Bares Capital Management buys $64,497,088 stake in National Instruments Corp (NATI)

National Instruments Corp (NATI) : Bares Capital Management scooped up 53,861 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 10, 2016. The investment management firm now holds a total of 2,314,212 shares of National Instruments Corp which is valued at $64,497,088.National Instruments Corp makes up approximately 4.25% of Bares Capital Management’s portfolio.

Other Hedge Funds, Including , Bell State Bank Trust boosted its stake in NATI in the latest quarter, The investment management firm added 1,693 additional shares and now holds a total of 9,591 shares of National Instruments Corp which is valued at $267,301. National Instruments Corp makes up approx 0.15% of Bell State Bank Trust’s portfolio.Td Asset Management Inc boosted its stake in NATI in the latest quarter, The investment management firm added 7,900 additional shares and now holds a total of 27,400 shares of National Instruments Corp which is valued at $766,104. Mai Capital Management sold out all of its stake in NATI during the most recent quarter. The investment firm sold 8,905 shares of NATI which is valued $255,217.

National Instruments Corp opened for trading at $27.84 and hit $28.22 on the upside on Friday, eventually ending the session at $28.19, with a gain of 0.75% or 0.21 points. The heightened volatility saw the trading volume jump to 5,11,303 shares. Company has a market cap of $3,625 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 .

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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