Daiwa Securities Group Inc. decreased its holdings in shares of National Instruments Corp (NASDAQ:NATI) by 26.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 106,925 shares of the technology company’s stock after selling 39,178 shares during the period. Daiwa Securities Group Inc. owned 0.08% of National Instruments worth $5,168,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Texas Permanent School Fund increased its stake in shares of National Instruments by 1.8% during the third quarter. Texas Permanent School Fund now owns 70,708 shares of the technology company’s stock valued at $3,417,000 after purchasing an additional 1,269 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in shares of National Instruments by 17.8% during the second quarter. First Citizens Bank & Trust Co. now owns 8,796 shares of the technology company’s stock valued at $369,000 after purchasing an additional 1,330 shares in the last quarter. ARP Americas LP increased its stake in shares of National Instruments by 17.3% during the second quarter. ARP Americas LP now owns 9,500 shares of the technology company’s stock valued at $399,000 after purchasing an additional 1,400 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of National Instruments by 20.0% during the second quarter. PNC Financial Services Group Inc. now owns 8,738 shares of the technology company’s stock valued at $368,000 after purchasing an additional 1,458 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of National Instruments by 5.8% during the third quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the technology company’s stock valued at $1,489,000 after purchasing an additional 1,700 shares in the last quarter. 76.83% of the stock is owned by institutional investors and hedge funds.
In related news, COO Eric Howard Starkloff sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $49.18, for a total value of $122,950.00. Following the sale, the chief operating officer now owns 67,562 shares in the company, valued at $3,322,699.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Charles Roiko sold 1,388 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $47.33, for a total transaction of $65,694.04. Following the completion of the sale, the insider now owns 19,385 shares in the company, valued at approximately $917,492.05. The disclosure for this sale can be found here. Insiders have sold 329,835 shares of company stock valued at $15,205,946 in the last three months. 7.98% of the stock is owned by insiders.
Shares of NATI opened at $49.56 on Wednesday. The company has a market cap of $6.58 billion, a P/E ratio of 40.06 and a beta of 0.98. National Instruments Corp has a twelve month low of $38.78 and a twelve month high of $53.57.
National Instruments (NASDAQ:NATI) last announced its quarterly earnings results on Thursday, October 25th. The technology company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The company had revenue of $346.13 million during the quarter, compared to the consensus estimate of $342.65 million. National Instruments had a net margin of 5.50% and a return on equity of 14.02%. On average, research analysts forecast that National Instruments Corp will post 1.35 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, November 8th. National Instruments’s dividend payout ratio (DPR) is currently 97.87%.
NATI has been the subject of a number of analyst reports. BidaskClub downgraded shares of National Instruments from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 18th. ValuEngine downgraded shares of National Instruments from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Robert W. Baird reduced their price target on shares of National Instruments from $47.00 to $46.00 and set a “neutral” rating for the company in a research report on Monday, July 30th. TheStreet raised shares of National Instruments from a “c+” rating to a “b” rating in a research report on Friday, July 27th. Finally, Zacks Investment Research raised shares of National Instruments from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Thursday, August 2nd. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $50.25.
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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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