Using equivariant bifurcation theory, and on the basis of symmetry considerations independent of the model, we classify square and hexagonally periodic patterns that typically arise when a homeotropic or planar isotropic nematic state becomes unstable, perhaps as a consequence of an applied magnetic or electric field. We relate this to a Landau - de Gennes model for the free energy, and derive dispersion relations in sufficient generality to illustrate the role of up/down symmetry in determining which patterns can arise as a stable bifurcation branch from either initial state.