Flinton Capital Management LLC Raises Stake in National Instruments Corporation (NATI)

Flinton Capital Management LLC lifted its position in shares of National Instruments Corporation (NASDAQ:NATI) by 78.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,996 shares of the technology company’s stock after purchasing an additional 4,386 shares during the quarter. Flinton Capital Management LLC’s holdings in National Instruments Corporation were worth $402,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of NATI. BlackRock Inc. raised its position in shares of National Instruments Corporation by 7,809.7% during the first quarter. BlackRock Inc. now owns 9,143,655 shares of the technology company’s stock worth $297,718,000 after purchasing an additional 9,028,054 shares during the period. William Blair Investment Management LLC acquired a new position in shares of National Instruments Corporation during the second quarter worth approximately $115,152,000. American Century Companies Inc. acquired a new position in shares of National Instruments Corporation during the second quarter worth approximately $43,967,000. Wells Fargo & Company MN raised its position in shares of National Instruments Corporation by 1,587.5% during the second quarter. Wells Fargo & Company MN now owns 948,054 shares of the technology company’s stock worth $38,130,000 after purchasing an additional 891,874 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of National Instruments Corporation by 87.5% during the second quarter. Goldman Sachs Group Inc. now owns 1,056,992 shares of the technology company’s stock worth $42,512,000 after purchasing an additional 493,245 shares during the period. 80.38% of the stock is currently owned by institutional investors.

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Shares of National Instruments Corporation (NATI) opened at 44.24 on Wednesday. The company has a market cap of $5.77 billion, a P/E ratio of 59.86 and a beta of 0.96. National Instruments Corporation has a one year low of $27.08 and a one year high of $44.25. The company’s 50-day moving average price is $41.01 and its 200 day moving average price is $38.57.

National Instruments Corporation (NASDAQ:NATI) last posted its earnings results on Thursday, July 27th. The technology company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.08. The business had revenue of $318.61 million during the quarter, compared to analyst estimates of $321.07 million. National Instruments Corporation had a return on equity of 9.81% and a net margin of 8.11%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS. On average, equities research analysts anticipate that National Instruments Corporation will post $0.92 earnings per share for the current year.

Several equities research analysts recently issued reports on NATI shares. Zacks Investment Research downgraded National Instruments Corporation from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Stifel Nicolaus reiterated a “buy” rating on shares of National Instruments Corporation in a report on Tuesday, September 26th. Finally, BidaskClub downgraded National Instruments Corporation from a “buy” rating to a “hold” rating in a report on Sunday, August 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $40.25.

In other National Instruments Corporation news, Director James J. Truchard sold 7,500 shares of National Instruments Corporation stock in a transaction on Monday, October 9th. The stock was sold at an average price of $43.64, for a total value of $327,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments Corporation stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $42.36, for a total value of $84,720.00. The disclosure for this sale can be found here. In the last three months, insiders sold 64,500 shares of company stock valued at $2,657,640. Corporate insiders own 9.92% of the company’s stock.

About National Instruments Corporation

National Instruments Corporation (NI) designs, manufactures and sells systems to engineers and scientists. The Company offers a line of measurement, automation and control products. It offers products, technology and services, which include system design software, programming tools, application software, modular hardware products and related driver software, production test systems, NI education platform, software products for teaching and hardware products for teaching.

Institutional Ownership by Quarter for National Instruments Corporation (NASDAQ:NATI)

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