in the last quarter. Clinton Group Inc. purchased a new stake in National Instruments during the second quarter valued at about $604,000. BlueCrest Capital Management Ltd purchased a new stake in National Instruments during the second quarter valued at about $2,652,000. Northern Trust Corp boosted its position in National Instruments by 1.1% during the second quarter. Northern Trust Corp now owns 1,640,118 shares of the technology company’s stock valued at $65,966,000 after buying an additional 17,988 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of National Instruments by 50.3% during the second quarter. Ameriprise Financial Inc. now owns 469,258 shares of the technology company’s stock worth $18,874,000 after purchasing an additional 157,086 shares during the period. 78.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of National Instruments Corporation (NASDAQ NATI) opened at $44.31 on Friday. National Instruments Corporation has a fifty-two week low of $29.80 and a fifty-two week high of $46.33. The company has a current ratio of 3.22, a quick ratio of 2.53 and a debt-to-equity ratio of 0.01. The company has a market cap of $5,790.00, a P/E ratio of 54.70 and a beta of 0.93.

National Instruments (NASDAQ:NATI) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. National Instruments had a net margin of 8.72% and a return on equity of 10.16%. The firm had revenue of $320.90 million for the quarter, compared to analysts’ expectations of $319.78 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. sell-side analysts forecast that National Instruments Corporation will post 0.93 EPS for the current year.

NATI has been the subject of a number of analyst reports. Stifel Nicolaus reiterated a “buy” rating on shares of National Instruments in a report on Tuesday, September 26th. Zacks Investment Research downgraded shares of National Instruments from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Finally, BidaskClub downgraded shares of National Instruments from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 16th.

In other news, Director James J. Truchard sold 985,162 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $43.66, for a total transaction of $43,012,172.92. Following the sale, the director now directly owns 8,345,037 shares in the company, valued at approximately $364,344,315.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James J. Truchard sold 7,500 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $44.43, for a total transaction of $333,225.00. The disclosure for this sale can be found here. Insiders sold 1,060,751 shares of company stock worth $46,285,981 in the last 90 days. 9.92% of the stock is currently owned by corporate insiders.

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About National Instruments

National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers a line of measurement, automation and control products. It offers products, technology and services, which include system design software, programming tools, application software, modular hardware products and related driver software, production test systems, NI education platform, software products for teaching and hardware products for teaching.

Institutional Ownership by Quarter for National Instruments (NASDAQ:NATI)

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