Nuveen Asset Management LLC lowered its stake in shares of National Instruments Co. (NASDAQ:NATI – Get Rating) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 741,037 shares of the technology company’s stock after selling 6,138 shares during the period. Nuveen Asset Management LLC owned approximately 0.57% of National Instruments worth $27,967,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Amundi increased its stake in National Instruments by 77.1% in the second quarter. Amundi now owns 4,793,764 shares of the technology company’s stock valued at $150,525,000 after purchasing an additional 2,087,386 shares in the last quarter. Sarasin & Partners LLP increased its position in shares of National Instruments by 15.4% in the 3rd quarter. Sarasin & Partners LLP now owns 4,259,112 shares of the technology company’s stock valued at $160,739,000 after buying an additional 568,002 shares in the last quarter. State Street Corp raised its stake in National Instruments by 0.5% during the 2nd quarter. State Street Corp now owns 3,604,011 shares of the technology company’s stock worth $112,553,000 after buying an additional 19,462 shares during the period. Riverbridge Partners LLC lifted its holdings in National Instruments by 8.6% during the third quarter. Riverbridge Partners LLC now owns 2,014,310 shares of the technology company’s stock worth $76,020,000 after acquiring an additional 159,179 shares in the last quarter. Finally, King Luther Capital Management Corp grew its stake in National Instruments by 3.4% in the second quarter. King Luther Capital Management Corp now owns 1,536,013 shares of the technology company’s stock valued at $47,970,000 after acquiring an additional 51,017 shares during the period. 90.87% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at National Instruments
In other news, EVP Scott Arthur Rust sold 2,094 shares of the company’s stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $54.25, for a total transaction of $113,599.50. Following the sale, the executive vice president now owns 55,070 shares in the company, valued at approximately $2,987,547.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Scott Arthur Rust sold 2,094 shares of the business’s stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $54.25, for a total transaction of $113,599.50. Following the transaction, the executive vice president now directly owns 55,070 shares in the company, valued at approximately $2,987,547.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric Howard Starkloff sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $54.40, for a total transaction of $65,280.00. Following the completion of the sale, the chief executive officer now owns 282,278 shares of the company’s stock, valued at $15,355,923.20. The disclosure for this sale can be found here. Insiders sold a total of 41,290 shares of company stock worth $2,224,644 over the last ninety days. 0.66% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
National Instruments Trading Down 0.8 %
National Instruments stock opened at $50.12 on Thursday. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 47.73 and a beta of 1.17. The firm has a 50-day moving average of $47.62 and a 200-day moving average of $42.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.08 and a quick ratio of 1.34. National Instruments Co. has a one year low of $29.81 and a one year high of $55.04.
National Instruments Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, March 6th. Investors of record on Monday, February 13th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, February 10th. This represents a $1.12 annualized dividend and a yield of 2.23%. National Instruments’s dividend payout ratio (DPR) is presently 106.67%.
National Instruments Company Profile
National Instruments Corp. engages in the design, manufacture, and sale of systems to engineers and scientists that accelerate productivity, innovation and discovery. The firm’s products include Labview, TestStand, FlexLogger, Voltage, Temperature, Software Defined Radios, Power Accessories, and Repair Services.
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