National Instruments Corp (NATI) Director Jeffrey L. Kodosky Sells 2,000 Shares of Stock

National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments stock in a transaction on Monday, April 15th. The stock was sold at an average price of $46.65, for a total transaction of $93,300.00. Following the transaction, the director now owns 354,086 shares in the company, valued at approximately $16,518,111.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NATI stock opened at $47.20 on Wednesday. The firm has a market capitalization of $6.23 billion, a P/E ratio of 34.73 and a beta of 0.79. National Instruments Corp has a 12-month low of $38.78 and a 12-month high of $51.53.

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 consensus estimate of $0.49 by ($0.03). The firm had revenue of $360.10 million during the quarter, compared to analyst estimates of $380.05 million. National Instruments had a net margin of 11.41% and a return on equity of 15.11%. Equities analysts expect that National Instruments Corp will post 1.38 EPS for the current year.

A number of equities analysts have recently commented on the stock. BidaskClub upgraded shares of National Instruments from a “sell” rating to a “hold” rating in a report on Friday, January 11th. Zacks Investment Research lowered shares of National Instruments from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. Finally, ValuEngine lowered shares of National Instruments from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $48.50.

A number of hedge funds have recently added to or reduced their stakes in NATI. Oregon Public Employees Retirement Fund lifted its holdings in National Instruments by 4,438.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,923,976 shares of the technology company’s stock valued at $42,000 after buying an additional 1,881,579 shares during the period. BlackRock Inc. lifted its holdings in National Instruments by 18.3% in the fourth quarter. BlackRock Inc. now owns 11,625,479 shares of the technology company’s stock valued at $527,565,000 after buying an additional 1,800,639 shares during the period. Federated Investors Inc. PA lifted its holdings in National Instruments by 1,315.4% in the third quarter. Federated Investors Inc. PA now owns 1,339,241 shares of the technology company’s stock valued at $64,726,000 after buying an additional 1,244,624 shares during the period. Norges Bank acquired a new position in National Instruments in the fourth quarter valued at $45,666,000. Finally, Millennium Management LLC lifted its holdings in National Instruments by 472.9% in the fourth quarter. Millennium Management LLC now owns 1,115,638 shares of the technology company’s stock valued at $50,628,000 after buying an additional 920,915 shares during the period. Institutional investors and hedge funds own 78.07% of the company’s stock.

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National Instruments Company 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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Insider Buying and Selling by Quarter for National Instruments (NASDAQ:NATI)

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