National Instruments Corporation (NATI) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System raised its holdings in shares of National Instruments Corporation (NASDAQ:NATI) by 16.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 206,400 shares of the technology company’s stock after buying an additional 29,700 shares during the quarter. California Public Employees Retirement System owned about 0.16% of National Instruments Corporation worth $8,301,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Fifth Third Bancorp raised its stake in shares of National Instruments Corporation by 0.9% in the first quarter. Fifth Third Bancorp now owns 3,722 shares of the technology company’s stock valued at $121,000 after purchasing an additional 32 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of National Instruments Corporation by 6.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,058 shares of the technology company’s stock valued at $163,000 after purchasing an additional 241 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of National Instruments Corporation by 21.5% in the first quarter. JPMorgan Chase & Co. now owns 4,845 shares of the technology company’s stock valued at $158,000 after purchasing an additional 858 shares in the last quarter. Nwam LLC acquired a new position in shares of National Instruments Corporation in the second quarter valued at $215,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of National Instruments Corporation in the second quarter valued at $218,000. Institutional investors own 80.38% of the company’s stock.

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In related news, Director Jeffrey L. Kodosky sold 2,000 shares of the business’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $42.94, for a total value of $85,880.00. Following the completion of the sale, the director now directly owns 384,271 shares in the company, valued at approximately $16,500,596.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James J. Truchard sold 7,500 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $42.05, for a total value of $315,375.00. Following the completion of the sale, the director now owns 9,083,916 shares of the company’s stock, valued at $381,978,667.80. The disclosure for this sale can be found here. Insiders sold a total of 64,500 shares of company stock valued at $2,657,640 over the last 90 days. 9.92% of the stock is currently owned by corporate insiders.

National Instruments Corporation (NASDAQ NATI) opened at 44.24 on Wednesday. National Instruments Corporation has a 52 week low of $27.08 and a 52 week high of $44.25. The company has a 50 day moving average price of $41.01 and a 200-day moving average price of $38.57. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 59.86 and a beta of 0.96.

National Instruments Corporation (NASDAQ:NATI) last released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.08. The business had revenue of $318.61 million during the quarter, compared to the consensus estimate of $321.07 million. National Instruments Corporation had a return on equity of 9.81% and a net margin of 8.11%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 EPS. Equities analysts predict that National Instruments Corporation will post $0.92 earnings per share for the current year.

A number of brokerages recently commented on NATI. Zacks Investment Research lowered National Instruments Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub lowered National Instruments Corporation from a “buy” rating to a “hold” rating in a research note on Sunday, August 6th. Finally, Stifel Nicolaus restated a “buy” rating on shares of National Instruments Corporation in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $40.25.

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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