National Instruments (NATI) Shares Bought by Prudential Financial Inc.

Prudential Financial Inc. lifted its holdings in shares of National Instruments (NASDAQ:NATI) by 313.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 489,658 shares of the technology company’s stock after acquiring an additional 371,180 shares during the quarter. Prudential Financial Inc. owned approximately 0.37% of National Instruments worth $24,762,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in National Instruments by 44.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,028 shares of the technology company’s stock valued at $169,000 after purchasing an additional 1,241 shares during the period. CIBC Asset Management Inc bought a new stake in National Instruments in the 1st quarter valued at $220,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in National Instruments by 52.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,459 shares of the technology company’s stock valued at $269,000 after purchasing an additional 2,218 shares during the period. Meadow Creek Investment Management LLC boosted its stake in National Instruments by 22.3% in the 4th quarter. Meadow Creek Investment Management LLC now owns 6,752 shares of the technology company’s stock valued at $281,000 after purchasing an additional 1,232 shares during the period. Finally, Dean Capital Investments Management LLC bought a new stake in National Instruments in the 4th quarter valued at $283,000. Institutional investors own 77.31% of the company’s stock.

NASDAQ:NATI opened at $41.29 on Friday. The firm has a market cap of $5.43 billion, a PE ratio of 43.93 and a beta of 0.99. National Instruments has a fifty-two week low of $36.59 and a fifty-two week high of $53.57.

National Instruments (NASDAQ:NATI) last released its earnings results 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 during the quarter, compared to the consensus estimate of $322.77 million. National Instruments had a return on equity of 11.50% and a net margin of 4.50%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. sell-side analysts anticipate that National Instruments will post 1.22 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 4th. Stockholders of record on Monday, May 14th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, May 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.23%. National Instruments’s payout ratio is 97.87%.

In other news, Director James J. Truchard sold 342,500 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $50.38, for a total transaction of $17,255,150.00. Following the completion of the transaction, the director now owns 8,120,037 shares of the company’s stock, valued at approximately $409,087,464.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gerhard Paul Fettweis sold 800 shares of the business’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $42.11, for a total value of $33,688.00. Following the transaction, the director now directly owns 10,182 shares of the company’s stock, valued at approximately $428,764.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,137,900 shares of company stock valued at $57,419,762. Corporate insiders own 7.98% of the company’s stock.

Several research firms recently issued reports on NATI. Zacks Investment Research downgraded National Instruments from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. BidaskClub upgraded National Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Stifel Nicolaus boosted their price target on National Instruments from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. ValuEngine upgraded National Instruments from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Robert W. Baird reiterated a “buy” rating on shares of National Instruments in a research report on Wednesday, January 31st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. National Instruments has a consensus 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.

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

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