Natixis Has $31.18 Million Position in National Instruments Co. (NASDAQ:NATI)

Natixis reduced its holdings in National Instruments Co. (NASDAQ:NATI) by 6.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 737,370 shares of the technology company’s stock after selling 52,200 shares during the quarter. Natixis’ holdings in National Instruments were worth $31,176,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NATI. Van ECK Associates Corp acquired a new stake in National Instruments in the 1st quarter valued at $27,000. FORA Capital LLC acquired a new stake in National Instruments in the 1st quarter valued at $33,000. Quantbot Technologies LP acquired a new stake in National Instruments in the 1st quarter valued at $35,000. Sageworth Trust Co acquired a new position in shares of National Instruments during the 1st quarter worth about $80,000. Finally, Huntington National Bank increased its stake in shares of National Instruments by 19.2% during the 2nd quarter. Huntington National Bank now owns 2,383 shares of the technology company’s stock worth $101,000 after purchasing an additional 384 shares during the last quarter. Hedge funds and other institutional investors own 88.56% of the company’s stock.

NATI traded up $0.66 on Thursday, reaching $40.73. The company had a trading volume of 295,973 shares, compared to its average volume of 561,411. National Instruments Co. has a fifty-two week low of $30.42 and a fifty-two week high of $47.40. The stock has a market cap of $5.42 billion, a P/E ratio of 254.58 and a beta of 1.08. The company’s fifty day moving average is $41.34 and its 200 day moving average is $41.90. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.82 and a current ratio of 2.46.

National Instruments (NASDAQ:NATI) last announced its quarterly earnings results on Thursday, July 29th. The technology company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.08). National Instruments had a net margin of 1.61% and a return on equity of 10.73%. The company had revenue of $346.70 million during the quarter, compared to analyst estimates of $324.73 million. On average, sell-side analysts expect that National Instruments Co. will post 1.46 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 30th. Investors of record on Monday, August 9th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, August 6th. This represents a $1.08 dividend on an annualized basis and a yield of 2.65%. This is a positive change from National Instruments’s previous quarterly dividend of $0.25. National Instruments’s dividend payout ratio is 135.00%.

Several research firms have recently weighed in on NATI. The Goldman Sachs Group upgraded shares of National Instruments from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $45.00 to $48.00 in a research note on Sunday, September 26th. Zacks Investment Research upgraded shares of National Instruments from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Friday, August 6th.

National Instruments Profile

National Instruments Corp. designs, manufactures, and sells systems to engineers and scientists that accelerate productivity, innovation and discovery. The firm products include Labview, TestStand, FlexLogger, Voltage, Temperature, Software Defined Radios, Power Accessories, and Repair Services. It provides application software and modular, multifunction hardware that users combine with industry-standard computers, networks and third party devices to create measurement, automation and embedded systems, which refer as virtual instruments.

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

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