National Instruments Co. (NASDAQ:NATI) Shares Sold by Kopion Asset Management LLC

Kopion Asset Management LLC lowered its position in shares of National Instruments Co. (NASDAQ:NATI) by 49.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,819 shares of the technology company’s stock after selling 90,121 shares during the quarter. National Instruments comprises 4.4% of Kopion Asset Management LLC’s portfolio, making the stock its 13th largest position. Kopion Asset Management LLC owned approximately 0.07% of National Instruments worth $5,213,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in shares of National Instruments in the 1st quarter valued at about $30,000. Belpointe Asset Management LLC grew its position in shares of National Instruments by 44.6% during the first quarter. Belpointe Asset Management LLC now owns 730 shares of the technology company’s stock worth $38,000 after acquiring an additional 225 shares during the last quarter. Machina Capital S.A.S. acquired a new position in National Instruments during the 1st quarter valued at about $52,000. Psagot Value Holdings Ltd. Israel acquired a new stake in shares of National Instruments in the first quarter valued at approximately $55,000. Finally, Dark Forest Capital Management LP raised its holdings in shares of National Instruments by 11,536.4% during the fourth quarter. Dark Forest Capital Management LP now owns 1,280 shares of the technology company’s stock valued at $47,000 after buying an additional 1,269 shares during the last quarter. Institutional investors own 80.40% of the company’s stock.

National Instruments Price Performance

Shares of NASDAQ NATI traded down $0.03 during mid-day trading on Friday, reaching $59.60. The company had a trading volume of 2,983,084 shares, compared to its average volume of 1,632,234. The company has a 50-day moving average price of $58.71 and a two-hundred day moving average price of $56.69. The stock has a market cap of $7.91 billion, a PE ratio of 44.15 and a beta of 1.15. The company has a current ratio of 2.49, a quick ratio of 1.54 and a debt-to-equity ratio of 0.46. National Instruments Co. has a 1-year low of $34.97 and a 1-year high of $59.98.

National Instruments (NASDAQ:NATI) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). National Instruments had a return on equity of 22.27% and a net margin of 10.37%. The company had revenue of $416.80 million during the quarter, compared to analysts’ expectations of $441.49 million. On average, equities analysts anticipate that National Instruments Co. will post 1.74 earnings per share for the current year.

National Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Tuesday, August 8th were given a $0.28 dividend. The ex-dividend date was Monday, August 7th. This represents a $1.12 annualized dividend and a dividend yield of 1.88%. National Instruments’s dividend payout ratio (DPR) is presently 82.96%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on National Instruments in a research report on Sunday, September 10th. They set a “buy” rating for the company. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, National Instruments has an average rating of “Hold” and a consensus price target of $52.57.

About National Instruments

National Instruments Corporation provides a software-centric platform to engineers and scientists worldwide. Its programming environments software includes NI LabVIEW, a graphical software platform to visualize hardware configuration, measurement data, and debugging; 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.