APG Asset Management N.V. bought a new stake in shares of National Instruments Co. (NASDAQ:NATI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 163,200 shares of the technology company’s stock, valued at approximately $6,882,000. APG Asset Management N.V. owned approximately 0.13% of National Instruments as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Oakbrook Investments LLC bought a new position in National Instruments during the third quarter valued at about $350,000. Mutual of America Capital Management LLC lifted its holdings in shares of National Instruments by 2.9% during the third quarter. Mutual of America Capital Management LLC now owns 88,460 shares of the technology company’s stock valued at $3,730,000 after purchasing an additional 2,475 shares during the last quarter. USA Financial Portformulas Corp purchased a new stake in shares of National Instruments during the second quarter valued at $1,127,000. WINTON GROUP Ltd lifted its holdings in shares of National Instruments by 64.3% during the second quarter. WINTON GROUP Ltd now owns 183,140 shares of the technology company’s stock valued at $7,366,000 after purchasing an additional 71,654 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of National Instruments by 68.8% during the second quarter. Public Employees Retirement System of Ohio now owns 193,284 shares of the technology company’s stock valued at $7,774,000 after purchasing an additional 78,810 shares during the last quarter. 78.71% of the stock is owned by institutional investors and hedge funds.
Shares of National Instruments Co. (NASDAQ:NATI) opened at $44.91 on Monday. National Instruments Co. has a one year low of $28.36 and a one year high of $46.33. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.53 and a current ratio of 3.22. The firm has a market capitalization of $5,871.76, a PE ratio of 51.03 and a beta of 0.94.
National Instruments (NASDAQ:NATI) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.25 earnings per share for the quarter, topping the Zacks’ 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 return on equity of 10.16% and a net margin of 8.72%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $0.25 EPS. equities research analysts anticipate that National Instruments Co. will post 0.93 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, November 10th. National Instruments’s dividend payout ratio is 100.00%.
In other National Instruments news, Director Jeffrey L. Kodosky sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $39.54, for a total value of $79,080.00. Following the sale, the director now owns 381,771 shares of the company’s stock, valued at approximately $15,095,225.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James J. Truchard sold 985,162 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $43.66, for a total value of $43,012,172.92. Following the completion of the sale, the director now directly owns 8,345,037 shares in the company, valued at approximately $364,344,315.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,047,662 shares of company stock worth $45,663,528. 9.92% of the stock is currently owned by insiders.
NATI has been the subject of several analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $46.00 target price on shares of National Instruments in a report on Sunday, July 30th. BidaskClub downgraded National Instruments from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research raised National Instruments from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. National Instruments has an average rating of “Hold” and a consensus price target of $40.25.
About National Instruments
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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