43,685 Shares in Daktronics, Inc. (NASDAQ:DAKT) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new position in shares of Daktronics, Inc. (NASDAQ:DAKT) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 43,685 shares of the technology company’s stock, valued at approximately $564,000.

A number of other large investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake in Daktronics by 76.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 451,873 shares of the technology company’s stock worth $5,834,000 after purchasing an additional 195,830 shares during the period. Foundry Partners LLC purchased a new position in Daktronics during the third quarter worth approximately $4,101,000. Quest Partners LLC purchased a new position in Daktronics during the third quarter worth approximately $391,000. Empowered Funds LLC raised its stake in Daktronics by 5.4% during the third quarter. Empowered Funds LLC now owns 226,070 shares of the technology company’s stock worth $2,919,000 after purchasing an additional 11,524 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Daktronics by 31.6% during the third quarter. Victory Capital Management Inc. now owns 191,799 shares of the technology company’s stock worth $2,476,000 after purchasing an additional 46,104 shares during the period. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Singular Research raised shares of Daktronics to a “strong-buy” rating in a research note on Monday, September 9th. StockNews.com raised shares of Daktronics from a “hold” rating to a “buy” rating in a research note on Monday, October 14th.

Insider Buying and Selling

In related news, VP Matthew John Kurtenbach sold 15,400 shares of Daktronics stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $13.28, for a total transaction of $204,512.00. Following the sale, the vice president now owns 2,500 shares of the company’s stock, valued at $33,200. The trade was a 86.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Bradley T. Wiemann sold 25,000 shares of Daktronics stock in a transaction on Friday, September 27th. The stock was sold at an average price of $12.89, for a total transaction of $322,250.00. Following the sale, the executive vice president now directly owns 85,446 shares in the company, valued at $1,101,398.94. This trade represents a 22.64 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by insiders.

Daktronics Stock Performance

Shares of DAKT stock opened at $15.40 on Friday. The company’s fifty day simple moving average is $13.69 and its 200-day simple moving average is $13.26. Daktronics, Inc. has a 52 week low of $7.20 and a 52 week high of $15.97. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.48. The company has a market cap of $713.64 million, a PE ratio of 194.63, a P/E/G ratio of 0.57 and a beta of 1.14.

Daktronics (NASDAQ:DAKT) last issued its earnings results on Wednesday, September 4th. The technology company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. Daktronics had a net margin of 1.29% and a return on equity of 19.92%. The business had revenue of $226.09 million for the quarter, compared to the consensus estimate of $216.84 million. As a group, equities research analysts anticipate that Daktronics, Inc. will post 0.89 EPS for the current year.

Daktronics Company Profile

Daktronics, Inc designs, manufactures, and sells electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments.