Profund Advisors LLC lessened its holdings in shares of National Instruments Corp (NASDAQ:NATI) by 4.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,011 shares of the technology company’s stock after selling 470 shares during the period. Profund Advisors LLC’s holdings in National Instruments were worth $462,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Nova Scotia raised its position in shares of National Instruments by 5.7% during the 2nd quarter. Bank of Nova Scotia now owns 12,678 shares of the technology company’s stock worth $532,000 after acquiring an additional 678 shares in the last quarter. MUFG Securities EMEA plc increased its position in National Instruments by 958.4% during the second quarter. MUFG Securities EMEA plc now owns 28,258 shares of the technology company’s stock worth $1,187,000 after buying an additional 25,588 shares during the period. Cibc World Markets Corp acquired a new position in National Instruments during the second quarter worth approximately $328,000. Northern Trust Corp increased its position in National Instruments by 10.2% during the second quarter. Northern Trust Corp now owns 1,122,033 shares of the technology company’s stock worth $47,113,000 after buying an additional 104,288 shares during the period. Finally, Public Employees Retirement System of Ohio increased its position in National Instruments by 2.1% during the second quarter. Public Employees Retirement System of Ohio now owns 209,020 shares of the technology company’s stock worth $8,777,000 after buying an additional 4,273 shares during the period. 79.52% of the stock is currently owned by institutional investors and hedge funds.

NATI has been the topic of several research analyst reports. Zacks Investment Research lowered National Instruments from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. BidaskClub raised National Instruments from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. Finally, ValuEngine lowered National Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $49.33.

NATI traded down $0.37 during trading on Friday, hitting $43.07. 5,864 shares of the stock were exchanged, compared to its average volume of 497,346. The firm has a market capitalization of $5.74 billion, a P/E ratio of 32.20 and a beta of 0.92. National Instruments Corp has a 1-year low of $38.01 and a 1-year high of $51.00. The stock has a fifty day moving average price of $42.69 and a two-hundred day moving average price of $43.15.

National Instruments (NASDAQ:NATI) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.02). The firm had revenue of $334.23 million for the quarter, compared to analyst estimates of $339.60 million. National Instruments had a return on equity of 15.03% and a net margin of 11.22%. On average, analysts forecast that National Instruments Corp will post 1.3 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Friday, August 9th. National Instruments’s payout ratio is currently 74.63%.

In other news, Director Jeffrey L. Kodosky sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $45.03, for a total value of $90,060.00. Following the transaction, the director now owns 346,410 shares of the company’s stock, valued at $15,598,842.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders sold 21,500 shares of company stock worth $918,135. Corporate insiders own 1.79% of the company’s stock.

About National Instruments

National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes LabVIEW, a graphical application software package to visualize hardware configuration, measurement data, and debugging of application; 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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