Royce Associates Lp Lowers stake in National Instruments Corp (NATI)

National Instruments Corp (NATI) : Royce Associates Lp reduced its stake in National Instruments Corp by 2.32% during the most recent quarter end. The investment management company now holds a total of 3,539,418 shares of National Instruments Corp which is valued at $98,218,850 after selling 84,200 shares in National Instruments Corp , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.National Instruments Corp makes up approximately 0.61% of Royce Associates Lp’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities boosted its stake in NATI in the latest quarter, The investment management firm added 956 additional shares and now holds a total of 37,957 shares of National Instruments Corp which is valued at $1,066,592. National Instruments Corp makes up approx 0.01% of Sg Americas Securities’s portfolio. Parametrica Management Ltd sold out all of its stake in NATI during the most recent quarter. The investment firm sold 9,827 shares of NATI which is valued $283,804.First National Bank Of Omaha reduced its stake in NATI by selling 50 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 15,725 shares of NATI which is valued at $453,037. National Instruments Corp makes up approx 0.03% of First National Bank Of Omaha’s portfolio.

National Instruments Corp opened for trading at $27.84 and hit $28.1 on the upside on Monday, eventually ending the session at $28.05, with a gain of 0.65% or 0.18 points. The heightened volatility saw the trading volume jump to 4,79,023 shares. Company has a market cap of $3,607 M.

On the company’s financial health, National Instruments Corp reported $0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.25. The company had revenue of $306.10 million for the quarter, compared to analysts expectations of $305.70 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on National Instruments Corp. Shares were Reiterated by Stifel on Jul 28, 2016 to “Buy” and Lowered the Price Target to $ 32 from a previous price target of $33 .FBR Capital Initiated National Instruments Corp on May 11, 2016 to “Mkt Perform”, Price Target of the shares are set at $28.

National Instruments Corporation (NI) designs manufactures and sells systems to engineers and scientists. The Company offers graphical system design approach to engineering which provides a software and hardware platform for the development of systems needing measurement and control. The Company offers a line of measurement automation and control products to work either separately as stand-alone products or as an integrated system or as an integrated system. The Company offers volume licensing. The Company offers products technology and services which include system design software programming tools application software hardware products and related driver software NI education platform software products for teaching and hardware products for teaching. The Company also offers NI Services including hardware services and maintenance software maintenance services and training and certification.

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