National Instruments Co. (NASDAQ:NATI) Shares Sold by Raymond James & Associates

Raymond James & Associates lessened its holdings in shares of National Instruments Co. (NASDAQ:NATIGet Rating) by 8.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 115,185 shares of the technology company’s stock after selling 10,476 shares during the period. Raymond James & Associates owned 0.09% of National Instruments worth $4,347,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Mission Wealth Management LP raised its position in shares of National Instruments by 1.2% during the 3rd quarter. Mission Wealth Management LP now owns 24,257 shares of the technology company’s stock worth $915,000 after acquiring an additional 277 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in National Instruments by 4.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,801 shares of the technology company’s stock worth $269,000 after buying an additional 298 shares during the last quarter. Summit Trail Advisors LLC grew its stake in National Instruments by 5.3% during the 2nd quarter. Summit Trail Advisors LLC now owns 7,372 shares of the technology company’s stock worth $230,000 after buying an additional 372 shares during the last quarter. Toth Financial Advisory Corp grew its stake in National Instruments by 53.1% during the 3rd quarter. Toth Financial Advisory Corp now owns 1,225 shares of the technology company’s stock worth $46,000 after buying an additional 425 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in National Instruments by 32.8% during the 2nd quarter. Van ECK Associates Corp now owns 1,771 shares of the technology company’s stock worth $55,000 after buying an additional 437 shares during the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.

Insider Buying and Selling

In related news, CEO Eric Howard Starkloff sold 800 shares of National Instruments stock in a transaction on Thursday, November 10th. The stock was 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 of the company’s stock, valued at $11,459,120. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Ritu Favre sold 1,437 shares of National Instruments stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $38.18, for a total transaction of $54,864.66. Following the completion of the transaction, the executive vice president now directly owns 38,465 shares of the company’s stock, valued at $1,468,593.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Eric Howard Starkloff sold 800 shares of National Instruments stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $40.00, for a total value of $32,000.00. Following the transaction, the chief executive officer now directly owns 286,478 shares of the company’s stock, valued at $11,459,120. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,237 shares of company stock valued at $223,071. 0.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Morgan Stanley restated an “overweight” rating and set a $52.00 price target on shares of National Instruments in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on National Instruments from $43.00 to $46.00 and gave the stock a “neutral” rating in a research note on Monday, October 10th. UBS Group assumed coverage on National Instruments in a research note on Thursday, October 20th. They issued a “neutral” rating and a $43.00 target price on the stock. Jefferies Financial Group assumed coverage on National Instruments in a research note on Tuesday, November 22nd. They issued a “buy” rating and a $50.00 target price on the stock. Finally, Robert W. Baird lifted their target price on National Instruments from $46.00 to $50.00 in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.13.

National Instruments Stock Up 10.8 %

National Instruments stock opened at $52.04 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.58. National Instruments Co. has a 1-year low of $29.81 and a 1-year high of $54.69. The company has a market cap of $6.79 billion, a PE ratio of 49.56 and a beta of 1.09. The stock’s 50 day moving average price is $39.54 and its 200 day moving average price is $38.61.

National Instruments (NASDAQ:NATIGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. National Instruments had a return on equity of 16.91% and a net margin of 8.59%. The firm had revenue of $427.93 million for the quarter, compared to the consensus estimate of $426.71 million. On average, sell-side analysts predict that National Instruments Co. will post 1.39 EPS for the current fiscal year.

National Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 28th. Investors of record on Monday, November 7th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $1.12 annualized dividend and a yield of 2.15%. National Instruments’s dividend payout ratio is presently 106.67%.

National Instruments Profile

(Get Rating)

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

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

Receive News & Ratings for National Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Instruments and related companies with MarketBeat.com's FREE daily email newsletter.