Pacer Advisors Inc. grew its holdings in National Instruments Co. (NASDAQ:NATI – Get Rating) by 377.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,022 shares of the technology company’s stock after purchasing an additional 19,778 shares during the quarter. Pacer Advisors Inc.’s holdings in National Instruments were worth $923,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in NATI. Vanguard Group Inc. boosted its holdings in National Instruments by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 13,180,350 shares of the technology company’s stock valued at $497,426,000 after purchasing an additional 297,706 shares during the period. BlackRock Inc. raised its holdings in National Instruments by 0.3% in the 3rd quarter. BlackRock Inc. now owns 11,340,461 shares of the technology company’s stock valued at $427,989,000 after acquiring an additional 37,096 shares in the last quarter. State Street Corp grew its holdings in shares of National Instruments by 2.3% during the 3rd quarter. State Street Corp now owns 3,685,700 shares of the technology company’s stock worth $139,098,000 after purchasing an additional 81,689 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of National Instruments by 27.9% during the third quarter. Neuberger Berman Group LLC now owns 2,107,752 shares of the technology company’s stock valued at $79,547,000 after purchasing an additional 460,212 shares during the period. Finally, Riverbridge Partners LLC raised its stake in shares of National Instruments by 8.6% in the third quarter. Riverbridge Partners LLC now owns 2,014,310 shares of the technology company’s stock valued at $76,020,000 after purchasing an additional 159,179 shares in the last quarter. Institutional investors and hedge funds own 90.87% of the company’s stock.
National Instruments Trading Up 0.0 %
NATI stock opened at $58.14 on Wednesday. The business has a fifty day moving average price of $53.27 and a 200 day moving average price of $46.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.34. National Instruments Co. has a fifty-two week low of $29.81 and a fifty-two week high of $58.29. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 48.05 and a beta of 1.20.
National Instruments Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Tuesday, May 9th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Monday, May 8th. National Instruments’s dividend payout ratio is currently 92.56%.
Wall Street Analysts Forecast Growth
NATI has been the topic of several analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $60.00 price target (up previously from $52.00) on shares of National Instruments in a report on Thursday, April 13th. Susquehanna cut shares of National Instruments from a “positive” rating to a “neutral” rating and set a $60.00 price target for the company. in a research note on Thursday, April 13th. Robert W. Baird lowered National Instruments from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $50.00 to $55.00 in a research note on Wednesday, February 1st. Jefferies Financial Group downgraded National Instruments from a “buy” rating to a “hold” rating and raised their target price for the stock from $55.00 to $60.00 in a research report on Friday, April 14th. Finally, StockNews.com began coverage on National Instruments in a research note on Thursday, April 27th. They set a “buy” rating for the company. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $52.57.
National Instruments 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.
Featured Articles
- Get a free copy of the StockNews.com research report on National Instruments (NATI)
- Do Bank Stocks Go Up When Interest Rates Rise?
- How to Invest in Vertical Farming Stocks
- Can-Fite BioPharma Spikes on Pancreatic Cancer Inhibition Finding
- Ecolab: Slow And Steady Wins The Race
- MGM’s Hot Hand Is All In For A Rally, After This Small Break
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.
