Schroder Investment Management Group Trims Stock Position in National Instruments Corp (NASDAQ:NATI)
Schroder Investment Management Group trimmed its holdings in National Instruments Corp (NASDAQ:NATI) by 98.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,100 shares of the technology company’s stock after selling 170,400 shares during the period. Schroder Investment Management Group’s holdings in National Instruments were worth $130,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Valeo Financial Advisors LLC increased 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 during the last quarter. Icon Wealth Partners LLC acquired a new stake in National Instruments during the 1st quarter worth approximately $49,000. FTB Advisors Inc. increased its position in National Instruments by 219.4% during the 2nd quarter. FTB Advisors Inc. now owns 1,495 shares of the technology company’s stock worth $62,000 after purchasing an additional 1,027 shares in the last quarter. ETF Managers Group LLC raised its holdings in National Instruments by 8.9% in the first quarter. ETF Managers Group LLC now owns 2,861 shares of the technology company’s stock valued at $127,000 after buying an additional 235 shares during the period. Finally, 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 valued at $150,000 after buying an additional 400 shares in the last quarter. Institutional investors own 79.60% of the company’s stock.
National Instruments stock traded down $0.17 during midday trading on Wednesday, hitting $43.61. 5,704 shares of the stock were exchanged, compared to its average volume of 492,994. National Instruments Corp has a 1 year low of $38.01 and a 1 year high of $51.00. The firm has a market cap of $5.69 billion, a P/E ratio of 32.67 and a beta of 0.92. The company has a 50 day moving average price of $42.87 and a two-hundred day moving average price of $43.26.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 12th were issued a $0.25 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.00 annualized dividend and a yield of 2.29%. National Instruments’s dividend payout ratio is presently 74.63%.
In other news, Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $42.85, for a total transaction of $85,700.00. Following the transaction, the director now owns 348,410 shares of the company’s stock, valued at $14,929,368.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 21,500 shares of company stock worth $916,130 over the last ninety days. 1.79% of the stock is currently owned by corporate insiders.
NATI has been the topic of several recent research reports. BidaskClub upgraded shares of National Instruments from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. ValuEngine cut National Instruments from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of National Instruments from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. One equities 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 stock has an average rating of “Hold” and an average price target of $49.33.
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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