Pacer Advisors Inc. lifted its stake in shares of National Instruments Corp (NASDAQ:NATI) by 16,575.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 45,023 shares of the technology company’s stock after acquiring an additional 44,753 shares during the period. Pacer Advisors Inc.’s holdings in National Instruments were worth $1,891,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in National Instruments by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 762,742 shares of the technology company’s stock valued at $34,611,000 after buying an additional 23,237 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of National Instruments by 14.8% in the 4th quarter. Geode Capital Management LLC now owns 1,347,314 shares of the technology company’s stock valued at $61,141,000 after acquiring an additional 173,357 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of National Instruments by 18.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,563 shares of the technology company’s stock valued at $424,000 after acquiring an additional 1,516 shares during the last quarter. Texas Permanent School Fund lifted its stake in shares of National Instruments by 3.6% in the 1st quarter. Texas Permanent School Fund now owns 76,321 shares of the technology company’s stock valued at $3,386,000 after acquiring an additional 2,658 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of National Instruments during the 1st quarter valued at $472,000. Institutional investors and hedge funds own 79.60% of the company’s stock.
A number of equities research analysts recently weighed in on the company. BidaskClub upgraded National Instruments from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Zacks Investment Research downgraded National Instruments from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Finally, ValuEngine lowered National Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $49.33.
NASDAQ NATI traded up $0.05 during trading hours on Wednesday, reaching $43.83. The company’s stock had a trading volume of 12,831 shares, compared to its average volume of 492,994. The firm has a fifty day simple moving average of $42.87 and a 200-day simple moving average of $43.26. National Instruments Corp has a 52 week low of $38.01 and a 52 week high of $51.00. The stock has a market cap of $5.69 billion, a P/E ratio of 32.69 and a beta of 0.92.
National Instruments (NASDAQ:NATI) last posted its earnings results on Tuesday, July 30th. The technology company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). National Instruments had a return on equity of 15.03% and a net margin of 11.22%. The business had revenue of $334.23 million for the quarter, compared to the consensus estimate of $339.60 million. On average, sell-side analysts expect that National Instruments Corp will post 1.3 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.28%. National Instruments’s dividend payout ratio (DPR) is presently 74.63%.
In related news, Director Jeffrey L. Kodosky sold 2,000 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $40.26, for a total value of $80,520.00. Following the sale, the director now owns 348,910 shares of the company’s stock, valued at $14,047,116.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 21,500 shares of company stock worth $916,130. 1.79% of the stock is owned by company insiders.
About National Instruments
National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes LabVIEW, a graphical application software package to visualize hardware configuration, measurement data, and debugging of application; LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox with built-in libraries for measurement, analysis, and engineering UI design; and NI Measurement Studio, a suite of .NET tools designed for building engineering applications in Microsoft Visual Studio to acquire, analyze, and display measurement data.
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