Insider Selling: National Instruments Corp (NATI) Insider Sells 3,027 Shares of Stock

National Instruments Corp (NASDAQ:NATI) insider Scott Arthur Rust sold 3,027 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $40.88, for a total transaction of $123,743.76. Following the completion of the sale, the insider now owns 40,659 shares of the company’s stock, valued at approximately $1,662,139.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NASDAQ:NATI traded down $0.77 on Monday, hitting $39.43. The stock had a trading volume of 417,153 shares, compared to its average volume of 640,897. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 29.43 and a beta of 0.80. National Instruments Corp has a 1 year low of $39.39 and a 1 year high of $51.00.

The business also recently declared 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. The ex-dividend date is Friday, May 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.54%. National Instruments’s payout ratio is currently 74.63%.

Hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its holdings in National Instruments by 4,438.0% during the fourth 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 during the last quarter. BlackRock Inc. lifted its position in National Instruments by 18.3% during the fourth quarter. BlackRock Inc. now owns 11,625,479 shares of the technology company’s stock valued at $527,565,000 after purchasing an additional 1,800,639 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in National Instruments by 108.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,937,963 shares of the technology company’s stock valued at $85,968,000 after purchasing an additional 1,007,875 shares during the last quarter. Norges Bank bought a new position in National Instruments during the fourth quarter valued at $45,666,000. Finally, Millennium Management LLC raised its stake in shares of National Instruments by 472.9% in the fourth quarter. Millennium Management LLC now owns 1,115,638 shares of the technology company’s stock valued at $50,628,000 after acquiring an additional 920,915 shares during the period. Institutional investors own 78.49% of the company’s stock.

Several equities research analysts have commented on NATI shares. Zacks Investment Research lowered shares of National Instruments from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. ValuEngine lowered shares of National Instruments from a “buy” rating to a “hold” rating in a research note on Tuesday, January 29th. BidaskClub lowered shares of National Instruments from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 9th. Finally, Deutsche Bank lowered shares of National Instruments from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $48.50.

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About National Instruments

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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