Stanley Laman Group Ltd. bought a new position in shares of National Instruments Corp (NASDAQ:NATI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,998 shares of the technology company’s stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of NATI. Valeo Financial Advisors LLC boosted its stake in National Instruments by 261.6% during the second quarter. Valeo Financial Advisors LLC now owns 1,027 shares of the technology company’s stock worth $43,000 after acquiring an additional 743 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in National Instruments by 2,522.7% during the first quarter. Quadrant Capital Group LLC now owns 1,154 shares of the technology company’s stock worth $49,000 after acquiring an additional 1,110 shares in the last quarter. Icon Wealth Partners LLC bought a new position in National Instruments during the first quarter worth $49,000. Financial Gravity Wealth Inc. bought a new position in National Instruments during the first quarter worth $59,000. Finally, ETF Managers Group LLC boosted its stake 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 acquiring an additional 235 shares in the last quarter. 79.47% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of National Instruments stock traded down $0.57 during trading hours on Thursday, reaching $41.48. The company’s stock had a trading volume of 6,502 shares, compared to its average volume of 798,014. National Instruments Corp has a one year low of $38.01 and a one year high of $51.00. The stock has a market cap of $5.70 billion, a P/E ratio of 31.03 and a beta of 0.93. The business has a fifty day simple moving average of $43.04.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, August 9th. National Instruments’s dividend payout ratio (DPR) is 74.63%.

In other news, Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $38.56, for a total value of $77,120.00. Following the completion of the sale, the director now owns 350,410 shares in the company, valued at $13,511,809.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Scott Arthur Rust sold 3,027 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $40.88, for a total transaction of $123,743.76. Following the completion of the sale, the insider now owns 40,659 shares of the company’s stock, valued at approximately $1,662,139.92. The disclosure for this sale can be found here. Insiders sold 24,027 shares of company stock worth $1,005,629 over the last ninety days. Insiders own 1.79% of the company’s stock.

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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