WINTON GROUP Ltd Acquires Shares of 9,836 National Instruments Co. (NASDAQ:NATI)

WINTON GROUP Ltd acquired a new stake in National Instruments Co. (NASDAQ:NATIGet Rating) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,836 shares of the technology company’s stock, valued at approximately $307,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in shares of National Instruments during the first quarter worth $25,000. Toth Financial Advisory Corp bought a new position in shares of National Instruments during the second quarter worth $25,000. Van ECK Associates Corp bought a new position in shares of National Instruments during the first quarter worth $54,000. First Horizon Advisors Inc. bought a new position in shares of National Instruments during the second quarter worth $50,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of National Instruments by 5,855.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,727 shares of the technology company’s stock worth $54,000 after purchasing an additional 1,698 shares in the last quarter. 83.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. TheStreet raised shares of National Instruments from a “c” rating to a “b-” rating in a research report on Thursday, October 27th. UBS Group initiated coverage on shares of National Instruments in a research report on Thursday, October 20th. They issued a “neutral” rating and a $43.00 price objective on the stock. StockNews.com upgraded shares of National Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, November 16th. JPMorgan Chase & Co. lifted their price target on shares of National Instruments from $43.00 to $46.00 and gave the company a “neutral” rating in a research note on Monday, October 10th. Finally, Morgan Stanley lowered their price target on shares of National Instruments from $49.00 to $47.00 and set an “overweight” rating on the stock in a research note on Friday, October 28th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.67.

National Instruments Stock Up 0.4 %

Shares of NATI stock opened at $40.09 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 2.45. The firm’s 50-day moving average is $39.13 and its 200-day moving average is $36.79. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of 38.18 and a beta of 1.06. National Instruments Co. has a 52-week low of $29.81 and a 52-week high of $45.98.

National Instruments Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 7th will be issued a $0.28 dividend. The ex-dividend date is Friday, November 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.79%. National Instruments’s payout ratio is 106.67%.

Insider Activity

In other news, EVP Ritu Favre sold 1,437 shares of the company’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $38.18, for a total value of $54,864.66. Following the sale, the executive vice president now directly owns 38,465 shares of the company’s stock, valued at approximately $1,468,593.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other National Instruments news, EVP Ritu Favre sold 1,437 shares of the stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $38.18, for a total value of $54,864.66. Following the transaction, the executive vice president now directly owns 38,465 shares of the company’s stock, valued at approximately $1,468,593.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eric Howard Starkloff sold 800 shares of the stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $40.00, for a total transaction of $32,000.00. Following the completion of the transaction, the chief executive officer now directly owns 286,478 shares in the company, valued at $11,459,120. The disclosure for this sale can be found here. 0.64% of the stock is owned by insiders.

National Instruments Company Profile

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National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes NI LabVIEW, a graphical software platform to visualize hardware configuration, measurement data, and debugging of application; NI LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox; and NI Measurement Studio, a suite of .NET tools for building engineering applications in Microsoft Visual Studio.

See Also

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

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