APG Asset Management N.V. Acquires Shares of 163,200 National Instruments Corporation (NATI)

APG Asset Management N.V. acquired a new position in shares of National Instruments Corporation (NASDAQ:NATI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 163,200 shares of the technology company’s stock, valued at approximately $6,882,000. APG Asset Management N.V. owned 0.13% of National Instruments Corporation at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Public Employees Retirement Association of Colorado lifted its position in National Instruments Corporation by 0.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 23,879 shares of the technology company’s stock valued at $960,000 after purchasing an additional 69 shares during the period. Capstone Asset Management Co. increased its holdings in 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. Teacher Retirement System of Texas increased its holdings in National Instruments Corporation by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 9,331 shares of the technology company’s stock valued at $375,000 after buying an additional 169 shares in the last quarter. World Asset Management Inc increased its stake in shares of National Instruments Corporation by 3.3% during the second quarter. World Asset Management Inc now owns 7,485 shares of the technology company’s stock worth $301,000 after purchasing an additional 237 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of National Instruments Corporation by 6.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,058 shares of the technology company’s stock worth $163,000 after purchasing an additional 241 shares in the last quarter. Institutional investors own 80.60% of the company’s stock.

In other National Instruments Corporation news, Director Jeffrey L. Kodosky sold 2,000 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $40.08, for a total value of $80,160.00. Following the transaction, the director now directly owns 382,771 shares in the company, valued at approximately $15,341,461.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James J. Truchard sold 7,500 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $40.57, for a total transaction of $304,275.00. Following the completion of the transaction, the director now owns 9,061,416 shares in the company, valued at $367,621,647.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,055,162 shares of company stock valued at $45,957,583. 9.92% of the stock is owned by corporate insiders.

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Shares of National Instruments Corporation (NATI) opened at $44.70 on Friday. The company has a market cap of $5.86 billion, a PE ratio of 50.90 and a beta of 0.94. The company has a current ratio of 3.22, a quick ratio of 2.53 and a debt-to-equity ratio of 0.01.

National Instruments Corporation (NASDAQ:NATI) last announced its quarterly earnings data on Thursday, October 26th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. National Instruments Corporation had a net margin of 8.72% and a return on equity of 10.16%. The company had revenue of $320.90 million during the quarter, compared to analysts’ expectations of $319.78 million. During the same quarter in the prior year, the company earned $0.25 EPS. National Instruments Corporation’s revenue was up 4.7% compared to the same quarter last year. analysts predict that National Instruments Corporation will post 0.93 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 13th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, November 10th. This represents a $0.84 annualized dividend and a yield of 1.88%. National Instruments Corporation’s dividend payout ratio is presently 100.00%.

A number of analysts have recently commented on the stock. Stifel Nicolaus reissued a “buy” rating and set a $46.00 target price on shares of National Instruments Corporation in a research note on Sunday, October 29th. Zacks Investment Research cut shares of National Instruments Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub cut shares of National Instruments Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.25.

National Instruments Corporation 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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Institutional Ownership by Quarter for National Instruments Corporation (NASDAQ:NATI)

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