Goldman Sachs Group Inc. grew its position in shares of National Instruments Corp (NASDAQ:NATI) by 87.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,056,992 shares of the technology company’s stock after acquiring an additional 493,245 shares during the quarter. Goldman Sachs Group Inc. owned 0.81% of National Instruments Corp worth $42,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of National Instruments Corp by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 9,588,543 shares of the technology company’s stock worth $385,651,000 after purchasing an additional 138,121 shares during the period. BlackRock Inc. raised its stake in National Instruments Corp by 7,809.7% in the 1st quarter. BlackRock Inc. now owns 9,143,655 shares of the technology company’s stock valued at $297,718,000 after acquiring an additional 9,028,054 shares during the period. Bares Capital Management Inc. raised its stake in National Instruments Corp by 15.1% in the 1st quarter. Bares Capital Management Inc. now owns 3,766,942 shares of the technology company’s stock valued at $122,652,000 after acquiring an additional 493,095 shares during the period. William Blair Investment Management LLC bought a new stake in National Instruments Corp in the 2nd quarter valued at about $115,152,000. Finally, State Street Corp raised its stake in National Instruments Corp by 2.3% in the 1st quarter. State Street Corp now owns 2,811,268 shares of the technology company’s stock valued at $91,535,000 after acquiring an additional 64,043 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on NATI. Zacks Investment Research cut National Instruments Corp from a “hold” rating to a “sell” rating in a research note on Thursday, September 28th. Stifel Nicolaus reiterated a “buy” rating on shares of National Instruments Corp in a research report on Tuesday, September 26th. Finally, BidaskClub cut National Instruments Corp from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $40.25.
National Instruments Corp (NASDAQ NATI) opened at 44.45 on Tuesday. The stock’s 50 day moving average price is $41.50 and its 200 day moving average price is $38.84. The stock has a market cap of $5.80 billion, a price-to-earnings ratio of 60.15 and a beta of 0.96. National Instruments Corp has a one year low of $27.08 and a one year high of $45.30.
National Instruments Corp (NASDAQ:NATI) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.19 by $0.08. National Instruments Corp had a return on equity of 8.95% and a net margin of 7.90%. The company had revenue of $318.61 million for the quarter, compared to analysts’ expectations of $321.07 million. During the same period last year, the firm posted $0.23 earnings per share. National Instruments Corp’s revenue was up 4.1% compared to the same quarter last year. Equities analysts predict that National Instruments Corp will post $0.92 earnings per share for the current fiscal year.
In other National Instruments Corp news, Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $42.94, for a total value of $85,880.00. Following the transaction, the director now owns 384,271 shares of the company’s stock, valued at $16,500,596.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James J. Truchard sold 7,500 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $41.15, for a total value of $308,625.00. Following the completion of the transaction, the director now directly owns 9,068,916 shares in the company, valued at approximately $373,185,893.40. The disclosure for this sale can be found here. Insiders have sold 57,000 shares of company stock worth $2,342,265 over the last ninety days. 9.92% of the stock is currently owned by insiders.
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National Instruments Corp Company Profile
National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers a line of measurement, automation and control products. It offers products, technology and services, which include system design software, programming tools, application software, modular hardware products and related driver software, production test systems, NI education platform, software products for teaching and hardware products for teaching.
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