MUFG Securities EMEA plc acquired a new position in National Instruments Corp (NASDAQ:NATI) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 23,163 shares of the technology company’s stock, valued at approximately $1,051,000.
A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in National Instruments by 18.3% in the fourth quarter. BlackRock Inc. now owns 11,625,479 shares of the technology company’s stock worth $527,565,000 after purchasing an additional 1,800,639 shares during the period. Vanguard Group Inc. lifted its stake in National Instruments by 3.0% in the third quarter. Vanguard Group Inc. now owns 11,334,275 shares of the technology company’s stock valued at $547,785,000 after buying an additional 328,378 shares during the last quarter. Vanguard Group Inc lifted its stake in National Instruments by 3.0% in the third quarter. Vanguard Group Inc now owns 11,334,275 shares of the technology company’s stock valued at $547,785,000 after buying an additional 328,378 shares during the last quarter. William Blair Investment Management LLC lifted its stake in National Instruments by 19.6% in the third quarter. William Blair Investment Management LLC now owns 2,765,862 shares of the technology company’s stock valued at $133,674,000 after buying an additional 453,597 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its stake in National Instruments by 1.7% in the third quarter. King Luther Capital Management Corp now owns 2,017,755 shares of the technology company’s stock valued at $97,518,000 after buying an additional 32,919 shares during the last quarter. 77.80% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Jeffrey L. Kodosky sold 1,600 shares of National Instruments stock in a transaction dated Monday, December 24th. The shares were sold at an average price of $42.63, for a total transaction of $68,208.00. Following the sale, the director now directly owns 360,045 shares in the company, valued at $15,348,718.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $45.30, for a total transaction of $90,600.00. Following the sale, the director now owns 356,586 shares in the company, valued at $16,153,345.80. The disclosure for this sale can be found here. Insiders sold 23,700 shares of company stock worth $1,072,373 over the last quarter. 7.98% of the stock is currently owned by company insiders.
National Instruments (NASDAQ:NATI) last posted its earnings results on Tuesday, January 29th. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The company had revenue of $360.10 million during the quarter, compared to the consensus estimate of $380.05 million. National Instruments had a net margin of 11.41% and a return on equity of 15.11%. On average, equities research analysts anticipate that National Instruments Corp will post 1.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.21%. This is a boost from National Instruments’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, February 8th. National Instruments’s dividend payout ratio (DPR) is presently 74.63%.
A number of equities research analysts have issued reports on the company. BidaskClub upgraded National Instruments from a “sell” rating to a “hold” rating in a research note on Friday, January 11th. Zacks Investment Research cut National Instruments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 22nd. Finally, ValuEngine cut National Instruments from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $48.50.
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National Instruments Company Profile
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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