Federated Investors Inc. PA trimmed its position in National Instruments Corporation (NASDAQ:NATI) by 7.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,906 shares of the technology company’s stock after selling 4,406 shares during the quarter. Federated Investors Inc. PA’s holdings in National Instruments Corporation were worth $2,168,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. William Blair Investment Management LLC acquired a new position in shares of National Instruments Corporation in the second quarter valued at $115,152,000. Blair William & Co. IL acquired a new position in shares of National Instruments Corporation in the second quarter valued at $1,475,000. BNP Paribas Arbitrage SA raised its stake in shares of National Instruments Corporation by 62.0% in the second quarter. BNP Paribas Arbitrage SA now owns 40,540 shares of the technology company’s stock valued at $1,631,000 after purchasing an additional 15,514 shares in the last quarter. Comerica Bank raised its stake in shares of National Instruments Corporation by 1.4% in the second quarter. Comerica Bank now owns 83,274 shares of the technology company’s stock valued at $3,585,000 after purchasing an additional 1,176 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of National Instruments Corporation by 23.1% in the second quarter. Legal & General Group Plc now owns 87,054 shares of the technology company’s stock valued at $3,502,000 after purchasing an additional 16,362 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

In other National Instruments Corporation news, Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments Corporation stock in a transaction on Monday, July 24th. The stock was sold at an average price of $42.94, for a total value of $85,880.00. Following the completion of the transaction, the director now directly owns 384,271 shares of the company’s stock, valued at approximately $16,500,596.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James J. Truchard sold 7,500 shares of National Instruments Corporation stock in a transaction on Monday, June 19th. The shares were sold at an average price of $39.58, for a total value of $296,850.00. Following the completion of the transaction, the director now directly owns 9,113,916 shares of the company’s stock, valued at $360,728,795.28. The disclosure for this sale can be found here. Insiders sold a total of 65,000 shares of company stock valued at $2,626,495 over the last ninety days. Insiders own 9.92% of the company’s stock.

NATI has been the subject of a number of recent research reports. Zacks Investment Research upgraded National Instruments Corporation from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Tuesday, August 1st. BidaskClub lowered National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Stifel Nicolaus restated a “buy” rating and issued a $46.00 target price on shares of National Instruments Corporation in a research note on Sunday, July 30th. Finally, Deutsche Bank AG initiated coverage on National Instruments Corporation in a research note on Tuesday, May 16th. They issued a “hold” rating and a $34.00 target price for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $40.25.

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Shares of National Instruments Corporation (NASDAQ NATI) opened at 39.63 on Friday. National Instruments Corporation has a 12 month low of $26.74 and a 12 month high of $43.74. The company has a market capitalization of $5.17 billion, a PE ratio of 53.63 and a beta of 0.94. The firm has a 50-day moving average price of $40.44 and a 200-day moving average price of $37.00.

National Instruments Corporation (NASDAQ:NATI) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.08. The business had revenue of $318.61 million during the quarter, compared to analysts’ expectations of $321.07 million. National Instruments Corporation had a return on equity of 9.81% and a net margin of 8.11%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS. On average, equities research analysts predict that National Instruments Corporation will post $0.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 14th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $0.84 annualized dividend and a yield of 2.12%. National Instruments Corporation’s dividend payout ratio is presently 107.69%.

National Instruments Corporation 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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Institutional Ownership by Quarter for National Instruments Corporation (NASDAQ:NATI)

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