Baillie Gifford & Co. Boosts Holdings in National Instruments Corporation (NATI)
Baillie Gifford & Co. raised its position in National Instruments Corporation (NASDAQ:NATI) by 4.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 799,712 shares of the technology company’s stock after purchasing an additional 35,122 shares during the period. Baillie Gifford & Co. owned about 0.61% of National Instruments Corporation worth $33,723,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Public Employees Retirement Association of Colorado grew its holdings in National Instruments Corporation by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 23,879 shares of the technology company’s stock valued at $960,000 after purchasing an additional 69 shares during the last quarter. Capstone Asset Management Co. grew its holdings in National Instruments Corporation by 1.0% in the second quarter. Capstone Asset Management Co. now owns 8,478 shares of the technology company’s stock valued at $341,000 after purchasing an additional 80 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in National Instruments Corporation by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 9,331 shares of the technology company’s stock valued at $375,000 after purchasing an additional 169 shares during the last quarter. World Asset Management Inc grew its holdings in National Instruments Corporation by 3.3% in the second quarter. World Asset Management Inc now owns 7,485 shares of the technology company’s stock valued at $301,000 after purchasing an additional 237 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in National Instruments Corporation by 6.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,058 shares of the technology company’s stock valued at $163,000 after purchasing an additional 241 shares during the last quarter. 80.60% of the stock is currently owned by institutional investors.
National Instruments Corporation (NASDAQ:NATI) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. National Instruments Corporation had a return on equity of 10.16% and a net margin of 8.72%. The company had revenue of $320.90 million for the quarter, compared to the consensus estimate of $319.78 million. During the same quarter in the previous year, the business earned $0.25 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, November 10th. National Instruments Corporation’s dividend payout ratio is presently 100.00%.
In other news, Director Jeffrey L. Kodosky sold 2,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $42.36, for a total transaction of $84,720.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James J. Truchard sold 7,500 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $40.57, for a total value of $304,275.00. Following the sale, the director now directly owns 9,061,416 shares in the company, valued at $367,621,647.12. The disclosure for this sale can be found here. Insiders sold a total of 70,000 shares of company stock worth $2,945,410 in the last three months. Company insiders own 9.92% of the company’s stock.
NATI has been the topic of several research reports. Zacks Investment Research lowered National Instruments Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Stifel Nicolaus reissued 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 National Instruments Corporation from a “buy” rating to a “hold” rating in a report on Sunday, August 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $40.25.
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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