National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments stock in a transaction on Monday, July 8th. The shares were sold at an average price of $42.90, for a total value of $85,800.00. Following the completion of the sale, the director now owns 347,910 shares in the company, valued at approximately $14,925,339. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NASDAQ NATI opened at $42.57 on Friday. National Instruments Corp has a twelve month low of $38.01 and a twelve month high of $51.00. The company has a fifty day moving average price of $40.60. The firm has a market capitalization of $5.58 billion, a PE ratio of 31.77 and a beta of 0.94.
National Instruments (NASDAQ:NATI) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.01). National Instruments had a net margin of 11.34% and a return on equity of 15.19%. The firm had revenue of $311.07 million during the quarter, compared to analyst estimates of $321.25 million. As a group, research analysts expect that National Instruments Corp will post 1.34 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on NATI. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub raised Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. Finally, Deutsche Bank cut Hilton Hotels from a “buy” rating to a “hold” rating and set a $92.60 price objective for the company. in a research note on Wednesday, May 1st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. National Instruments presently has a consensus rating of “Hold” and an average price target of $48.50.
Hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC bought a new stake in shares of National Instruments in the 4th quarter worth $214,000. Northern Trust Corp grew its stake in shares of National Instruments by 1.5% in the 4th quarter. Northern Trust Corp now owns 970,247 shares of the technology company’s stock worth $44,029,000 after acquiring an additional 14,328 shares in the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of National Instruments in the 4th quarter worth $133,000. Great West Life Assurance Co. Can grew its stake in shares of National Instruments by 8.9% in the 4th quarter. Great West Life Assurance Co. Can now owns 69,893 shares of the technology company’s stock worth $2,945,000 after acquiring an additional 5,737 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of National Instruments by 77.0% in the 4th quarter. Hsbc Holdings PLC now owns 311,308 shares of the technology company’s stock worth $14,119,000 after acquiring an additional 135,424 shares in the last quarter. 79.34% of the stock is owned by institutional investors and hedge funds.
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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