National Instruments Corp (NASDAQ:NATI) Stake Reduced by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. reduced its stake in shares of National Instruments Corp (NASDAQ:NATI) by 7.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,557 shares of the technology company’s stock after selling 456 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in National Instruments were worth $233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of National Instruments by 12.9% in the second quarter. BlackRock Inc. now owns 13,961,880 shares of the technology company’s stock worth $586,260,000 after purchasing an additional 1,596,337 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of National Instruments by 0.5% in the second quarter. Vanguard Group Inc. now owns 11,806,227 shares of the technology company’s stock worth $495,743,000 after purchasing an additional 58,451 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of National Instruments by 14.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 10,007,810 shares of the technology company’s stock worth $420,228,000 after purchasing an additional 1,299,706 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of National Instruments by 43.6% in the second quarter. William Blair Investment Management LLC now owns 2,278,426 shares of the technology company’s stock worth $95,671,000 after purchasing an additional 691,317 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of National Instruments by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 1,703,367 shares of the technology company’s stock worth $71,525,000 after purchasing an additional 57,719 shares in the last quarter. Hedge funds and other institutional investors own 80.12% of the company’s stock.

In related news, Director Jeffrey L. Kodosky sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $41.21, for a total transaction of $82,420.00. Following the completion of the transaction, the director now owns 343,910 shares of the company’s stock, valued at $14,172,531.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 9,500 shares of company stock valued at $399,535 in the last ninety days. Company insiders own 1.79% of the company’s stock.

Several research analysts have recently issued reports on the company. ValuEngine raised National Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. Susquehanna Bancshares assumed coverage on National Instruments in a research note on Friday, October 18th. They issued a “neutral” rating and a $40.00 price target for the company. BidaskClub raised National Instruments from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Zacks Investment Research cut National Instruments from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. National Instruments presently has an average rating of “Hold” and a consensus price target of $45.00.

Shares of NATI stock opened at $43.46 on Friday. The stock has a 50-day simple moving average of $41.45 and a 200 day simple moving average of $41.97. National Instruments Corp has a fifty-two week low of $38.01 and a fifty-two week high of $50.26. The stock has a market capitalization of $5.65 billion, a P/E ratio of 32.68 and a beta of 0.89.

National Instruments (NASDAQ:NATI) last announced its earnings results on Tuesday, October 29th. The technology company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. National Instruments had a return on equity of 14.73% and a net margin of 11.90%. The business had revenue of $340.44 million during the quarter, compared to analysts’ expectations of $338.95 million. During the same quarter last year, the business posted $0.45 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Sell-side analysts expect that National Instruments Corp will post 1.26 EPS for the current year.

The company also recently announced a dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 11th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 7th. National Instruments’s dividend payout ratio is currently 74.63%.

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

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