Alps Advisors Inc. decreased its holdings in shares of National Instruments Co. (NASDAQ:NATI) by 32.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,839 shares of the technology company’s stock after selling 9,634 shares during the quarter. Alps Advisors Inc.’s holdings in National Instruments were worth $708,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NATI. Bell Bank grew its stake in shares of National Instruments by 2.7% during the third quarter. Bell Bank now owns 15,579 shares of the technology company’s stock worth $556,000 after purchasing an additional 414 shares during the period. Capital Investment Counsel Inc raised its position in shares of National Instruments by 7.5% in the 3rd quarter. Capital Investment Counsel Inc now owns 7,200 shares of the technology company’s stock valued at $257,000 after acquiring an additional 500 shares during the period. O Shares Investment Advisers LLC raised its position in shares of National Instruments by 2.1% in the 2nd quarter. O Shares Investment Advisers LLC now owns 27,706 shares of the technology company’s stock valued at $1,072,000 after acquiring an additional 579 shares during the period. New York State Teachers Retirement System boosted its stake in National Instruments by 0.4% during the 2nd quarter. New York State Teachers Retirement System now owns 156,835 shares of the technology company’s stock worth $6,071,000 after acquiring an additional 600 shares during the last quarter. Finally, Mission Wealth Management LP grew its holdings in National Instruments by 12.6% during the third quarter. Mission Wealth Management LP now owns 6,818 shares of the technology company’s stock valued at $243,000 after purchasing an additional 761 shares during the period. Hedge funds and other institutional investors own 84.60% of the company’s stock.

Several equities analysts have recently issued reports on NATI shares. Zacks Investment Research raised shares of National Instruments from a “sell” rating to a “hold” rating in a report on Tuesday, September 29th. 140166 restated a “hold” rating and issued a $35.00 price target on shares of National Instruments in a report on Tuesday, August 4th. The Goldman Sachs Group started coverage on National Instruments in a research report on Thursday, August 13th. They set a “neutral” rating and a $38.00 price target on the stock. JPMorgan Chase & Co. lowered National Instruments from a “neutral” rating to an “underweight” rating and set a $37.00 price objective for the company. in a research report on Thursday, October 8th. Finally, Royal Bank of Canada restated a “hold” rating and set a $39.00 target price on shares of National Instruments in a report on Sunday, August 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $40.57.

Shares of NATI opened at $36.05 on Friday. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 24.03 and a beta of 1.00. National Instruments Co. has a 12 month low of $20.42 and a 12 month high of $47.89. The firm has a fifty day simple moving average of $34.94 and a 200 day simple moving average of $36.62. The company has a current ratio of 2.38, a quick ratio of 1.75 and a debt-to-equity ratio of 0.07.

National Instruments (NASDAQ:NATI) last issued its quarterly earnings results on Thursday, October 29th. The technology company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.13). The business had revenue of $308.12 million for the quarter, compared to the consensus estimate of $305.05 million. National Instruments had a return on equity of 10.01% and a net margin of 15.35%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. As a group, research analysts predict that National Instruments Co. will post 0.81 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 7th. Shareholders of record on Monday, November 16th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.88%. National Instruments’s dividend payout ratio is 79.39%.

About National Instruments

National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes NI LabVIEW, a graphical software platform to visualize hardware configuration, measurement data, and debugging of application; NI 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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Institutional Ownership by Quarter for National Instruments (NASDAQ:NATI)

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