Schroder Investment Management Group lowered its stake in National Instruments Corp (NASDAQ:NATI) by 98.2% during the second quarter, HoldingsChannel reports. The firm owned 3,100 shares of the technology company’s stock after selling 170,400 shares during the period. Schroder Investment Management Group’s holdings in National Instruments were worth $130,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in National Instruments by 6.4% during the first quarter. BlackRock Inc. now owns 12,365,543 shares of the technology company’s stock valued at $548,534,000 after buying an additional 740,064 shares during the period. Geode Capital Management LLC lifted its position in shares of National Instruments by 14.8% in the fourth quarter. Geode Capital Management LLC now owns 1,347,314 shares of the technology company’s stock worth $61,141,000 after purchasing an additional 173,357 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of National Instruments by 0.6% during the second quarter. Baillie Gifford & Co. now owns 838,268 shares of the technology company’s stock worth $35,199,000 after purchasing an additional 5,001 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of National Instruments by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 762,742 shares of the technology company’s stock worth $34,611,000 after purchasing an additional 23,237 shares during the period. Finally, Stephens Investment Management Group LLC grew its position in National Instruments by 2.2% during the second quarter. Stephens Investment Management Group LLC now owns 714,001 shares of the technology company’s stock valued at $29,981,000 after purchasing an additional 15,184 shares in the last quarter. Hedge funds and other institutional investors own 79.60% of the company’s stock.
NATI traded down $0.17 during midday trading on Wednesday, hitting $43.61. 5,704 shares of the company’s stock traded hands, compared to its average volume of 492,994. The company has a market cap of $5.69 billion, a PE ratio of 32.67 and a beta of 0.92. The stock’s fifty day simple moving average is $42.87 and its 200-day simple moving average is $43.26. National Instruments Corp has a one year low of $38.01 and a one year high of $51.00.
National Instruments (NASDAQ:NATI) last posted its earnings results on Tuesday, July 30th. The technology company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). National Instruments had a return on equity of 15.03% and a net margin of 11.22%. The business had revenue of $334.23 million during the quarter, compared to the consensus estimate of $339.60 million. On average, equities analysts forecast that National Instruments Corp will post 1.3 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 12th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, August 9th. National Instruments’s payout ratio is presently 74.63%.
In other news, Director Jeffrey L. Kodosky sold 2,000 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $42.85, for a total transaction of $85,700.00. Following the completion of the sale, the director now owns 348,410 shares in the company, valued at approximately $14,929,368.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold 21,500 shares of company stock valued at $916,130 in the last ninety days. Insiders own 1.79% of the company’s stock.
Several research firms have weighed in on NATI. Zacks Investment Research lowered shares of National Instruments from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. BidaskClub upgraded shares of National Instruments from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Finally, ValuEngine downgraded shares of National Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $49.33.
About National Instruments
National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes LabVIEW, a graphical application software package to visualize hardware configuration, measurement data, and debugging of application; LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox with built-in libraries for measurement, analysis, and engineering UI design; and NI Measurement Studio, a suite of .NET tools designed for building engineering applications in Microsoft Visual Studio to acquire, analyze, and display measurement data.
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