Daktronics, Inc. $DAKT Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in Daktronics, Inc. (NASDAQ:DAKT) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,299,082 shares of the technology company’s stock after selling 87,153 shares during the quarter. Vanguard Group Inc. owned 6.77% of Daktronics worth $65,223,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DAKT. Quarry LP purchased a new position in Daktronics during the 3rd quarter worth approximately $25,000. State of Alaska Department of Revenue acquired a new stake in shares of Daktronics during the 3rd quarter valued at $43,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Daktronics by 204.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,046 shares of the technology company’s stock valued at $46,000 after buying an additional 2,045 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Daktronics by 66.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,897 shares of the technology company’s stock valued at $59,000 after buying an additional 1,561 shares during the period. Finally, CWM LLC boosted its stake in shares of Daktronics by 138.9% during the 4th quarter. CWM LLC now owns 6,094 shares of the technology company’s stock valued at $120,000 after buying an additional 3,543 shares during the period. Institutional investors and hedge funds own 61.69% of the company’s stock.

Daktronics Stock Performance

Shares of DAKT opened at $19.80 on Friday. The company has a market capitalization of $956.34 million, a PE ratio of 36.00, a price-to-earnings-growth ratio of 0.56 and a beta of 1.67. Daktronics, Inc. has a one year low of $13.05 and a one year high of $28.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.22 and a quick ratio of 1.68. The company’s fifty day moving average price is $20.13 and its 200 day moving average price is $20.82.

Daktronics (NASDAQ:DAKT) last announced its earnings results on Wednesday, March 4th. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.09). The firm had revenue of $181.87 million during the quarter, compared to the consensus estimate of $181.00 million. Daktronics had a return on equity of 16.55% and a net margin of 3.43%. As a group, analysts expect that Daktronics, Inc. will post 0.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DAKT shares. Wall Street Zen raised shares of Daktronics from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Zacks Research lowered shares of Daktronics from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce”.

Daktronics Company Profile

Daktronics, Inc (NASDAQ: DAKT) is a leading designer and manufacturer of electronic display systems, video boards, scoreboards and related control systems. Founded in 1968 in Brookings, South Dakota by Al Kurtenbach and Duane Sander, the company has built a reputation for delivering custom visual display solutions to a wide range of markets. Its product portfolio includes large-format LED video displays, programmable message centers, digital billboards, and audio-visual solutions tailored to sports venues, transportation authorities, retail environments and live event producers.

The company’s primary business activities encompass the engineering, fabrication and installation of display systems for customers around the world.