Acadian Asset Management LLC raised its position in shares of National Instruments Corporation (NASDAQ:NATI) by 29.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,683 shares of the technology company’s stock after buying an additional 1,764 shares during the period. Acadian Asset Management LLC’s holdings in National Instruments Corporation were worth $309,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Guggenheim Capital LLC boosted its stake in shares of National Instruments Corporation by 47.5% in the fourth quarter. Guggenheim Capital LLC now owns 16,846 shares of the technology company’s stock worth $519,000 after buying an additional 5,428 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of National Instruments Corporation by 27.3% in the fourth quarter. Teachers Advisors LLC now owns 120,038 shares of the technology company’s stock worth $3,700,000 after buying an additional 25,722 shares during the last quarter. First National Bank of Omaha boosted its stake in shares of National Instruments Corporation by 25.6% in the first quarter. First National Bank of Omaha now owns 30,496 shares of the technology company’s stock worth $993,000 after buying an additional 6,225 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of National Instruments Corporation by 0.6% in the first quarter. Capstone Asset Management Co. now owns 8,398 shares of the technology company’s stock worth $273,000 after buying an additional 50 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of National Instruments Corporation by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 26,800 shares of the technology company’s stock worth $873,000 after buying an additional 700 shares during the last quarter. 78.90% of the stock is currently owned by hedge funds and other institutional investors.

National Instruments Corporation (NASDAQ NATI) traded down 0.37% on Tuesday, reaching $39.96. 162,013 shares of the company’s stock were exchanged. The stock has a market capitalization of $5.21 billion, a P/E ratio of 54.07 and a beta of 0.94. The firm’s 50 day moving average is $41.05 and its 200 day moving average is $36.03. National Instruments Corporation has a 1-year low of $26.74 and a 1-year high of $43.74.

National Instruments Corporation (NASDAQ:NATI) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.08. The firm had revenue of $318.61 million for the quarter, compared to analysts’ expectations of $321.07 million. National Instruments Corporation had a return on equity of 9.81% and a net margin of 8.11%. National Instruments Corporation’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. Analysts expect that National Instruments Corporation will post $0.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 14th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.84 dividend on an annualized basis and a yield of 2.09%. National Instruments Corporation’s dividend payout ratio is currently 107.69%.

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NATI has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of National Instruments Corporation from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Tuesday, May 2nd. Deutsche Bank AG initiated coverage on shares of National Instruments Corporation in a report on Tuesday, May 16th. They issued a “hold” rating and a $34.00 target price on the stock. Stifel Nicolaus restated a “buy” rating and issued a $46.00 target price on shares of National Instruments Corporation in a report on Sunday, July 30th. Finally, BidaskClub lowered shares of National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. National Instruments Corporation currently has a consensus rating of “Hold” and a consensus price target of $40.25.

In other National Instruments Corporation news, VP John Charles Roiko sold 1,047 shares of National Instruments Corporation stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $38.42, for a total transaction of $40,225.74. Following the transaction, the vice president now owns 18,248 shares of the company’s stock, valued at approximately $701,088.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments Corporation stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $37.47, for a total value of $74,940.00. Following the transaction, the director now directly owns 388,771 shares in the company, valued at approximately $14,567,249.37. The disclosure for this sale can be found here. Insiders sold a total of 88,249 shares of company stock worth $3,511,995 in the last three months. 9.92% of the stock is currently owned by company insiders.

National Instruments Corporation Company Profile

National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers a line of measurement, automation and control products. It offers products, technology and services, which include system design software, programming tools, application software, modular hardware products and related driver software, production test systems, NI education platform, software products for teaching and hardware products for teaching.

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

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