Riverbridge Partners buys $135,953,223 stake in National Instruments Corp (NATI)

National Instruments Corp (NATI) : Riverbridge Partners scooped up 574,765 additional shares in National Instruments Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 4,838,193 shares of National Instruments Corp which is valued at $135,953,223.National Instruments Corp makes up approximately 2.73% of Riverbridge Partners’s portfolio.

Other Hedge Funds, Including , Hussman Strategic Advisors sold out all of its stake in NATI during the most recent quarter. The investment firm sold 5,000 shares of NATI which is valued $140,500.Louisiana State Employees Retirement System reduced its stake in NATI by selling 1,200 shares or 4.29% in the most recent quarter. The Hedge Fund company now holds 26,800 shares of NATI which is valued at $789,528. National Instruments Corp makes up approx 0.04% of Louisiana State Employees Retirement System’s portfolio.Hermes Investment Management Ltd boosted its stake in NATI in the latest quarter, The investment management firm added 149,588 additional shares and now holds a total of 1,255,876 shares of National Instruments Corp which is valued at $36,269,699. National Instruments Corp makes up approx 0.71% of Hermes Investment Management Ltd’s portfolio.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.Coastline Trust Co reduced its stake in NATI by selling 2,980 shares or 4.61% in the most recent quarter. The Hedge Fund company now holds 61,701 shares of NATI which is valued at $1,777,606. National Instruments Corp makes up approx 0.35% of Coastline Trust Co’s portfolio.

National Instruments Corp closed down -0.26 points or -0.93% at $27.84 with 4,85,746 shares getting traded on Thursday. Post opening the session at $28.05, the shares hit an intraday low of $27.83 and an intraday high of $28.17 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

Investors should note that on Jul 27, 2016, National Instruments Corp announced a cash dividend of $0.2000. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 6, 2016.

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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