Insider Selling: National Instruments Corporation (NASDAQ:NATI) Director Sells 2,000 Shares of Stock

National Instruments Corporation (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $38.51, for a total transaction of $77,020.00. Following the completion of the transaction, the director now owns 387,271 shares of the company’s stock, valued at $14,913,806.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

National Instruments Corporation (NATI) traded up 1.57% on Friday, hitting $41.94. 395,436 shares of the stock traded hands. The stock has a market cap of $5.44 billion, a P/E ratio of 59.15 and a beta of 0.93. National Instruments Corporation has a 12-month low of $26.74 and a 12-month high of $42.11. The stock has a 50-day moving average price of $38.49 and a 200 day moving average price of $33.70.

National Instruments Corporation (NASDAQ:NATI) last announced its earnings results on Thursday, April 27th. The technology company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.08. National Instruments Corporation had a net margin of 7.76% and a return on equity of 9.85%. The company had revenue of $300.10 million during the quarter, compared to the consensus estimate of $300.30 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. On average, equities analysts expect that National Instruments Corporation will post $0.91 EPS for the current fiscal year.

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Large investors have recently modified their holdings of the company. Eqis Capital Management Inc. boosted its stake in shares of National Instruments Corporation by 4.8% in the second quarter. Eqis Capital Management Inc. now owns 9,755 shares of the technology company’s stock valued at $392,000 after buying an additional 448 shares in the last quarter. NN Investment Partners Holdings N.V. boosted its stake in shares of National Instruments Corporation by 33.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 9,325 shares of the technology company’s stock valued at $375,000 after buying an additional 2,330 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of National Instruments Corporation by 16.0% in the second quarter. Bank of Montreal Can now owns 11,888 shares of the technology company’s stock valued at $478,000 after buying an additional 1,636 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of National Instruments Corporation by 1.0% in the second quarter. Capstone Asset Management Co. now owns 8,478 shares of the technology company’s stock valued at $341,000 after buying an additional 80 shares in the last quarter. Finally, Engaged Capital LLC acquired a new stake in shares of National Instruments Corporation during the first quarter valued at approximately $6,825,000. Institutional investors own 77.05% of the company’s stock.

NATI has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of National Instruments Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Tuesday, May 2nd. Deutsche Bank AG initiated coverage on shares of National Instruments Corporation in a report on Tuesday, May 16th. They issued a “hold” rating and a $34.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. National Instruments Corporation presently has a consensus rating of “Buy” and a consensus target price of $35.75.

National Instruments Corporation 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.

Insider Buying and Selling by Quarter for National Instruments Corporation (NASDAQ:NATI)

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