First National Bank of Omaha boosted its holdings in National Instruments Corp (NASDAQ:NATI) by 29.8% in the 3rd quarter, Holdings Channel reports. The firm owned 6,433 shares of the technology company’s stock after purchasing an additional 1,478 shares during the period. First National Bank of Omaha’s holdings in National Instruments were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Valeo Financial Advisors LLC raised its position in National Instruments by 261.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,027 shares of the technology company’s stock worth $43,000 after buying an additional 743 shares during the last quarter. FTB Advisors Inc. raised 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 buying an additional 1,027 shares during the last quarter. Transamerica Financial Advisors Inc. purchased a new position in National Instruments during the 2nd quarter worth $120,000. Meeder Asset Management Inc. raised its position in National Instruments by 872.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 3,637 shares of the technology company’s stock worth $152,000 after buying an additional 3,263 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in National Instruments during the 3rd quarter worth $157,000. Hedge funds and other institutional investors own 79.49% of the company’s stock.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of National Instruments from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Susquehanna Bancshares assumed coverage on shares of National Instruments in a research report on Friday, October 18th. They set a “neutral” rating and a $40.00 price objective for the company. BidaskClub upgraded shares of National Instruments from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, ValuEngine upgraded shares of National Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $45.00.

In other news, Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $42.81, for a total transaction of $85,620.00. Following the transaction, the director now directly owns 344,910 shares in the company, valued at approximately $14,765,597.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 11,000 shares of company stock worth $464,795. Insiders own 1.79% of the company’s stock.

Shares of NATI opened at $43.51 on Friday. National Instruments Corp has a 52-week low of $38.01 and a 52-week high of $50.26. The company has a market capitalization of $5.67 billion, a PE ratio of 32.47 and a beta of 0.89. The company has a 50-day simple moving average of $41.35 and a 200-day simple moving average of $42.09.

National Instruments (NASDAQ:NATI) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. National Instruments had a net margin of 11.90% and a return on equity of 14.73%. The company had revenue of $340.44 million for the quarter, compared to analysts’ expectations of $338.95 million. During the same period last year, the company earned $0.45 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities analysts forecast that National Instruments Corp will post 1.26 EPS for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 11th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 7th. National Instruments’s payout ratio is currently 74.63%.

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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