National Instruments Corp (NATI) Director Sells $82,000.00 in Stock

National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $41.00, for a total value of $82,000.00. Following the completion of the sale, the director now owns 351,910 shares of the company’s stock, valued at $14,428,310. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NATI traded down $0.59 during midday trading on Friday, hitting $40.89. 1,070 shares of the company were exchanged, compared to its average volume of 595,029. The company has a market capitalization of $5.41 billion, a P/E ratio of 30.57 and a beta of 0.80. National Instruments Corp has a 1-year low of $40.00 and a 1-year high of $51.00.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, May 10th. National Instruments’s payout ratio is currently 74.63%.

NATI has been the subject of a number of analyst reports. Zacks Investment Research upgraded National Instruments from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. ValuEngine downgraded National Instruments from a “buy” rating to a “hold” rating in a research report on Tuesday, January 29th. BidaskClub downgraded National Instruments from a “hold” rating to a “sell” rating in a research report on Saturday, January 19th. Finally, Deutsche Bank downgraded National Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $48.50.

Hedge funds have recently bought and sold shares of the company. BlueMountain Capital Management LLC increased its holdings in shares of National Instruments by 21.1% during the 1st quarter. BlueMountain Capital Management LLC now owns 184,492 shares of the technology company’s stock worth $8,184,000 after buying an additional 32,128 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of National Instruments by 7.3% during the 1st quarter. HighTower Advisors LLC now owns 9,191 shares of the technology company’s stock worth $407,000 after buying an additional 628 shares during the last quarter. One Wealth Advisors LLC acquired a new stake in shares of National Instruments during the 1st quarter worth approximately $78,000. Morgan Stanley increased its holdings in shares of National Instruments by 161.2% during the 1st quarter. Morgan Stanley now owns 283,703 shares of the technology company’s stock worth $12,585,000 after buying an additional 175,100 shares during the last quarter. Finally, Praesidium Investment Management Company LLC increased its holdings in shares of National Instruments by 1.8% during the 1st quarter. Praesidium Investment Management Company LLC now owns 1,165,678 shares of the technology company’s stock worth $51,709,000 after buying an additional 21,093 shares during the last quarter. 78.49% of the stock is currently owned by institutional investors and hedge funds.

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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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Insider Buying and Selling by Quarter for National Instruments (NASDAQ:NATI)

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