National Instruments Corp (NASDAQ:NATI) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. trimmed its holdings in National Instruments Corp (NASDAQ:NATI) by 17.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,080 shares of the technology company’s stock after selling 14,750 shares during the period. Twin Capital Management Inc. owned 0.05% of National Instruments worth $2,859,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in shares of National Instruments by 6.4% in 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 last quarter. Geode Capital Management LLC raised 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 valued at $61,141,000 after buying an additional 173,357 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of National Instruments by 4.9% in the first quarter. Baillie Gifford & Co. now owns 833,267 shares of the technology company’s stock valued at $36,964,000 after buying an additional 39,202 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of National Instruments by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 762,742 shares of the technology company’s stock valued at $34,611,000 after buying an additional 23,237 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its position in shares of National Instruments by 2.2% in 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 buying an additional 15,184 shares during the last quarter. Institutional investors and hedge funds own 79.47% of the company’s stock.

Shares of NATI traded up $0.99 during mid-day trading on Friday, reaching $42.78. The stock had a trading volume of 14,025 shares, compared to its average volume of 818,407. National Instruments Corp has a 52-week low of $38.01 and a 52-week high of $51.00. The business’s fifty day moving average is $43.05 and its 200 day moving average is $43.59. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 31.87 and a beta of 0.93.



The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 12th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Friday, August 9th. National Instruments’s dividend payout ratio is currently 74.63%.

In related news, Director Jeffrey L. Kodosky sold 2,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $38.56, for a total value of $77,120.00. Following the completion of the sale, the director now owns 350,410 shares of the company’s stock, valued at $13,511,809.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 21,000 shares of company stock valued at $881,885 in the last three months. 1.79% of the stock is currently owned by insiders.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of National Instruments from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. ValuEngine cut shares of National Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Deutsche Bank cut shares of National Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, BidaskClub raised shares of National Instruments from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. National Instruments presently has an average rating of “Hold” and a consensus target price of $49.33.

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

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