Renaissance Technologies LLC Decreases Stake in National Instruments Corp (NASDAQ:NATI)

Renaissance Technologies LLC decreased its position in National Instruments Corp (NASDAQ:NATI) by 44.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 233,666 shares of the technology company’s stock after selling 189,200 shares during the period. Renaissance Technologies LLC owned 0.18% of National Instruments worth $9,812,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Baillie Gifford & Co. grew its position in shares of National Instruments by 0.6% during the 2nd quarter. Baillie Gifford & Co. now owns 838,268 shares of the technology company’s stock valued at $35,199,000 after acquiring an additional 5,001 shares during the period. State of Tennessee Treasury Department grew its position in shares of National Instruments by 1,039.3% during the 1st quarter. State of Tennessee Treasury Department now owns 100,000 shares of the technology company’s stock valued at $4,436,000 after acquiring an additional 91,223 shares during the period. BBT Capital Management LLC bought a new position in shares of National Instruments during the 1st quarter valued at approximately $284,000. Veritable L.P. grew its position in shares of National Instruments by 30.5% during the 2nd quarter. Veritable L.P. now owns 6,425 shares of the technology company’s stock valued at $270,000 after acquiring an additional 1,500 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in National Instruments by 57.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 312,094 shares of the technology company’s stock worth $12,952,000 after buying an additional 113,877 shares during the period. Hedge funds and other institutional investors own 79.52% of the company’s stock.

NATI traded down $0.26 on Monday, hitting $42.48. The company’s stock had a trading volume of 110,068 shares, compared to its average volume of 521,549. The company’s 50 day simple moving average is $42.71 and its 200-day simple moving average is $43.13. The firm has a market cap of $5.73 billion, a P/E ratio of 31.70 and a beta of 0.92. National Instruments Corp has a 12 month low of $38.01 and a 12 month high of $51.00.

National Instruments (NASDAQ:NATI) last released its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). The business had revenue of $334.23 million during the quarter, compared to the consensus estimate of $339.60 million. National Instruments had a return on equity of 15.03% and a net margin of 11.22%. Research analysts anticipate that National Instruments Corp will post 1.3 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Friday, August 9th. National Instruments’s payout ratio is 74.63%.

In other National Instruments news, Director Jeffrey L. Kodosky sold 2,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $42.85, for a total value of $85,700.00. Following the completion of the transaction, the director now directly owns 348,410 shares of the company’s stock, valued at approximately $14,929,368.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 19,500 shares of company stock valued at $837,615. Insiders own 1.79% of the company’s stock.

Several research firms recently commented on NATI. Zacks Investment Research downgraded shares of National Instruments from a “hold” rating to a “sell” rating in a report on Saturday, August 3rd. ValuEngine downgraded shares of National Instruments from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, BidaskClub raised shares of National Instruments from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $49.33.

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

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