FDx Advisors Inc. purchased a new stake in shares of National Instruments Corp (NASDAQ:NATI) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 30,822 shares of the technology company’s stock, valued at approximately $125,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. William Blair Investment Management LLC raised its position in National Instruments by 52.7% in the 1st quarter. William Blair Investment Management LLC now owns 3,647,978 shares of the technology company’s stock valued at $120,675,000 after purchasing an additional 1,258,373 shares during the last quarter. Norges Bank purchased a new position in shares of National Instruments during the 4th quarter worth about $47,819,000. Kornitzer Capital Management Inc. KS purchased a new position in shares of National Instruments during the 1st quarter worth about $13,666,000. Ceredex Value Advisors LLC purchased a new position in shares of National Instruments during the 1st quarter worth about $11,820,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of National Instruments during the 4th quarter worth about $13,762,000. Institutional investors and hedge funds own 85.09% of the company’s stock.

Shares of NASDAQ:NATI opened at $38.43 on Friday. National Instruments Corp has a 52-week low of $20.42 and a 52-week high of $47.89. The company has a 50 day moving average of $38.84 and a two-hundred day moving average of $39.34. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 30.02 and a beta of 1.03.

National Instruments (NASDAQ:NATI) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.84. National Instruments had a net margin of 20.09% and a return on equity of 13.96%. The company had revenue of $309.38 million during the quarter, compared to the consensus estimate of $312.11 million. During the same quarter last year, the company earned $0.30 earnings per share. National Instruments’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts anticipate that National Instruments Corp will post 0.88 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, May 18th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Friday, May 15th. National Instruments’s payout ratio is currently 79.39%.

Several brokerages have recently weighed in on NATI. Robert W. Baird increased their price objective on shares of National Instruments from $30.00 to $46.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. ValuEngine lowered shares of National Instruments from a “buy” rating to a “hold” rating in a report on Tuesday, March 17th. BidaskClub upgraded shares of National Instruments from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th. Zacks Investment Research lowered shares of National Instruments from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Stifel Nicolaus cut their price target on shares of National Instruments from $50.00 to $46.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $41.00.

About National Instruments

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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