National Instruments Corp (NASDAQ:NATI) insider John Charles Roiko sold 1,179 shares of the stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $49.28, for a total value of $58,101.12. Following the completion of the sale, the insider now directly owns 19,419 shares of the company’s stock, valued at approximately $956,968.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
John Charles Roiko also recently made the following trade(s):
- On Wednesday, August 29th, John Charles Roiko sold 1,388 shares of National Instruments stock. The shares were sold at an average price of $47.33, for a total value of $65,694.04.
- On Thursday, August 16th, John Charles Roiko sold 1,947 shares of National Instruments stock. The shares were sold at an average price of $44.99, for a total value of $87,595.53.
NASDAQ NATI opened at $49.69 on Friday. National Instruments Corp has a one year low of $38.78 and a one year high of $53.57. The company has a market cap of $6.56 billion, a P/E ratio of 52.86 and a beta of 0.98.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, November 8th. This represents a $0.92 annualized dividend and a yield of 1.85%. National Instruments’s dividend payout ratio is currently 97.87%.
Several equities research analysts have recently weighed in on NATI shares. Zacks Investment Research raised National Instruments from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Saturday, September 29th. BidaskClub raised National Instruments from a “hold” rating to a “buy” rating in a research note on Thursday, August 30th. Robert W. Baird decreased their target price on National Instruments from $47.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, July 30th. Deutsche Bank raised National Instruments from a “hold” rating to a “buy” rating and raised their target price for the stock from $45.00 to $50.00 in a research note on Friday, October 26th. Finally, Stifel Nicolaus initiated coverage on National Instruments in a research note on Monday, October 22nd. They set a “hold” rating and a $48.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $50.25.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stevens Capital Management LP acquired a new stake in National Instruments during the second quarter worth approximately $739,000. Swiss National Bank boosted its holdings in National Instruments by 6.1% in the second quarter. Swiss National Bank now owns 217,000 shares of the technology company’s stock worth $9,110,000 after acquiring an additional 12,400 shares in the last quarter. First Trust Advisors LP boosted its holdings in National Instruments by 1,697.8% in the second quarter. First Trust Advisors LP now owns 402,697 shares of the technology company’s stock worth $16,905,000 after acquiring an additional 380,297 shares in the last quarter. Eqis Capital Management Inc. boosted its holdings in National Instruments by 95.7% in the second quarter. Eqis Capital Management Inc. now owns 22,699 shares of the technology company’s stock worth $953,000 after acquiring an additional 11,099 shares in the last quarter. Finally, Xact Kapitalforvaltning AB boosted its holdings in National Instruments by 24.0% in the second quarter. Xact Kapitalforvaltning AB now owns 17,560 shares of the technology company’s stock worth $737,000 after acquiring an additional 3,400 shares in the last quarter. 76.83% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “Insider Selling: National Instruments Corp (NATI) Insider Sells 1,179 Shares of Stock” was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://sportsperspectives.com/2018/11/09/insider-selling-national-instruments-corp-nati-insider-sells-1179-shares-of-stock.html.
About National Instruments
National Instruments Corporation designs, manufactures, and sells systems to engineers and scientists worldwide. It offers LabVIEW, a system design software for measurement, automation, and control; LabVIEW Real-Time and LabVIEW FPGA, which are software add-ons to LabVIEW; LabVIEW Communications System Design Suite for wireless prototyping; LabWindows/CVI for creating test and control applications; and Measurement Studio consisting of measurement and automation add-on libraries, and additional tools for programmers.
Read More: Stop Order Uses For Individual Investors
Receive News & Ratings for National Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Instruments and related companies with MarketBeat.com's FREE daily email newsletter.