Martingale Asset Management L P Takes Position in National Instruments Corp (NATI)
Martingale Asset Management L P acquired a new position in shares of National Instruments Corp (NASDAQ:NATI) during the first quarter, Holdings Channel reports. The fund acquired 30,521 shares of the technology company’s stock, valued at approximately $1,356,000.
Several other large investors also recently modified their holdings of the stock. ETF Managers Group LLC boosted its holdings in shares of National Instruments by 8.9% in the 1st quarter. ETF Managers Group LLC now owns 2,861 shares of the technology company’s stock worth $127,000 after buying an additional 235 shares during the last quarter. Fort L.P. boosted its holdings in shares of National Instruments by 21.2% in the 4th quarter. Fort L.P. now owns 1,605 shares of the technology company’s stock worth $73,000 after buying an additional 281 shares during the last quarter. Alps Advisors Inc. boosted its holdings in shares of National Instruments by 0.9% in the 4th quarter. Alps Advisors Inc. now owns 33,112 shares of the technology company’s stock worth $1,503,000 after buying an additional 304 shares during the last quarter. Stephens Inc. AR boosted its holdings in shares of National Instruments by 3.2% in the 4th quarter. Stephens Inc. AR now owns 16,748 shares of the technology company’s stock worth $760,000 after buying an additional 515 shares during the last quarter. Finally, Executive Wealth Management LLC purchased a new position in shares of National Instruments in the 4th quarter worth about $25,000. 79.52% of the stock is currently owned by institutional investors.
A number of brokerages recently weighed in on NATI. Deutsche Bank downgraded shares of National Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. BidaskClub downgraded shares of National Instruments from a “sell” rating to a “strong sell” rating in a report on Saturday, March 9th. Finally, Zacks Investment Research raised shares of National Instruments from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $48.50.
NASDAQ NATI opened at $38.12 on Tuesday. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 28.45 and a beta of 0.94. National Instruments Corp has a 52 week low of $38.01 and a 52 week high of $51.00.
National Instruments (NASDAQ:NATI) last released its quarterly earnings data 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). The business had revenue of $311.07 million for the quarter, compared to analysts’ expectations of $321.25 million. National Instruments had a net margin of 11.34% and a return on equity of 15.19%. As a group, equities research analysts anticipate that National Instruments Corp will post 1.34 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.62%. The ex-dividend date was Friday, May 10th. National Instruments’s dividend payout ratio (DPR) is presently 74.63%.
TRADEMARK VIOLATION NOTICE: This report was reported by Daily Political and is owned by of Daily Political. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://www.dailypolitical.com/2019/06/04/martingale-asset-management-l-p-takes-position-in-national-instruments-corp-nati.html.
National Instruments Company 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.
See Also: Why do companies engage in swaps?
Want to see what other hedge funds are holding NATI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Instruments Corp (NASDAQ:NATI).
Receive News & Ratings for National Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Instruments and related companies with MarketBeat.com's FREE daily email newsletter.