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.

In other National Instruments news, insider Scott Arthur Rust sold 3,027 shares of the company’s 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 sale, the insider now directly owns 40,659 shares of the company’s stock, valued at $1,662,139.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey L. Kodosky sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $39.60, for a total transaction of $79,200.00. Following the sale, the director now directly owns 350,910 shares in the company, valued at $13,896,036. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,527 shares of company stock worth $988,569. Insiders own 1.79% of the company’s stock.

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%.

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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.

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

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