Great West Life Assurance Co. Can boosted its stake in shares of National Instruments Corp. (NASDAQ:NATI) by 10.6% during the third quarter, according to its most recent disclosure with the 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’s holdings in National Instruments Corp. were worth $1,860,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of NATI. Tower Research Capital LLC TRC boosted its position in shares of National Instruments Corp. by 643.2% in the second quarter. Tower Research Capital LLC TRC now owns 4,333 shares of the company’s stock worth $119,000 after buying an additional 3,750 shares during the last quarter. Glenmede Trust Co. NA boosted its position in shares of National Instruments Corp. by 27.1% in the second quarter. Glenmede Trust Co. NA now owns 4,617 shares of the company’s stock worth $126,000 after buying an additional 983 shares during the last quarter. LS Investment Advisors LLC boosted 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 worth $167,000 after buying an additional 2,589 shares during the last quarter. Barclays PLC boosted its position in shares of National Instruments Corp. by 23.9% in the second quarter. Barclays PLC now owns 6,154 shares of the company’s stock worth $169,000 after buying an additional 1,187 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new position in shares of National Instruments Corp. during the second quarter worth about $206,000. 74.73% of the stock is owned by hedge funds and other institutional investors.
National Instruments Corp. (NASDAQ:NATI) traded down 0.71% during midday trading on Monday, reaching $30.15. The company had a trading volume of 600,696 shares. The company has a market capitalization of $3.89 billion, a PE 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 stock’s 50 day moving average is $28.49 and its 200 day moving average is $28.12.
National Instruments Corp. (NASDAQ:NATI) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company earned $306.36 million during the quarter, compared to analysts’ expectations of $304.91 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. Equities research analysts forecast that National Instruments Corp. will post $0.72 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 5th. Stockholders of record on Monday, November 14th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Wednesday, November 9th. National Instruments Corp.’s dividend payout ratio is presently 121.21%.
Separately, Zacks Investment Research raised National Instruments Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, September 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $32.00.
In other news, Director Duy Loan T. Le acquired 1,207 shares of National Instruments Corp. stock in a transaction dated Friday, November 4th. The stock was bought at an average price of $27.23 per share, for a total transaction of $32,866.61. Following the completion of the acquisition, the director now directly owns 83,327 shares in the company, valued at approximately $2,268,994.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Scott Arthur Rust sold 17,454 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $27.80, for a total value of $485,221.20. Following the sale, the insider now owns 32,808 shares of the company’s stock, valued at approximately $912,062.40. The disclosure for this sale can be found here. 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.