National Instruments Co. (NASDAQ:NATI) Shares Sold by Neuberger Berman Group LLC

Neuberger Berman Group LLC lowered its stake in National Instruments Co. (NASDAQ:NATIGet Rating) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,457,323 shares of the technology company’s stock after selling 43,857 shares during the period. Neuberger Berman Group LLC’s holdings in National Instruments were worth $59,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swiss National Bank raised its position in shares of National Instruments by 6.6% during the 1st quarter. Swiss National Bank now owns 311,800 shares of the technology company’s stock worth $12,656,000 after acquiring an additional 19,200 shares in the last quarter. Virginia Retirement Systems ET AL raised its position in shares of National Instruments by 65.2% during the 1st quarter. Virginia Retirement Systems ET AL now owns 57,500 shares of the technology company’s stock worth $2,334,000 after acquiring an additional 22,700 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of National Instruments by 5.5% during the 1st quarter. Teacher Retirement System of Texas now owns 27,217 shares of the technology company’s stock worth $1,105,000 after acquiring an additional 1,426 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in shares of National Instruments during the 4th quarter worth about $658,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of National Instruments during the 1st quarter worth about $24,727,000. Institutional investors and hedge funds own 83.25% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NATI. Morgan Stanley raised their target price on National Instruments from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. dropped their price target on National Instruments from $42.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, July 14th. StockNews.com upgraded National Instruments from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, The Goldman Sachs Group dropped their price target on National Instruments from $48.00 to $43.00 and set a “buy” rating on the stock in a research note on Wednesday, June 1st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $44.80.

Insider Activity at National Instruments

In related news, EVP Jason Elliot Green sold 5,000 shares of National Instruments stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $41.46, for a total value of $207,300.00. Following the sale, the executive vice president now directly owns 82,081 shares in the company, valued at $3,403,078.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Jason Elliot Green sold 5,000 shares of National Instruments stock in a transaction on Friday, August 12th. The stock was sold at an average price of $41.46, for a total transaction of $207,300.00. Following the completion of the transaction, the executive vice president now directly owns 82,081 shares of the company’s stock, valued at $3,403,078.26. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Eric Howard Starkloff sold 900 shares of National Instruments stock in a transaction on Monday, August 15th. The stock was sold at an average price of $42.00, for a total value of $37,800.00. Following the transaction, the chief executive officer now directly owns 287,278 shares of the company’s stock, valued at $12,065,676. The disclosure for this sale can be found here. Insiders have sold a total of 10,900 shares of company stock worth $438,050 over the last three months. 0.64% of the stock is currently owned by corporate insiders.

National Instruments Trading Up 1.6 %

Shares of NATI stock opened at $39.35 on Monday. The business’s 50 day moving average is $38.22 and its two-hundred day moving average is $36.85. National Instruments Co. has a twelve month low of $29.81 and a twelve month high of $45.98. The company has a market capitalization of $5.16 billion, a P/E ratio of 50.45 and a beta of 1.13. The company has a current ratio of 2.49, a quick ratio of 1.57 and a debt-to-equity ratio of 0.41.

National Instruments (NASDAQ:NATIGet Rating) last announced its earnings results on Thursday, July 28th. The technology company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. National Instruments had a return on equity of 15.63% and a net margin of 6.71%. The company had revenue of $395.50 million for the quarter, compared to the consensus estimate of $388.98 million. During the same period last year, the business posted $0.23 EPS. The company’s revenue was up 14.1% on a year-over-year basis. Equities analysts forecast that National Instruments Co. will post 1.46 EPS for the current year.

National Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 29th. Investors of record on Monday, August 8th were paid a $0.28 dividend. The ex-dividend date was Friday, August 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.85%. National Instruments’s dividend payout ratio (DPR) is presently 143.59%.

National Instruments Company Profile

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National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes NI LabVIEW, a graphical software platform to visualize hardware configuration, measurement data, and debugging of application; NI LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox; and NI Measurement Studio, a suite of .NET tools for building engineering applications in Microsoft Visual Studio.

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

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