Fort L.P. Acquires 281 Shares of National Instruments Corp (NATI)

Fort L.P. increased its holdings in shares of National Instruments Corp (NASDAQ:NATI) by 21.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,605 shares of the technology company’s stock after buying an additional 281 shares during the period. Fort L.P.’s holdings in National Instruments were worth $73,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NATI. Wells Fargo & Company MN increased its position in National Instruments by 46.3% in the 3rd quarter. Wells Fargo & Company MN now owns 439,125 shares of the technology company’s stock valued at $21,223,000 after acquiring an additional 139,005 shares during the period. Janney Montgomery Scott LLC acquired a new position in National Instruments in the 3rd quarter valued at about $382,000. SG Americas Securities LLC increased its position in National Instruments by 11.6% in the 3rd quarter. SG Americas Securities LLC now owns 16,478 shares of the technology company’s stock valued at $796,000 after acquiring an additional 1,707 shares during the period. JPMorgan Chase & Co. increased its position in National Instruments by 34.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 288,145 shares of the technology company’s stock valued at $13,926,000 after acquiring an additional 74,365 shares during the period. Finally, Candriam Luxembourg S.C.A. increased its position in National Instruments by 7.6% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 77,151 shares of the technology company’s stock valued at $3,729,000 after acquiring an additional 5,456 shares during the period. 77.80% of the stock is owned by institutional investors and hedge funds.

NASDAQ NATI opened at $45.16 on Friday. National Instruments Corp has a 12-month low of $38.78 and a 12-month high of $53.21. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 33.70 and a beta of 0.81.

National Instruments (NASDAQ:NATI) last released its earnings results on Tuesday, January 29th. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). National Instruments had a return on equity of 15.11% and a net margin of 11.41%. The business had revenue of $360.10 million for the quarter, compared to analyst estimates of $380.05 million. Sell-side analysts forecast that National Instruments Corp will post 1.38 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Monday, February 11th were given a dividend of $0.25 per share. This is a boost from National Instruments’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, February 8th. This represents a $1.00 annualized dividend and a yield of 2.21%. National Instruments’s payout ratio is presently 74.63%.

In other National Instruments news, Director Jeffrey L. Kodosky sold 1,600 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $45.70, for a total transaction of $73,120.00. Following the transaction, the director now owns 360,345 shares in the company, valued at approximately $16,467,766.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey L. Kodosky sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, January 14th. The stock was sold at an average price of $47.10, for a total value of $94,200.00. Following the transaction, the director now owns 358,545 shares in the company, valued at approximately $16,887,469.50. The disclosure for this sale can be found here. Insiders have sold a total of 23,700 shares of company stock worth $1,072,373 in the last quarter. 7.98% of the stock is currently owned by insiders.

Several equities analysts recently issued reports on the company. BidaskClub cut National Instruments from a “hold” rating to a “sell” rating in a research report on Saturday, January 19th. Zacks Investment Research cut National Instruments from a “buy” rating to a “hold” rating in a research report on Tuesday, January 22nd. Finally, ValuEngine cut National Instruments from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. National Instruments presently has an average rating of “Hold” and an average target price of $48.50.

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National Instruments Profile

National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes LabVIEW, a graphical application software package to visualize hardware configuration, measurement data, and debugging of application; LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox with built-in libraries for measurement, analysis, and engineering UI design; and NI Measurement Studio, a suite of .NET tools designed for building engineering applications in Microsoft Visual Studio to acquire, analyze, and display measurement data.

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

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