JPMorgan Chase & Co. increased its stake in National Instruments Corp (NASDAQ:NATI) by 44.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,028 shares of the technology company’s stock after purchasing an additional 1,241 shares during the period. JPMorgan Chase & Co.’s holdings in National Instruments were worth $169,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. acquired a new stake in National Instruments in the 2nd quarter worth approximately $139,000. Riverhead Capital Management LLC raised its position in National Instruments by 81.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 7,425 shares of the technology company’s stock worth $299,000 after buying an additional 3,325 shares during the last quarter. Hanseatic Management Services Inc. raised its position in National Instruments by 763.1% during the 3rd quarter. Hanseatic Management Services Inc. now owns 7,423 shares of the technology company’s stock worth $313,000 after buying an additional 6,563 shares during the last quarter. Shelton Capital Management purchased a new position in National Instruments during the 2nd quarter worth approximately $321,000. Finally, Oakbrook Investments LLC purchased a new position in National Instruments during the 3rd quarter worth approximately $350,000. Institutional investors own 78.04% of the company’s stock.

National Instruments Corp (NASDAQ:NATI) opened at $46.57 on Friday. National Instruments Corp has a 1 year low of $29.80 and a 1 year high of $46.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.53 and a current ratio of 3.22. The stock has a market cap of $6,029.96, a P/E ratio of 55.44 and a beta of 0.93.

National Instruments (NASDAQ:NATI) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. National Instruments had a net margin of 8.72% and a return on equity of 10.16%. The company had revenue of $320.90 million during the quarter, compared to analyst estimates of $319.78 million. During the same period last year, the firm posted $0.25 EPS. National Instruments’s revenue for the quarter was up 4.7% compared to the same quarter last year. equities analysts predict that National Instruments Corp will post 0.93 earnings per share for the current fiscal year.

NATI has been the subject of a number of recent research reports. Stifel Nicolaus reissued a “buy” rating on shares of National Instruments in a research report on Tuesday, September 26th. Zacks Investment Research raised shares of National Instruments from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Thursday, December 28th. Finally, BidaskClub raised shares of National Instruments from a “strong sell” rating to a “sell” rating in a research report on Friday, January 5th.

In other news, Director James J. Truchard sold 7,500 shares of National Instruments stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $42.02, for a total transaction of $315,150.00. Following the completion of the transaction, the director now directly owns 8,277,537 shares of the company’s stock, valued at approximately $347,822,104.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey L. Kodosky sold 1,600 shares of National Instruments stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $44.77, for a total transaction of $71,632.00. Following the transaction, the director now directly owns 8,262,537 shares of the company’s stock, valued at $369,913,781.49. The disclosure for this sale can be found here. Insiders have sold a total of 1,054,851 shares of company stock valued at $46,024,388 over the last three months. 9.92% of the stock is currently owned by insiders.

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About National Instruments

National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers a line of measurement, automation and control products. It offers products, technology and services, which include system design software, programming tools, application software, modular hardware products and related driver software, production test systems, NI education platform, software products for teaching and hardware products for teaching.

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

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