Crawford Investment Counsel Inc. increased its holdings in National Instruments Corp (NASDAQ:NATI) by 13.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,474 shares of the technology company’s stock after buying an additional 11,180 shares during the period. Crawford Investment Counsel Inc.’s holdings in National Instruments were worth $4,058,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NATI. Oregon Public Employees Retirement Fund lifted its stake in National Instruments by 4,438.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,923,976 shares of the technology company’s stock worth $42,000 after purchasing an additional 1,881,579 shares in the last quarter. BlackRock Inc. lifted its stake in National Instruments by 18.3% in the 4th quarter. BlackRock Inc. now owns 11,625,479 shares of the technology company’s stock worth $527,565,000 after purchasing an additional 1,800,639 shares in the last quarter. Norges Bank purchased a new stake in National Instruments in the 4th quarter worth approximately $45,666,000. Millennium Management LLC lifted its stake in National Instruments by 472.9% in the 4th quarter. Millennium Management LLC now owns 1,115,638 shares of the technology company’s stock worth $50,628,000 after purchasing an additional 920,915 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in National Instruments by 54.6% in the 4th quarter. American Century Companies Inc. now owns 1,127,933 shares of the technology company’s stock worth $51,186,000 after purchasing an additional 398,452 shares in the last quarter. 79.52% of the stock is owned by institutional investors.

Several analysts have issued reports on NATI shares. BidaskClub cut shares of National Instruments from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 9th. Deutsche Bank cut shares of National Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. ValuEngine cut shares of National Instruments from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. Finally, Zacks Investment Research cut shares of National Instruments from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. National Instruments currently has a consensus rating of “Hold” and an average price target of $48.50.

In other news, Director Duy Loan T. Le purchased 2,028 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were acquired at an average price of $43.67 per share, with a total value of $88,562.76. Following the acquisition, the director now directly owns 106,419 shares in the company, valued at $4,647,317.73. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Scott Arthur Rust sold 3,027 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was 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 directly owns 40,659 shares in the company, valued at approximately $1,662,139.92. The disclosure for this sale can be found here. In the last three months, insiders sold 22,527 shares of company stock worth $1,002,129. Insiders own 1.79% of the company’s stock.

National Instruments stock opened at $40.06 on Monday. National Instruments Corp has a fifty-two week low of $39.26 and a fifty-two week high of $51.00. The firm has a market cap of $5.28 billion, a PE ratio of 29.90 and a beta of 0.80.

National Instruments (NASDAQ:NATI) last released its earnings results on Tuesday, April 30th. The technology company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $311.07 million for the quarter, compared to the consensus estimate of $321.25 million. As a group, sell-side analysts expect that National Instruments Corp will post 1.34 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Friday, May 10th. National Instruments’s dividend payout ratio (DPR) is presently 74.63%.

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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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