AlphaCrest Capital Management LLC Makes New $821,000 Investment in National Instruments Corp (NASDAQ:NATI)

AlphaCrest Capital Management LLC acquired a new stake in shares of National Instruments Corp (NASDAQ:NATI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,514 shares of the technology company’s stock, valued at approximately $821,000.

Several other institutional investors have also recently made changes to their positions in the company. Executive Wealth Management LLC bought a new position in National Instruments during the fourth quarter valued at approximately $25,000. Icon Wealth Partners LLC purchased a new stake in shares of National Instruments during the first quarter valued at approximately $49,000. Quadrant Capital Group LLC boosted its stake in shares of National Instruments by 2,522.7% during the first quarter. Quadrant Capital Group LLC now owns 1,154 shares of the technology company’s stock valued at $49,000 after purchasing an additional 1,110 shares during the period. Financial Gravity Companies Inc. purchased a new stake in National Instruments in the fourth quarter worth $56,000. Finally, Financial Gravity Wealth Inc. purchased a new stake in National Instruments in the first quarter worth $59,000. 79.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:NATI traded up $0.49 on Friday, hitting $41.99. 3,064,382 shares of the company traded hands, compared to its average volume of 638,971. National Instruments Corp has a 52 week low of $38.01 and a 52 week high of $51.00. The business has a 50 day moving average price of $40.22. The company has a market capitalization of $5.54 billion, a P/E ratio of 31.34 and a beta of 0.94.

National Instruments (NASDAQ:NATI) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). National Instruments had a return on equity of 15.19% and a net margin of 11.34%. The business had revenue of $311.07 million during the quarter, compared to the consensus estimate of $321.25 million. Analysts predict that National Instruments Corp will post 1.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, May 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.38%. National Instruments’s dividend payout ratio is currently 74.63%.

In other news, insider Scott Arthur Rust sold 3,027 shares of National Instruments stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $40.88, for a total transaction of $123,743.76. Following the transaction, the insider now directly owns 40,659 shares of the company’s stock, valued at approximately $1,662,139.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey L. Kodosky sold 2,000 shares of National Instruments stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $46.65, for a total value of $93,300.00. Following the transaction, the director now directly owns 354,086 shares in the company, valued at $16,518,111.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,527 shares of company stock valued at $964,794. Corporate insiders own 1.79% of the company’s stock.

A number of brokerages recently commented on NATI. BidaskClub raised National Instruments from a “strong sell” rating to a “sell” rating in a research note on Friday. Deutsche Bank lowered National Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Zacks Investment Research raised National Instruments from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. One 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.

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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