Magnetar Financial LLC bought a new stake in shares of National Instruments Corporation (NASDAQ:NATI) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,840 shares of the technology company’s stock, valued at approximately $204,000.

Several other large investors have also bought and sold shares of NATI. The Manufacturers Life Insurance Company increased its stake in National Instruments by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 157,283 shares of the technology company’s stock worth $6,326,000 after buying an additional 2,772 shares during the period. Clinton Group Inc. purchased a new stake in National Instruments during the 2nd quarter worth $604,000. American Century Companies Inc. purchased a new stake in National Instruments during the 2nd quarter worth $43,967,000. Comerica Bank increased its stake in National Instruments by 1.4% during the 2nd quarter. Comerica Bank now owns 83,274 shares of the technology company’s stock worth $3,585,000 after buying an additional 1,176 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new stake in National Instruments during the 2nd quarter worth $2,652,000. Institutional investors and hedge funds own 78.05% of the company’s stock.

NATI has been the topic of several analyst reports. Zacks Investment Research downgraded shares of National Instruments from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Stifel Nicolaus reaffirmed a “buy” rating and set a $46.00 price target on shares of National Instruments in a research note on Sunday, October 29th. Finally, BidaskClub downgraded shares of National Instruments from a “sell” rating to a “strong sell” rating in a research note on Saturday. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. National Instruments currently has an average rating of “Hold” and a consensus target price of $40.25.

In other news, Director James J. Truchard sold 7,500 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $42.58, for a total value of $319,350.00. Following the completion of the sale, the director now owns 374,271 shares of the company’s stock, valued at approximately $15,936,459.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey L. Kodosky sold 2,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $42.36, for a total transaction of $84,720.00. The disclosure for this sale can be found here. Insiders sold a total of 1,053,651 shares of company stock valued at $45,991,294 in the last three months. Insiders own 9.92% of the company’s stock.

Shares of National Instruments Corporation (NASDAQ NATI) opened at $41.97 on Monday. The firm has a market cap of $5,487.37, a PE ratio of 47.69 and a beta of 0.93. National Instruments Corporation has a 1 year low of $29.80 and a 1 year high of $46.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.22 and a quick ratio of 2.53.

National Instruments (NASDAQ:NATI) last released its earnings results on Thursday, October 26th. The technology company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The company had revenue of $320.90 million during the quarter, compared to the consensus estimate of $319.78 million. National Instruments had a net margin of 8.72% and a return on equity of 10.16%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 EPS. equities research analysts forecast that National Instruments Corporation will post 0.93 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 13th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Friday, November 10th. National Instruments’s payout ratio is currently 100.00%.

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National Instruments 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 (NASDAQ:NATI)

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