ProShare Advisors LLC Sells 1,553 Shares of National Instruments Corporation (NATI)

ProShare Advisors LLC lessened its stake in shares of National Instruments Corporation (NASDAQ:NATI) by 16.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 7,851 shares of the technology company’s stock after selling 1,553 shares during the period. ProShare Advisors LLC’s holdings in National Instruments Corporation were worth $316,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. American Century Companies Inc. acquired a new stake in shares of National Instruments Corporation during the 2nd quarter valued at $43,967,000. Comerica Bank lifted its holdings in shares of National Instruments Corporation by 1.4% in the second quarter. Comerica Bank now owns 83,274 shares of the technology company’s stock valued at $3,585,000 after purchasing an additional 1,176 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of National Instruments Corporation by 10.9% in the second quarter. Russell Investments Group Ltd. now owns 73,980 shares of the technology company’s stock valued at $2,976,000 after purchasing an additional 7,261 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of National Instruments Corporation by 62.0% in the second quarter. BNP Paribas Arbitrage SA now owns 40,540 shares of the technology company’s stock valued at $1,631,000 after purchasing an additional 15,514 shares in the last quarter. Finally, Bares Capital Management Inc. lifted its holdings in shares of National Instruments Corporation by 15.1% in the first quarter. Bares Capital Management Inc. now owns 3,766,942 shares of the technology company’s stock valued at $122,652,000 after purchasing an additional 493,095 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

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

Shares of National Instruments Corporation (NATI) opened at 44.24 on Wednesday. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 59.86 and a beta of 0.96. National Instruments Corporation has a 12-month low of $27.08 and a 12-month high of $44.25. The stock has a 50 day moving average price of $41.01 and a 200-day moving average price of $38.57.

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

In other news, Director James J. Truchard sold 7,500 shares of National Instruments Corporation stock in a transaction on Monday, July 17th. The shares were sold at an average price of $42.05, for a total transaction of $315,375.00. Following the transaction, the director now directly owns 9,083,916 shares of the company’s stock, valued at $381,978,667.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments Corporation stock in a transaction on Monday, August 14th. The stock was sold at an average price of $40.08, for a total transaction of $80,160.00. Following the transaction, the director now directly owns 382,771 shares in the company, valued at $15,341,461.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,500 shares of company stock worth $2,657,640. 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.

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

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