National Instruments Corp (NASDAQ:NATI), saw an insider raise his stake in the company through a transaction officially filed today. Director Michael E. McGrath purchased 2,000 shares of common stock in the company at an average price of $31.5 to $31.75 per share.
Following the completion of this transaction, McGrath now has a total of 2,000 shares directly invested in the company. A $4.07 billion market cap business, National Instruments Corp (NASAQ:NATI) is engaged in designing, manufacturing and selling tools to engineers and scientists; the Company provides graphical application software and modular hardware to create measurement, automation and embedded systems.
Moreover, while the company has multiple outside investors, there is one in particular that holds the most shares with the instrument application company. Royce & Associates, the hedge fund run by Chuck Royce, has 5,994,551 shares worth nearly $172 million invested in National Instruments Corp (NASDAQ:NATI).
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.