Stephens Investment Management Group LLC Raises Stock Holdings in National Instruments Corp (NASDAQ:NATI)

Stephens Investment Management Group LLC grew its stake in National Instruments Corp (NASDAQ:NATI) by 2.2% during the 2nd quarter, Holdings Channel reports. The fund owned 714,001 shares of the technology company’s stock after acquiring an additional 15,184 shares during the period. Stephens Investment Management Group LLC’s holdings in National Instruments were worth $29,981,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. ETF Managers Group LLC lifted its position in National Instruments by 8.9% during the first quarter. ETF Managers Group LLC now owns 2,861 shares of the technology company’s stock worth $127,000 after buying an additional 235 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in National Instruments by 1.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 20,780 shares of the technology company’s stock worth $873,000 after buying an additional 260 shares during the period. First National Bank of Omaha lifted its position in National Instruments by 8.5% during the second quarter. First National Bank of Omaha now owns 4,955 shares of the technology company’s stock worth $208,000 after buying an additional 390 shares during the period. NumerixS Investment Technologies Inc lifted its position in National Instruments by 13.3% during the first quarter. NumerixS Investment Technologies Inc now owns 3,400 shares of the technology company’s stock worth $150,000 after buying an additional 400 shares during the period. Finally, Dupont Capital Management Corp lifted its position in National Instruments by 3.3% during the second quarter. Dupont Capital Management Corp now owns 12,464 shares of the technology company’s stock worth $523,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 79.47% of the company’s stock.

Several research firms recently weighed in on NATI. Zacks Investment Research downgraded National Instruments from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. BidaskClub upgraded National Instruments from a “hold” rating to a “buy” rating in a research report on Tuesday, August 6th. ValuEngine downgraded National Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Deutsche Bank downgraded National Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $49.33.

NASDAQ NATI traded up $1.00 during trading hours on Friday, hitting $42.79. 13,861 shares of the company’s stock were exchanged, compared to its average volume of 818,407. The business’s 50 day moving average is $43.05 and its 200-day moving average is $43.59. The firm has a market capitalization of $5.79 billion, a P/E ratio of 31.87 and a beta of 0.93. National Instruments Corp has a 12-month low of $38.01 and a 12-month high of $51.00.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th will be issued a $0.25 dividend. The ex-dividend date is Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.34%. National Instruments’s dividend payout ratio (DPR) is 74.63%.

In other news, Director Jeffrey L. Kodosky sold 2,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $38.56, for a total value of $77,120.00. Following the transaction, the director now directly owns 350,410 shares in the company, valued at approximately $13,511,809.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 21,000 shares of company stock worth $881,885. Company insiders own 1.79% of the company’s stock.

About National Instruments

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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