Sei Investments Co. boosted its stake in shares of National Instruments Corporation (NASDAQ:NATI) by 8.8% during the second quarter, Holdings Channel reports. The institutional investor owned 193,971 shares of the technology company’s stock after buying an additional 15,711 shares during the period. Sei Investments Co.’s holdings in National Instruments Corporation were worth $7,801,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in NATI. Guggenheim Capital LLC raised its position in shares of National Instruments Corporation by 47.5% in the fourth quarter. Guggenheim Capital LLC now owns 16,846 shares of the technology company’s stock valued at $519,000 after buying an additional 5,428 shares in the last quarter. Teachers Advisors LLC raised its position 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 valued at $3,700,000 after buying an additional 25,722 shares in the last quarter. First National Bank of Omaha raised its position in shares of National Instruments Corporation by 25.6% in the first quarter. First National Bank of Omaha now owns 30,496 shares of the technology company’s stock valued at $993,000 after buying an additional 6,225 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of National Instruments Corporation by 0.6% in the first quarter. Capstone Asset Management Co. now owns 8,398 shares of the technology company’s stock valued at $273,000 after buying an additional 50 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of National Instruments Corporation by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 26,800 shares of the technology company’s stock valued at $873,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 75.95% of the company’s stock.

National Instruments Corporation (NATI) opened at 39.58 on Friday. National Instruments Corporation has a 1-year low of $26.74 and a 1-year high of $43.74. The firm has a 50-day moving average price of $41.04 and a 200 day moving average price of $35.91. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 53.56 and a beta of 0.94.

National Instruments Corporation (NASDAQ:NATI) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. The company had revenue of $318.61 million for the quarter, compared to analyst estimates of $321.07 million. National Instruments Corporation had a return on equity of 9.81% and a net margin of 8.11%. National Instruments Corporation’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS. On average, equities research analysts anticipate that National Instruments Corporation will post $0.92 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Thursday, August 10th. National Instruments Corporation’s dividend payout ratio is currently 107.69%.

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Several equities analysts have recently commented on NATI shares. 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 note on Tuesday, May 2nd. Deutsche Bank AG started coverage on National Instruments Corporation in a research note on Tuesday, May 16th. They set a “hold” rating and a $34.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $46.00 target price on shares of National Instruments Corporation in a research note on Sunday, July 30th. Finally, BidaskClub lowered National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $40.25.

In other National Instruments Corporation news, insider Scott Arthur Rust sold 3,288 shares of the stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $38.34, for a total value of $126,061.92. Following the sale, the insider now owns 17,189 shares of the company’s stock, valued at approximately $659,026.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James J. Truchard sold 7,500 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $40.57, for a total value of $304,275.00. Following the completion of the sale, the director now directly owns 9,061,416 shares in the company, valued at approximately $367,621,647.12. The disclosure for this sale can be found here. Insiders sold a total of 95,749 shares of company stock worth $3,787,770 in the last ninety days. 9.92% of the stock is owned by corporate insiders.

About National Instruments Corporation

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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