Assenagon Asset Management SA reduced its stake in National Instruments Co. (NASDAQ:NATI – Get Rating) by 40.0% in the first quarter, Holdings Channel reports. The fund held 136,009 shares of the technology company after selling 90,608 shares during the period. Assenagon Asset Management SA’s holdings in National Instruments were worth $5,521,000 at the end of the last quarter.
Several other institutional investors and hedge funds have also recently changed their holdings in NATI. Sarasin & Partners LLP increased its equity stake in National Instruments by 319.8% in the 4th quarter. Sarasin & Partners LLP now owns 3,265,787 shares of the technology company worth $142,617,000 after acquiring 2,487,888 additional shares in the last quarter. TD Asset Management Inc. increased its stake in National Instruments shares to 96.0% in the fourth quarter. TD Asset Management Inc. now owns 1,077,464 shares of the technology company worth $47,053,000 after acquiring an additional 527,862 shares in the last quarter. Millennium Management LLC increased its stake in the shares of National Instruments by 31.7% in the fourth quarter. Millennium Management LLC now owns 1,975,424 shares of the technology company worth $86,267,000 after acquiring an additional 475,336 shares in the last quarter. Geode Capital Management LLC increased its stake in the shares of National Instruments by 16.6% in the 4th quarter. Geode Capital Management LLC now owns 3,153,618 shares of the technology company worth $137,718,000 after acquiring 447,983 additional shares in the last quarter. Finally, American Century Companies Inc. increased its stake in the shares of National Instruments by 82.4% in the 4th quarter. American Century Companies Inc. now owns 978,290 shares of the technology company worth $42,721,000 after acquiring an additional 441,887 shares in the last quarter. 89.79% of the shares are held by institutional investors and hedge funds.
The NASDAQ NATI opened at $31.97 on Friday. The stock has a market capitalization of $4.19 billion, a PE ratio of 38.99 and a beta of 1.10. The company has a current ratio of 2.24, a quick ratio of 1.45 and a debt ratio of 0.27. National Instruments Co. has a 12-month low of $29.81 and a 12-month high of $45.98. The stock has a fifty-day simple moving average of $33.24 and a 200-day simple moving average of $37.92.
National Instruments (NASDAQ:NATI – Get Rating) last released its quarterly results on Thursday, April 28. The technology company reported earnings per share of $0.29 for the quarter, missing analyst consensus estimates of $0.32 per ($0.03). National Instruments achieved a return on equity of 15.52% and a net margin of 7.24%. The company posted revenue of $385.26 million for the quarter, compared to $402.73 million expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $0.22. The company’s revenue for the quarter increased by 14.9% compared to the same quarter last year. Research analysts predict that National Instruments Co. will post EPS of 1.51 for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 31. Investors of record on Monday, May 9 received a dividend of $0.28 per share. This represents a dividend of $1.12 on an annualized basis and a yield of 3.50%. This is a boost from National Instruments’ previous quarterly dividend of $0.25. The ex-dividend date was Friday, May 6. National Instruments’ dividend payout ratio (DPR) is 136.59%.
A number of analysts have released reports on NATI shares. TheStreet downgraded National Instruments from a “b-” rating to a “c+” rating in a Thursday, April 28 research note. Goldman Sachs Group lowered its price target on National Instruments from $48.00 to $43.00 and set a “buy” rating for the company in a Wednesday, June 1 report. Finally, StockNews.com took over coverage from National Instruments in a Thursday, March 31 report. They set a “buy” rating for the company. One equity research analyst gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $48.20.
Separately, executive vice president Jason Elliot Green sold 2,500 shares of the company in a trade dated Tuesday, May 31. The stock was sold at an average price of $34.51, for a total transaction of $86,275.00. Following completion of the transaction, the executive vice president now directly owns 91,908 shares of the company, valued at approximately $3,171,745.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Executive Vice President Scott Arthur Rust sold 4,921 shares of the company in a trade dated Monday, May 2. The shares were sold at an average price of $36.14, for a total value of $177,844.94. Following the transaction, the executive vice president now owns 48,892 shares of the company, valued at $1,766,956.88. The disclosure of this sale can be found here. Insiders sold a total of 35,487 shares of the company valued at $1,275,500 in the past 90 days. 0.64% of the shares are currently held by insiders of the company.
National Instruments Company Profile (Get a rating)
National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes NI LabVIEW, a graphical software platform for viewing hardware configuration, measurement data, and application debugging; NI LabWindows/CVI, an ANSI C integrated development environment and engineering toolkit; and NI Measurement Studio, a suite of .NET tools for building engineering applications in Microsoft Visual Studio.
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