Mission Wealth Management LP Buys 761 Shares of National Instruments Co. (NASDAQ:NATI)

Mission Wealth Management LP grew its stake in shares of National Instruments Co. (NASDAQ:NATI) by 12.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,818 shares of the technology company’s stock after purchasing an additional 761 shares during the period. Mission Wealth Management LP’s holdings in National Instruments were worth $243,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Goldman Sachs Group Inc. grew its holdings in shares of National Instruments by 28.0% in the second quarter. Goldman Sachs Group Inc. now owns 3,086,971 shares of the technology company’s stock valued at $119,496,000 after acquiring an additional 675,454 shares in the last quarter. Marshall Wace LLP lifted its position in shares of National Instruments by 103.7% during the second quarter. Marshall Wace LLP now owns 860,729 shares of the technology company’s stock worth $33,318,000 after acquiring an additional 438,230 shares in the last quarter. Bank of America Corp DE lifted its position in shares of National Instruments by 30.1% during the second quarter. Bank of America Corp DE now owns 948,833 shares of the technology company’s stock worth $36,730,000 after acquiring an additional 219,315 shares in the last quarter. Great Lakes Advisors LLC lifted its position in shares of National Instruments by 2,070.1% during the second quarter. Great Lakes Advisors LLC now owns 193,504 shares of the technology company’s stock worth $7,491,000 after acquiring an additional 184,587 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of National Instruments by 56.3% during the second quarter. Bessemer Group Inc. now owns 409,258 shares of the technology company’s stock worth $15,842,000 after acquiring an additional 147,409 shares in the last quarter. 84.60% of the stock is owned by hedge funds and other institutional investors.

In related news, CMO Carla Pineyro Sublett sold 5,563 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $35.88, for a total value of $199,600.44. Following the transaction, the chief marketing officer now owns 31,576 shares of the company’s stock, valued at $1,132,946.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.87% of the stock is owned by corporate insiders.

Several research firms have issued reports on NATI. Goldman Sachs Group began coverage on National Instruments in a research report on Thursday, August 13th. They set a “neutral” rating and a $38.00 target price on the stock. 140166 restated a “hold” rating and set a $35.00 target price on shares of National Instruments in a research report on Tuesday, August 4th. JPMorgan Chase & Co. downgraded National Instruments from a “neutral” rating to an “underweight” rating and set a $37.00 price objective on the stock. in a research report on Thursday, October 8th. Royal Bank of Canada reiterated a “hold” rating and issued a $39.00 price objective on shares of National Instruments in a research report on Sunday, August 16th. Finally, Zacks Investment Research upgraded National Instruments from a “sell” rating to a “hold” rating in a research report on Tuesday, September 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $40.57.

NATI opened at $36.49 on Friday. The stock has a market cap of $4.80 billion, a PE ratio of 18.90 and a beta of 0.97. The company has a quick ratio of 2.65, a current ratio of 3.27 and a debt-to-equity ratio of 0.07. National Instruments Co. has a 52 week low of $20.42 and a 52 week high of $47.89. The business’s fifty day simple moving average is $35.79 and its 200 day simple moving average is $36.88.

National Instruments (NASDAQ:NATI) last released its earnings results on Thursday, July 30th. The technology company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.08). The firm had revenue of $301.33 million during the quarter, compared to the consensus estimate of $301.51 million. National Instruments had a net margin of 19.25% and a return on equity of 12.46%. As a group, equities analysts anticipate that National Instruments Co. will post 0.71 earnings per share for the current year.

National Instruments Company Profile

National Instruments Corporation provides a software-centric platform and systems to engineers and scientists worldwide. Its programming environments software includes NI LabVIEW, a graphical software platform to visualize hardware configuration, measurement data, and debugging of application; NI 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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