Rhumbline Advisers Has $17.57 Million Position in National Instruments Corp (NATI)

Rhumbline Advisers grew its position in shares of National Instruments Corp (NASDAQ:NATI) by 27.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 387,107 shares of the technology company’s stock after buying an additional 83,496 shares during the quarter. Rhumbline Advisers owned approximately 0.29% of National Instruments worth $17,567,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Tributary Capital Management LLC bought a new stake in National Instruments during the fourth quarter worth about $28,000. Meeder Asset Management Inc. bought a new stake in National Instruments during the fourth quarter worth about $84,000. Quantamental Technologies LLC bought a new stake in National Instruments during the fourth quarter worth about $163,000. We Are One Seven LLC bought a new stake in National Instruments during the fourth quarter worth about $176,000. Finally, Trexquant Investment LP bought a new stake in National Instruments during the third quarter worth about $200,000. 78.44% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Scott Arthur Rust sold 4,576 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $48.54, for a total transaction of $222,119.04. Following the sale, the insider now directly owns 32,169 shares of the company’s stock, valued at $1,561,483.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey L. Kodosky sold 1,600 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $48.16, for a total transaction of $77,056.00. Following the sale, the director now directly owns 361,545 shares in the company, valued at $17,412,007.20. The disclosure for this sale can be found here. Insiders have sold 24,876 shares of company stock worth $1,151,558 over the last three months. 7.98% of the stock is owned by insiders.

Several analysts have weighed in on NATI shares. Stifel Nicolaus started coverage on shares of National Instruments in a research note on Monday, October 22nd. They set a “hold” rating and a $48.00 price objective on the stock. Deutsche Bank raised shares of National Instruments from a “hold” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $50.00 in a research note on Friday, October 26th. Zacks Investment Research raised shares of National Instruments from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective on the stock in a research note on Thursday, November 1st. Finally, BidaskClub cut shares of National Instruments from a “hold” rating to a “sell” rating in a research note on Saturday, December 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $48.50.

NATI opened at $45.02 on Tuesday. 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 $5.91 billion, a PE ratio of 33.60 and a beta of 0.77.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 4th. Stockholders of record on Monday, February 11th will be paid a dividend of $0.25 per share. This is a boost from National Instruments’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Friday, February 8th. National Instruments’s dividend payout ratio is 68.66%.

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National Instruments Company Profile

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.

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

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