Cullen Frost Bankers Inc. acquired a new position in National Instruments Corporation (NASDAQ:NATI) during the second quarter, Holdings Channel reports. The firm acquired 5,415 shares of the technology company’s stock, valued at approximately $218,000.

Several other large investors have also modified their holdings of NATI. Dubuque Bank & Trust Co. acquired a new stake in shares of National Instruments Corporation during the first quarter worth $163,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of National Instruments Corporation by 56.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 244,316 shares of the technology company’s stock worth $7,955,000 after buying an additional 88,092 shares in the last quarter. State Treasurer State of Michigan raised its stake in shares of National Instruments Corporation by 1.4% in the first quarter. State Treasurer State of Michigan now owns 43,175 shares of the technology company’s stock worth $1,406,000 after buying an additional 600 shares in the last quarter. Baillie Gifford & Co. raised its stake in shares of National Instruments Corporation by 1.3% in the first quarter. Baillie Gifford & Co. now owns 679,221 shares of the technology company’s stock worth $22,116,000 after buying an additional 8,673 shares in the last quarter. Finally, Teachers Advisors LLC raised 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 in the last quarter. Hedge funds and other institutional investors own 75.95% of the company’s stock.

National Instruments Corporation (NASDAQ:NATI) opened at 40.24 on Thursday. National Instruments Corporation has a 52 week low of $26.74 and a 52 week high of $43.74. The firm’s 50-day moving average price is $41.03 and its 200-day moving average price is $35.82. The stock has a market cap of $5.25 billion, a PE ratio of 54.45 and a beta of 0.94.

National Instruments Corporation (NASDAQ:NATI) last announced its earnings results on Thursday, July 27th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.08. The business 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%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. Equities analysts predict that National Instruments Corporation will post $0.92 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, August 10th. This represents a $0.84 annualized dividend and a yield of 2.09%. National Instruments Corporation’s dividend payout ratio (DPR) is presently 107.69%.

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

In other news, Director Jeffrey L. Kodosky sold 2,000 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $37.47, for a total value of $74,940.00. Following the completion of the sale, the director now owns 388,771 shares of the company’s stock, valued at approximately $14,567,249.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James J. Truchard sold 7,500 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $36.77, for a total value of $275,775.00. Following the completion of the sale, the director now directly owns 9,151,416 shares of the company’s stock, valued at approximately $336,497,566.32. The disclosure for this sale can be found here. Insiders have sold a total of 95,749 shares of company stock worth $3,787,770 in the last ninety days. Insiders own 9.92% of the company’s stock.

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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