Rhumbline Advisers raised its holdings in National Instruments Corp (NASDAQ:NATI) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 299,457 shares of the technology company’s stock after acquiring an additional 5,230 shares during the period. Rhumbline Advisers’ holdings in National Instruments were worth $12,466,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. Janus Henderson Group PLC grew its position in National Instruments by 2.5% in the third quarter. Janus Henderson Group PLC now owns 10,804,219 shares of the technology company’s stock valued at $455,616,000 after acquiring an additional 262,578 shares during the last quarter. American Century Companies Inc. grew its position in National Instruments by 37.7% in the fourth quarter. American Century Companies Inc. now owns 2,137,187 shares of the technology company’s stock valued at $88,971,000 after acquiring an additional 584,819 shares during the last quarter. Hermes Investment Management Ltd. grew its position in National Instruments by 3.6% in the fourth quarter. Hermes Investment Management Ltd. now owns 1,210,151 shares of the technology company’s stock valued at $50,379,000 after acquiring an additional 42,462 shares during the last quarter. Wells Fargo & Company MN grew its position in National Instruments by 26.2% in the third quarter. Wells Fargo & Company MN now owns 1,196,710 shares of the technology company’s stock valued at $50,465,000 after acquiring an additional 248,656 shares during the last quarter. Finally, Baillie Gifford & Co. grew its position in National Instruments by 4.6% in the third quarter. Baillie Gifford & Co. now owns 799,712 shares of the technology company’s stock valued at $33,723,000 after acquiring an additional 35,122 shares during the last quarter. Hedge funds and other institutional investors own 78.60% of the company’s stock.
In other news, Director Jeffrey L. Kodosky sold 1,600 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $43.77, for a total transaction of $70,032.00. Following the sale, the director now directly owns 8,270,037 shares in the company, valued at $361,979,519.49. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Scott Arthur Rust sold 4,395 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $49.45, for a total value of $217,332.75. Following the sale, the insider now owns 17,612 shares in the company, valued at $870,913.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 418,266 shares of company stock worth $20,680,253. Company insiders own 9.92% of the company’s stock.
Shares of National Instruments Corp (NATI) opened at $50.38 on Wednesday. The firm has a market capitalization of $6,679.64, a PE ratio of 125.95 and a beta of 1.03. National Instruments Corp has a twelve month low of $31.39 and a twelve month high of $51.09.
National Instruments (NASDAQ:NATI) last released its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The company had revenue of $349.80 million for the quarter, compared to analysts’ expectations of $347.38 million. National Instruments had a return on equity of 10.76% and a net margin of 4.06%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 earnings per share. equities analysts forecast that National Instruments Corp will post 1.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 5th. Stockholders of record on Monday, February 12th will be issued a dividend of $0.23 per share. This is a boost from National Instruments’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, February 9th. National Instruments’s payout ratio is 230.01%.
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National Instruments Company 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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