43,200 Shares in National Instruments Corp (NATI) Purchased by Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp

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Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of National Instruments Corp (NASDAQ:NATI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 43,200 shares of the technology company’s stock, valued at approximately $1,960,000.

Other institutional investors have also recently bought and sold shares of the company. Tributary Capital Management LLC purchased a new stake in shares of National Instruments during the fourth quarter worth about $28,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of National Instruments by 4,438.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,923,976 shares of the technology company’s stock worth $42,000 after purchasing an additional 1,881,579 shares during the period. Financial Gravity Companies Inc. purchased a new stake in shares of National Instruments during the fourth quarter worth about $56,000. Fort L.P. boosted its holdings in shares of National Instruments by 21.2% during the fourth quarter. Fort L.P. now owns 1,605 shares of the technology company’s stock worth $73,000 after purchasing an additional 281 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in shares of National Instruments during the fourth quarter worth about $84,000. Institutional investors own 77.90% of the company’s stock.

In related news, Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $45.30, for a total value of $90,600.00. Following the completion of the transaction, the director now directly owns 356,586 shares of the company’s stock, valued at $16,153,345.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeffrey L. Kodosky sold 1,600 shares of the stock in a transaction dated Monday, December 24th. The stock was sold at an average price of $42.63, for a total transaction of $68,208.00. Following the completion of the transaction, the director now directly owns 360,045 shares of the company’s stock, valued at $15,348,718.35. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,600 shares of company stock valued at $1,021,768. 7.98% of the stock is owned by insiders.

NATI has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of National Instruments from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Saturday, January 26th. BidaskClub upgraded shares of National Instruments from a “sell” rating to a “hold” rating in a report on Friday, January 11th. Finally, ValuEngine lowered shares of National Instruments from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. National Instruments currently has a consensus rating of “Hold” and a consensus price target of $48.50.

NATI stock opened at $44.11 on Friday. National Instruments Corp has a 1 year low of $38.78 and a 1 year high of $51.53. The stock has a market capitalization of $5.83 billion, a P/E ratio of 32.67 and a beta of 0.81.

National Instruments (NASDAQ:NATI) last released its quarterly earnings results on Tuesday, January 29th. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.03). National Instruments had a return on equity of 15.11% and a net margin of 11.41%. The company had revenue of $360.10 million during the quarter, compared to the consensus estimate of $380.05 million. On average, analysts anticipate that National Instruments Corp will post 1.38 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Monday, February 11th were paid a $0.25 dividend. This is an increase from National Instruments’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Friday, February 8th. National Instruments’s dividend payout ratio is presently 74.63%.

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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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