National Instruments (NATI) Stake Boosted by Swiss National Bank

Swiss National Bank raised its holdings in shares of National Instruments (NASDAQ:NATI) by 2.3% during the first quarter, HoldingsChannel reports. The firm owned 204,600 shares of the technology company’s stock after buying an additional 4,600 shares during the period. Swiss National Bank’s holdings in National Instruments were worth $10,347,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. LPL Financial LLC increased its position in shares of National Instruments by 74.2% during the fourth quarter. LPL Financial LLC now owns 28,589 shares of the technology company’s stock worth $1,192,000 after purchasing an additional 12,174 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of National Instruments by 87.3% during the fourth quarter. Retirement Systems of Alabama now owns 258,628 shares of the technology company’s stock worth $10,767,000 after purchasing an additional 120,563 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of National Instruments by 3,081.3% during the fourth quarter. Alliancebernstein L.P. now owns 2,000,276 shares of the technology company’s stock valued at $83,271,000 after buying an additional 1,937,399 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of National Instruments by 11.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 967,667 shares of the technology company’s stock valued at $40,283,000 after buying an additional 95,730 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new stake in shares of National Instruments during the fourth quarter valued at $2,824,000. 77.09% of the stock is currently owned by institutional investors and hedge funds.

In other National Instruments news, Director Jeffrey L. Kodosky sold 1,600 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $53.00, for a total value of $84,800.00. Following the sale, the director now directly owns 370,171 shares of the company’s stock, valued at $19,619,063. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James J. Truchard sold 17,500 shares of the company’s stock in a transaction on Monday, April 30th. The shares were sold at an average price of $39.86, for a total transaction of $697,550.00. Following the completion of the sale, the director now directly owns 6,580,037 shares in the company, valued at $262,280,274.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 797,000 shares of company stock worth $40,230,868. 7.98% of the stock is owned by corporate insiders.

Shares of NATI opened at $41.66 on Thursday. The firm has a market cap of $5.48 billion, a PE ratio of 41.73 and a beta of 0.99. National Instruments has a 1-year low of $37.13 and a 1-year high of $53.57.

National Instruments (NASDAQ:NATI) last announced its quarterly earnings data on Thursday, April 26th. The technology company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The firm had revenue of $311.90 million for the quarter, compared to analyst estimates of $322.77 million. National Instruments had a net margin of 4.50% and a return on equity of 11.50%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 earnings per share. analysts predict that National Instruments will post 1.22 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 4th. Shareholders of record on Monday, May 14th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.21%. The ex-dividend date is Friday, May 11th. National Instruments’s payout ratio is 97.87%.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of National Instruments from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. BidaskClub raised shares of National Instruments from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Stifel Nicolaus boosted their price objective on shares of National Instruments from $46.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. ValuEngine lowered shares of National Instruments from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Robert W. Baird reissued a “buy” rating on shares of National Instruments in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $52.33.

National Instruments Company Profile

National Instruments Corporation designs, manufactures, and sells systems to engineers and scientists worldwide. It offers LabVIEW, a system design software for measurement, automation, and control; LabVIEW Real-Time and LabVIEW FPGA, which are software add-ons to LabVIEW; LabVIEW Communications System Design Suite for wireless prototyping; LabWindows/CVI for creating test and control applications; and Measurement Studio consisting of measurement and automation add-on libraries, and additional tools for programmers.

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

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