National Instruments Co. (NASDAQ:NATI) Shares Sold by Blair William & Co. IL

Blair William & Co. IL cut its position in shares of National Instruments Co. (NASDAQ:NATIFree Report) by 17.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 22,686 shares of the technology company’s stock after selling 4,902 shares during the period. Blair William & Co. IL’s holdings in National Instruments were worth $1,189,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in National Instruments by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 13,180,350 shares of the technology company’s stock worth $497,426,000 after buying an additional 297,706 shares during the last quarter. Amundi raised its position in shares of National Instruments by 3.0% during the 4th quarter. Amundi now owns 5,438,264 shares of the technology company’s stock worth $211,331,000 after purchasing an additional 156,431 shares during the period. State Street Corp raised its position 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 purchasing an additional 81,689 shares during the period. Morgan Stanley raised its position 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 purchasing an additional 2,231,458 shares during the period. Finally, Neuberger Berman Group LLC raised 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 worth $78,761,000 after purchasing an additional 26,682 shares during the period. 80.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com began coverage on National Instruments in a research report on Saturday, September 2nd. They set a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $52.57.

Read Our Latest Analysis on National Instruments

National Instruments Stock Down 0.1 %

NATI opened at $59.81 on Friday. National Instruments Co. has a 12 month low of $34.97 and a 12 month high of $59.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.49 and a quick ratio of 1.54. The stock has a market cap of $7.94 billion, a P/E ratio of 44.30 and a beta of 1.15. The stock’s 50 day moving average price is $58.43 and its 200 day moving average price is $56.35.

National Instruments (NASDAQ:NATIGet Free Report) last posted its earnings results on Thursday, July 27th. The technology company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04). National Instruments had a net margin of 10.37% and a return on equity of 22.27%. The business had revenue of $416.80 million during the quarter, compared to analyst estimates of $441.49 million. As a group, research analysts predict that National Instruments Co. will post 1.74 earnings per share for the current year.

National Instruments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Monday, August 7th. National Instruments’s dividend payout ratio (DPR) is presently 82.96%.

About National Instruments

(Free Report)

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

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