Tudor Investment Corp Et Al bought a new position in shares of National Instruments Corp (NASDAQ:NATI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,086 shares of the technology company’s stock, valued at approximately $468,000.

Several other institutional investors have also recently bought and sold shares of the company. Stifel Financial Corp lifted its holdings in National Instruments by 7.6% in the second quarter. Stifel Financial Corp now owns 74,615 shares of the technology company’s stock worth $2,888,000 after buying an additional 5,302 shares during the period. Cipher Capital LP lifted its holdings in National Instruments by 208.1% in the second quarter. Cipher Capital LP now owns 31,474 shares of the technology company’s stock worth $1,218,000 after buying an additional 21,258 shares during the period. Advisor Group Holdings Inc. lifted its holdings in National Instruments by 28.8% in the second quarter. Advisor Group Holdings Inc. now owns 14,581 shares of the technology company’s stock worth $564,000 after buying an additional 3,261 shares during the period. First Republic Investment Management Inc. purchased a new stake in National Instruments in the second quarter worth about $355,000. Finally, TD Asset Management Inc. lifted its holdings in National Instruments by 8.9% in the second quarter. TD Asset Management Inc. now owns 369,185 shares of the technology company’s stock worth $14,291,000 after buying an additional 30,100 shares during the period. Institutional investors own 84.60% of the company’s stock.

NATI stock opened at $36.38 on Wednesday. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 18.85 and a beta of 1.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.65 and a current ratio of 3.27. The firm has a 50 day moving average price of $35.77 and a 200-day moving average price of $36.57. National Instruments Corp has a 52-week low of $20.42 and a 52-week high of $47.89.

National Instruments (NASDAQ:NATI) last announced its quarterly earnings results on Thursday, July 30th. The technology company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.08). The firm had revenue of $301.33 million for the quarter, compared to the consensus estimate of $301.51 million. National Instruments had a net margin of 19.25% and a return on equity of 12.46%. As a group, sell-side analysts forecast that National Instruments Corp will post 0.71 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 17th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend was Friday, August 14th. National Instruments’s dividend payout ratio (DPR) is currently 79.39%.

In related news, CMO Carla Pineyro Sublett sold 5,563 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $35.88, for a total transaction of $199,600.44. Following the completion of the sale, the chief marketing officer now owns 31,576 shares of the company’s stock, valued at $1,132,946.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.87% of the stock is owned by company insiders.

Several analysts have commented on NATI shares. BidaskClub lowered shares of National Instruments from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 15th. Zacks Investment Research lowered shares of National Instruments from a “hold” rating to a “sell” rating in a report on Wednesday, August 12th. Goldman Sachs Group started coverage on shares of National Instruments in a report on Thursday, August 13th. They issued a “neutral” rating and a $38.00 price objective for the company. Susquehanna Bancshares reiterated a “hold” rating and set a $35.00 target price on shares of National Instruments in a report on Tuesday, August 4th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $39.00 target price on shares of National Instruments in a report on Sunday, August 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $40.57.

National Instruments Company Profile

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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