Atlanta Capital Management Co. L L C decreased its stake in National Instruments Corporation (NASDAQ:NATI) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 778,993 shares of the technology company’s stock after selling 28,558 shares during the period. Atlanta Capital Management Co. L L C owned about 0.60% of National Instruments Corporation worth $31,331,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. Janus Henderson Group PLC acquired a new position in National Instruments Corporation in the 2nd quarter valued at approximately $423,984,000. Vanguard Group Inc. increased its position in shares of National Instruments Corporation by 1.5% during the second quarter. Vanguard Group Inc. now owns 9,588,543 shares of the technology company’s stock worth $385,651,000 after buying an additional 138,121 shares during the period. BlackRock Inc. increased its position in shares of National Instruments Corporation by 7,809.7% during the first quarter. BlackRock Inc. now owns 9,143,655 shares of the technology company’s stock worth $297,718,000 after buying an additional 9,028,054 shares during the period. Bares Capital Management Inc. increased its position in shares of National Instruments Corporation by 15.1% during the first quarter. Bares Capital Management Inc. now owns 3,766,942 shares of the technology company’s stock worth $122,652,000 after buying an additional 493,095 shares during the period. Finally, William Blair Investment Management LLC acquired a new stake in shares of National Instruments Corporation during the second quarter worth $115,152,000. 80.38% of the stock is owned by institutional investors and hedge funds.
In other National Instruments Corporation news, Director James J. Truchard sold 7,500 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $42.05, for a total transaction of $315,375.00. Following the transaction, the director now owns 9,083,916 shares in the company, valued at approximately $381,978,667.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey L. Kodosky sold 2,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $42.36, for a total transaction of $84,720.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,500 shares of company stock worth $2,657,640. 9.92% of the stock is currently owned by company insiders.
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National Instruments Corporation (NASDAQ NATI) traded up 0.20% on Wednesday, hitting $44.33. 209,861 shares of the company were exchanged. The stock has a market capitalization of $5.78 billion, a P/E ratio of 59.91 and a beta of 0.96. The company has a 50 day moving average price of $41.01 and a 200-day moving average price of $38.57. National Instruments Corporation has a 52 week low of $27.08 and a 52 week high of $44.48.
National Instruments Corporation (NASDAQ:NATI) last announced its quarterly earnings results on Thursday, July 27th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.08. The company had revenue of $318.61 million for the quarter, compared to analysts’ expectations of $321.07 million. National Instruments Corporation had a net margin of 8.11% and a return on equity of 9.81%. National Instruments Corporation’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 EPS. On average, equities analysts expect that National Instruments Corporation will post $0.92 earnings per share for the current fiscal year.
Several brokerages recently issued reports on NATI. Zacks Investment Research lowered shares of National Instruments Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub lowered shares of National Instruments Corporation from a “buy” rating to a “hold” rating in a research report on Sunday, August 6th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of National Instruments Corporation in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $40.25.
About National Instruments Corporation
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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