National Instruments Co. (NASDAQ:NATI) Stake Lessened by ProShare Advisors LLC

ProShare Advisors LLC lessened its stake in National Instruments Co. (NASDAQ:NATI) by 6.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,525 shares of the technology company’s stock after selling 4,633 shares during the period. ProShare Advisors LLC owned about 0.05% of National Instruments worth $3,749,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in shares of National Instruments in the first quarter worth $30,000. Belpointe Asset Management LLC boosted its holdings in shares of National Instruments by 44.6% during the first quarter. Belpointe Asset Management LLC now owns 730 shares of the technology company’s stock valued at $38,000 after acquiring an additional 225 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of National Instruments by 64.7% during the fourth quarter. Quadrant Capital Group LLC now owns 1,286 shares of the technology company’s stock valued at $47,000 after acquiring an additional 505 shares during the period. Dark Forest Capital Management LP boosted its holdings in shares of National Instruments by 11,536.4% during the fourth quarter. Dark Forest Capital Management LP now owns 1,280 shares of the technology company’s stock valued at $47,000 after acquiring an additional 1,269 shares during the period. Finally, Machina Capital S.A.S. acquired a new stake in National Instruments in the first quarter worth about $52,000. Institutional investors own 80.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on National Instruments in a report on Monday. They set a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $52.57.

National Instruments Price Performance

Shares of National Instruments stock opened at $59.60 on Tuesday. The stock has a market capitalization of $7.91 billion, a P/E ratio of 44.15 and a beta of 1.15. The company has a quick ratio of 1.54, a current ratio of 2.49 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average price of $58.76 and a two-hundred day moving average price of $56.85. National Instruments Co. has a 12-month low of $34.97 and a 12-month high of $59.98.

National Instruments (NASDAQ:NATI) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.04). The company had revenue of $416.80 million during the quarter, compared to analyst estimates of $441.49 million. National Instruments had a return on equity of 22.27% and a net margin of 10.37%. Equities analysts expect that National Instruments Co. will post 1.74 earnings per share for the current year.

National Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 8th were paid a $0.28 dividend. The ex-dividend date was Monday, August 7th. This represents a $1.12 annualized dividend and a dividend yield of 1.88%. National Instruments’s payout ratio is 82.96%.

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.