United Services Automobile Association Cuts Stock Position in National Instruments Corp (NASDAQ:NATI)

United Services Automobile Association lowered its position in National Instruments Corp (NASDAQ:NATI) by 3.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,117 shares of the technology company’s stock after selling 696 shares during the period. United Services Automobile Association’s holdings in National Instruments were worth $719,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Municipal Employees Retirement System of Michigan grew its position in National Instruments by 1.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 20,780 shares of the technology company’s stock worth $873,000 after purchasing an additional 260 shares during the last quarter. Crawford Investment Counsel Inc. grew its position in National Instruments by 0.3% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 91,794 shares of the technology company’s stock worth $3,854,000 after purchasing an additional 320 shares during the last quarter. First National Bank of Omaha grew its position in National Instruments by 8.5% during the 2nd quarter. First National Bank of Omaha now owns 4,955 shares of the technology company’s stock worth $208,000 after purchasing an additional 390 shares during the last quarter. NumerixS Investment Technologies Inc grew its position in National Instruments by 13.3% during the 1st quarter. NumerixS Investment Technologies Inc now owns 3,400 shares of the technology company’s stock worth $150,000 after purchasing an additional 400 shares during the last quarter. Finally, Dupont Capital Management Corp grew its position in National Instruments by 3.3% during the 2nd quarter. Dupont Capital Management Corp now owns 12,464 shares of the technology company’s stock worth $523,000 after purchasing an additional 400 shares during the last quarter. 79.52% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on NATI shares. ValuEngine downgraded shares of National Instruments from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded shares of National Instruments from a “hold” rating to a “sell” rating in a research report on Saturday, August 3rd. Finally, BidaskClub downgraded shares of National Instruments from a “hold” rating to a “sell” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $49.33.

NATI stock opened at $40.70 on Friday. The firm’s fifty day simple moving average is $42.02 and its 200-day simple moving average is $42.70. The company has a market capitalization of $5.17 billion, a P/E ratio of 30.37 and a beta of 0.90. 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 consensus estimate of $0.30 by ($0.02). The business had revenue of $334.23 million during the quarter, compared to analysts’ expectations of $339.60 million. National Instruments had a net margin of 11.22% and a return on equity of 15.03%. As a group, equities analysts forecast that National Instruments Corp will post 1.3 earnings per share for the current year.

In other news, Director Jeffrey L. Kodosky sold 2,000 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $43.52, for a total value of $87,040.00. Following the sale, the director now directly owns 346,910 shares of the company’s stock, valued at approximately $15,097,523.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 17,000 shares of company stock worth $728,505 over the last ninety days. Insiders own 1.79% of the company’s stock.

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

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