United Services Automobile Association Purchases 526 Shares of National Instruments Co. (NASDAQ:NATI)

United Services Automobile Association raised its position in National Instruments Co. (NASDAQ:NATI – Get Rating) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,634 shares of the technology company’s stock after buying an additional 526 shares during the quarter. United Services Automobile Association’s holdings in National Instruments were worth $553,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Texas Permanent School Fund raised its position in shares of National Instruments by 0.3% in the 3rd quarter. Texas Permanent School Fund now owns 95,161 shares of the technology company’s stock worth $3,591,000 after acquiring an additional 269 shares in the last quarter. Mission Wealth Management LP boosted its stake in shares of National Instruments by 1.2% in the 3rd quarter. Mission Wealth Management LP now owns 24,257 shares of the technology company’s stock worth $915,000 after buying an additional 277 shares during the last quarter. Fifth Third Bancorp lifted its position in National Instruments by 18.5% during the third quarter. Fifth Third Bancorp now owns 1,810 shares of the technology company’s stock valued at $68,000 after purchasing an additional 283 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in National Instruments by 4.6% during the first quarter. Advisor Group Holdings Inc. now owns 6,801 shares of the technology company’s stock valued at $269,000 after purchasing an additional 298 shares in the last quarter. Finally, Stephens Inc. AR lifted its position in National Instruments by 3.8% during the third quarter. Stephens Inc. AR now owns 8,290 shares of the technology company’s stock valued at $313,000 after purchasing an additional 301 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors.

Insider Transactions at National Instruments

In related news, CEO Eric Howard Starkloff sold 35,896 shares of National Instruments stock in a transaction on Tuesday, January 31st. The shares were sold at an average price of $54.25, for a total transaction of $1,947,358.00. Following the sale, the chief executive officer now directly owns 335,801 shares in the company, valued at approximately $18,217,204.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Eric Howard Starkloff sold 35,896 shares of the business’s stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $54.25, for a total transaction of $1,947,358.00. Following the sale, the chief executive officer now owns 335,801 shares of the company’s stock, valued at $18,217,204.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Scott Arthur Rust sold 2,094 shares of the business’s stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $54.25, for a total transaction of $113,599.50. Following the sale, the executive vice president now directly owns 55,070 shares in the company, valued at approximately $2,987,547.50. The disclosure for this sale can be found here. In the last three months, insiders sold 41,290 shares of company stock valued at $2,224,644. Insiders own 0.66% of the company’s stock.

National Instruments Stock Up 2.3 %

Shares of NASDAQ NATI opened at $49.92 on Wednesday. The company has a 50 day simple moving average of $49.82 and a 200-day simple moving average of $42.88. The company has a market capitalization of $6.56 billion, a P/E ratio of 47.01 and a beta of 1.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.08 and a quick ratio of 1.34. National Instruments Co. has a 1 year low of $29.81 and a 1 year high of $55.04.

National Instruments Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 6th. Shareholders of record on Monday, February 13th were given a $0.28 dividend. The ex-dividend date was Friday, February 10th. This represents a $1.12 annualized dividend and a yield of 2.24%. National Instruments’s dividend payout ratio is presently 106.67%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NATI. StockNews.com began coverage on National Instruments in a report on Friday, March 10th. They issued a “buy” rating on the stock. Jefferies Financial Group initiated coverage on National Instruments in a research report on Tuesday, November 22nd. They set a “buy” rating and a $50.00 target price for the company. Morgan Stanley reiterated an “overweight” rating and issued a $52.00 price target on shares of National Instruments in a report on Tuesday, January 17th. Finally, Robert W. Baird downgraded shares of National Instruments from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $50.00 to $55.00 in a research note on Wednesday, February 1st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, National Instruments presently has an average rating of “Moderate Buy” and a consensus price target of $48.33.

National Instruments Company Profile

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National Instruments Corp. engages in the design, manufacture, and sale of systems to engineers and scientists that accelerate productivity, innovation, and discovery. The firm’s products include Labview, TestStand, FlexLogger, Voltage, Temperature, Software Defined Radios, Power Accessories, and Repair Services.