National Instruments Corp (NASDAQ:NATI) Director Sells $90,440.00 in Stock

National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $45.22, for a total value of $90,440.00. Following the sale, the director now owns 355,086 shares in the company, valued at approximately $16,056,988.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of NATI stock opened at $47.67 on Thursday. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 35.57 and a beta of 0.79. National Instruments Corp has a 52 week low of $38.78 and a 52 week high of $51.00.

National Instruments (NASDAQ:NATI) last announced its quarterly earnings results on Tuesday, January 29th. The technology company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). The company had revenue of $360.10 million during the quarter, compared to analysts’ expectations of $380.05 million. National Instruments had a return on equity of 15.11% and a net margin of 11.41%. As a group, equities analysts forecast that National Instruments Corp will post 1.38 earnings per share for the current year.

NATI has been the topic of several recent research reports. Zacks Investment Research upgraded National Instruments from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Saturday, January 26th. ValuEngine cut shares of National Instruments from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. Finally, BidaskClub upgraded shares of National Instruments from a “sell” rating to a “hold” rating in a research note on Friday, January 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. National Instruments has a consensus rating of “Hold” and a consensus price target of $48.50.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of National Instruments by 18.3% during the 4th quarter. BlackRock Inc. now owns 11,625,479 shares of the technology company’s stock valued at $527,565,000 after buying an additional 1,800,639 shares in the last quarter. Vanguard Group Inc. raised its position in shares of National Instruments by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 11,334,275 shares of the technology company’s stock valued at $547,785,000 after buying an additional 328,378 shares in the last quarter. Vanguard Group Inc raised its position in shares of National Instruments by 3.0% during the 3rd quarter. Vanguard Group Inc now owns 11,334,275 shares of the technology company’s stock valued at $547,785,000 after buying an additional 328,378 shares in the last quarter. King Luther Capital Management Corp raised its position in shares of National Instruments by 1.7% during the 3rd quarter. King Luther Capital Management Corp now owns 2,017,755 shares of the technology company’s stock valued at $97,518,000 after buying an additional 32,919 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of National Instruments by 4,438.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,923,976 shares of the technology company’s stock valued at $42,000 after buying an additional 1,881,579 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

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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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