As National Instruments Corp. (NATI) Stock Value Rose, Shareholder Bares Capital Management Has Cut by $12.98 Million Its Stake; As Union Pac (UNP) Valuation Declined, Talara Capital Management Has Cut Stake

January 13, 2018 - By Peter Erickson

Brian Bares decreased its stake in National Instruments Corp. (NATI) by 8.17% based on its latest 2017Q3 regulatory filing with the SEC. Bares Capital Management Inc sold 309,091 shares as the company’s stock rose 15.72% with the market. The hedge fund run by Brian Bares held 3.47 million shares of the prepackaged software company at the end of 2017Q3, valued at $146.53M, down from 3.78 million at the end of the previous reported quarter. Bares Capital Management Inc who had been investing in National Instruments Corp. for a number of months, seems to be less bullish one the $5.79B market cap company. The stock increased 0.75% or $0.33 during the last trading session, reaching $44.31. About 454,032 shares traded. National Instruments Corporation (NASDAQ:NATI) has risen 38.06% since January 13, 2017 and is uptrending. It has outperformed by 21.36% the S&P500.

David Zusman decreased its stake in Union Pac Corp (UNP) by 27.35% based on its latest 2017Q3 regulatory filing with the SEC. Talara Capital Management Llc sold 21,607 shares as the company’s stock declined 2.52% while stock markets rallied. The hedge fund run by David Zusman held 57,406 shares of the railroads company at the end of 2017Q3, valued at $6.66 million, down from 79,013 at the end of the previous reported quarter. Talara Capital Management Llc who had been investing in Union Pac Corp for a number of months, seems to be less bullish one the $111.13 billion market cap company. The stock increased 0.58% or $0.82 during the last trading session, reaching $141.17. About 3.27M shares traded. Union Pacific Corporation (NYSE:UNP) has risen 31.45% since January 13, 2017 and is uptrending. It has outperformed by 14.75% the S&P500.

Among 4 analysts covering Natl Instruments (NASDAQ:NATI), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Natl Instruments had 7 analyst reports since July 31, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, July 28 report. Robert W. Baird upgraded it to “Outperform” rating and $35 target in Thursday, December 22 report. Oppenheimer initiated the shares of NATI in report on Friday, July 31 with “Outperform” rating. The stock of National Instruments Corporation (NASDAQ:NATI) earned “Market Perform” rating by FBR Capital on Wednesday, May 11. Stifel Nicolaus maintained National Instruments Corporation (NASDAQ:NATI) rating on Friday, October 27. Stifel Nicolaus has “Buy” rating and $46.0 target. The stock of National Instruments Corporation (NASDAQ:NATI) has “Buy” rating given on Friday, January 27 by Stifel Nicolaus. Stifel Nicolaus maintained it with “Buy” rating and $46.0 target in Sunday, September 24 report.

Investors sentiment decreased to 0.96 in Q3 2017. Its down 0.24, from 1.2 in 2017Q2. It fall, as 17 investors sold NATI shares while 85 reduced holdings. 32 funds opened positions while 66 raised stakes. 98.79 million shares or 2.67% less from 101.50 million shares in 2017Q2 were reported. Daruma Management Lc holds 99,489 shares. Wealthtrust stated it has 767 shares or 0.02% of all its holdings. Huntington Bankshares holds 0% or 5,556 shares in its portfolio. Guggenheim Lc holds 0% or 19,608 shares in its portfolio. Gsa Llp, United Kingdom-based fund reported 21,227 shares. Swiss Natl Bank holds 194,100 shares. Riverhead Cap Management Limited Co invested in 8,677 shares. Loring Wolcott & Coolidge Fiduciary Advisors Ltd Liability Partnership Ma stated it has 0% of its portfolio in National Instruments Corporation (NASDAQ:NATI). Magnetar Finance Ltd Liability Co accumulated 0% or 4,840 shares. Citigroup owns 9,581 shares. Great West Life Assurance Can holds 0.01% or 66,156 shares in its portfolio. Mutual Of America Management Lc holds 88,460 shares. 7,040 were accumulated by Natixis. New York-based Qs Invsts Limited Liability Com has invested 0% in National Instruments Corporation (NASDAQ:NATI). Kornitzer Mgmt Inc Ks owns 0.13% invested in National Instruments Corporation (NASDAQ:NATI) for 175,300 shares.

Bares Capital Management Inc, which manages about $984.50 million and $2.22B US Long portfolio, upped its stake in Costar Group (NASDAQ:CSGP) by 46,294 shares to 600,005 shares, valued at $160.95M in 2017Q3, according to the filing. It also increased its holding in Waters Corporation (NYSE:WAT) by 4,663 shares in the quarter, for a total of 728,948 shares, and has risen its stake in Markel Corp. (NYSE:MKL).

Analysts await National Instruments Corporation (NASDAQ:NATI) to report earnings on January, 25. They expect $0.34 EPS, up 13.33% or $0.04 from last year’s $0.3 per share. NATI’s profit will be $44.45 million for 32.58 P/E if the $0.34 EPS becomes a reality. After $0.25 actual EPS reported by National Instruments Corporation for the previous quarter, Wall Street now forecasts 36.00% EPS growth.

Since August 7, 2017, it had 0 buys, and 34 selling transactions for $6.71 million activity. 2,000 National Instruments Corporation (NASDAQ:NATI) shares with value of $84,720 were sold by KODOSKY JEFFREY L.

Talara Capital Management Llc, which manages about $249.36 million and $192.43 million US Long portfolio, upped its stake in Qep Res Inc (NYSE:QEP) by 817,669 shares to 2.50M shares, valued at $21.43 million in 2017Q3, according to the filing.

Analysts await Union Pacific Corporation (NYSE:UNP) to report earnings on January, 18. They expect $1.53 earnings per share, up 10.07% or $0.14 from last year’s $1.39 per share. UNP’s profit will be $1.20B for 23.07 P/E if the $1.53 EPS becomes a reality. After $1.50 actual earnings per share reported by Union Pacific Corporation for the previous quarter, Wall Street now forecasts 2.00% EPS growth.

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