National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky Sells 2,000 Shares

National Instruments Corp (NASDAQ:NATI) Director Jeffrey L. Kodosky sold 2,000 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $42.90, for a total transaction of $85,800.00. Following the completion of the sale, the director now directly owns 347,910 shares in the company, valued at $14,925,339. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of National Instruments stock opened at $42.57 on Friday. National Instruments Corp has a 12-month low of $38.01 and a 12-month high of $51.00. The stock has a market capitalization of $5.58 billion, a P/E ratio of 31.77 and a beta of 0.94. The stock has a 50-day moving average price of $40.60.

National Instruments (NASDAQ:NATI) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). National Instruments had a return on equity of 15.19% and a net margin of 11.34%. The firm had revenue of $311.07 million during the quarter, compared to analysts’ expectations of $321.25 million. On average, analysts expect that National Instruments Corp will post 1.34 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank downgraded shares of Hilton Hotels from a “buy” rating to a “hold” rating and set a $92.60 price target on the stock. in a report on Wednesday, May 1st. They noted that the move was a valuation call. BidaskClub raised shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a report on Friday, June 28th. Finally, Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. National Instruments has a consensus rating of “Hold” and a consensus price target of $48.50.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. First National Bank of Omaha raised its stake in National Instruments by 8.5% in the second quarter. First National Bank of Omaha now owns 4,955 shares of the technology company’s stock valued at $208,000 after purchasing an additional 390 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in National Instruments by 261.6% in the second quarter. Valeo Financial Advisors LLC now owns 1,027 shares of the technology company’s stock valued at $43,000 after purchasing an additional 743 shares in the last quarter. WINTON GROUP Ltd raised its stake in National Instruments by 50.3% in the second quarter. WINTON GROUP Ltd now owns 10,604 shares of the technology company’s stock valued at $445,000 after purchasing an additional 3,550 shares in the last quarter. First Trust Advisors LP raised its stake in National Instruments by 1,225.5% in the first quarter. First Trust Advisors LP now owns 81,984 shares of the technology company’s stock valued at $3,637,000 after purchasing an additional 75,799 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in National Instruments in the first quarter valued at approximately $4,223,000. 79.34% of the stock is currently owned by institutional investors and hedge funds.

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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