Great West Life Assurance Co. Can Boosts Stake in National Instruments Corp. (NATI)
Great West Life Assurance Co. Can boosted its stake in National Instruments Corp. (NASDAQ:NATI) by 10.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,534 shares of the company’s stock after buying an additional 6,264 shares during the period. Great West Life Assurance Co. Can owned 0.05% of National Instruments Corp. worth $1,860,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of NATI. Capital Fund Management S.A. purchased a new position in shares of National Instruments Corp. during the second quarter valued at approximately $510,000. Stoneridge Investment Partners LLC purchased a new position in shares of National Instruments Corp. during the second quarter valued at approximately $1,279,000. Bank of Montreal Can purchased a new position in shares of National Instruments Corp. during the second quarter valued at approximately $501,000. Hermes Investment Management Ltd. raised its position in shares of National Instruments Corp. by 13.5% in the second quarter. Hermes Investment Management Ltd. now owns 1,255,876 shares of the company’s stock valued at $34,411,000 after buying an additional 149,588 shares during the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of National Instruments Corp. by 73.6% in the second quarter. LS Investment Advisors LLC now owns 6,107 shares of the company’s stock valued at $167,000 after buying an additional 2,589 shares during the last quarter. Institutional investors own 74.73% of the company’s stock.
National Instruments Corp. (NASDAQ:NATI) traded down 0.71% on Monday, reaching $30.15. The company had a trading volume of 600,696 shares. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 45.00 and a beta of 0.89. National Instruments Corp. has a one year low of $25.90 and a one year high of $31.71. The company has a 50-day moving average of $28.49 and a 200 day moving average of $28.12.
National Instruments Corp. (NASDAQ:NATI) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.07. National Instruments Corp. had a return on equity of 9.79% and a net margin of 6.95%. The business earned $306.36 million during the quarter, compared to analysts’ expectations of $304.91 million. During the same quarter in the previous year, the firm earned $0.24 EPS. The firm’s revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts predict that National Instruments Corp. will post $0.72 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Monday, November 14th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, November 9th. This represents a $0.80 annualized dividend and a dividend yield of 2.65%. National Instruments Corp.’s dividend payout ratio is presently 121.21%.
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Separately, Zacks Investment Research upgraded National Instruments Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 28th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $32.00.
In related news, insider Eric Howard Starkloff sold 1,709 shares of the business’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $28.09, for a total transaction of $48,005.81. Following the completion of the transaction, the insider now owns 14,149 shares of the company’s stock, valued at approximately $397,445.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Duy Loan T. Le acquired 1,207 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The shares were acquired at an average cost of $27.23 per share, with a total value of $32,866.61. Following the transaction, the director now directly owns 83,327 shares in the company, valued at approximately $2,268,994.21. The disclosure for this purchase can be found here. Corporate insiders own 10.98% of the company’s stock.
About National Instruments Corp.
National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers graphical system design approach to engineering, which provides an integrated software and hardware platform for measurement and control systems. Its products include reusable hardware and software modules.
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