Cubist Systematic Strategies LLC purchased a new stake in shares of National Instruments Corporation (NASDAQ:NATI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,120 shares of the technology company’s stock, valued at approximately $300,000.
A number of other large investors have also made changes to their positions in NATI. Zions Bancorporation purchased a new position in National Instruments during the 3rd quarter valued at about $129,000. Westwood Holdings Group Inc. purchased a new position in National Instruments during the 2nd quarter valued at about $139,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in National Instruments by 6.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,058 shares of the technology company’s stock valued at $163,000 after purchasing an additional 241 shares during the period. JPMorgan Chase & Co. increased its holdings in National Instruments by 44.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,028 shares of the technology company’s stock valued at $169,000 after purchasing an additional 1,241 shares during the period. Finally, Magnetar Financial LLC purchased a new position in National Instruments during the 3rd quarter valued at about $204,000. Institutional investors own 78.04% of the company’s stock.
In other National Instruments news, Director Jeffrey L. Kodosky sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $45.19, for a total transaction of $90,380.00. Following the transaction, the director now owns 8,337,537 shares in the company, valued at approximately $376,773,297.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James J. Truchard sold 985,162 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $43.66, for a total value of $43,012,172.92. Following the transaction, the director now owns 8,345,037 shares in the company, valued at approximately $364,344,315.42. The disclosure for this sale can be found here. Insiders have sold a total of 1,066,651 shares of company stock worth $46,543,249 in the last quarter. Company insiders own 9.92% of the company’s stock.
National Instruments (NASDAQ:NATI) last posted its earnings results on Thursday, October 26th. The technology company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. National Instruments had a return on equity of 10.16% and a net margin of 8.72%. The firm had revenue of $320.90 million for the quarter, compared to the consensus estimate of $319.78 million. During the same quarter in the prior year, the business earned $0.25 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. sell-side analysts expect that National Instruments Corporation will post 0.93 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the company. Stifel Nicolaus restated a “buy” rating and set a $46.00 price target on shares of National Instruments in a report on Sunday, October 29th. Zacks Investment Research downgraded National Instruments from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, BidaskClub downgraded National Instruments from a “sell” rating to a “strong sell” rating in a report on Saturday, December 16th.
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National Instruments 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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