Skandinaviska Enskilda Banken AB publ purchased a new position in National Instruments Co. (NASDAQ:NATI – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,000 shares of the technology company’s stock, valued at approximately $524,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in National Instruments by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 13,180,350 shares of the technology company’s stock valued at $497,426,000 after acquiring an additional 297,706 shares during the last quarter. Amundi grew its holdings in National Instruments by 3.0% during the 4th quarter. Amundi now owns 5,438,264 shares of the technology company’s stock valued at $211,331,000 after buying an additional 156,431 shares in the last quarter. State Street Corp raised its holdings in shares of National Instruments by 2.3% during the 3rd quarter. State Street Corp now owns 3,685,700 shares of the technology company’s stock worth $139,098,000 after acquiring an additional 81,689 shares in the last quarter. Morgan Stanley raised its holdings in shares of National Instruments by 219.5% during the 4th quarter. Morgan Stanley now owns 3,247,853 shares of the technology company’s stock worth $119,846,000 after acquiring an additional 2,231,458 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in shares of National Instruments by 1.3% during the 4th quarter. Neuberger Berman Group LLC now owns 2,134,434 shares of the technology company’s stock valued at $78,761,000 after acquiring an additional 26,682 shares during the last quarter. 80.40% of the stock is currently owned by institutional investors.
National Instruments Stock Up 0.0 %
NASDAQ NATI opened at $59.67 on Monday. The company has a quick ratio of 1.54, a current ratio of 2.49 and a debt-to-equity ratio of 0.46. National Instruments Co. has a 52 week low of $34.97 and a 52 week high of $59.98. The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of 44.20 and a beta of 1.17. The company has a fifty day moving average of $57.99 and a two-hundred day moving average of $55.93.
National Instruments Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Monday, August 7th. National Instruments’s payout ratio is currently 82.96%.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on shares of National Instruments in a research note on Friday. They set a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $52.57.
National Instruments Profile
National Instruments Corporation provides a software-centric platform to engineers and scientists worldwide. Its programming environments software includes NI LabVIEW, a graphical software platform to visualize hardware configuration, measurement data, and debugging; 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.
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