Tiaa Fsb Acquires Shares of 24,000 Daktronics, Inc. (NASDAQ:DAKT)

Tiaa Fsb purchased a new position in shares of Daktronics, Inc. (NASDAQ:DAKTGet Rating) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,000 shares of the technology company’s stock, valued at approximately $72,000. Tiaa Fsb owned approximately 0.05% of Daktronics as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of DAKT. Walleye Capital LLC bought a new stake in Daktronics during the second quarter valued at $137,000. Y Intercept Hong Kong Ltd bought a new position in Daktronics in the 2nd quarter valued at about $47,000. Envestnet Asset Management Inc. bought a new position in Daktronics in the 2nd quarter valued at about $122,000. SG Americas Securities LLC purchased a new stake in Daktronics in the 2nd quarter valued at about $38,000. Finally, Russell Investments Group Ltd. increased its stake in Daktronics by 271.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 129,518 shares of the technology company’s stock valued at $389,000 after buying an additional 94,648 shares during the last quarter. 47.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. StockNews.com initiated coverage on shares of Daktronics in a research note on Wednesday, October 12th. They set a “hold” rating for the company. TheStreet downgraded shares of Daktronics from a “c-” rating to a “d+” rating in a report on Monday, September 12th.

Insider Buying and Selling at Daktronics

In related news, Director Andrew David Siegel acquired 13,217 shares of the company’s stock in a transaction dated Tuesday, September 20th. The stock was bought at an average cost of $2.90 per share, with a total value of $38,329.30. Following the acquisition, the director now owns 1,265,392 shares of the company’s stock, valued at approximately $3,669,636.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Bradley T. Wiemann acquired 25,000 shares of the company’s stock in a transaction dated Wednesday, October 12th. The stock was bought at an average cost of $2.79 per share, with a total value of $69,750.00. Following the acquisition, the executive vice president now owns 130,445 shares of the company’s stock, valued at approximately $363,941.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew David Siegel acquired 13,217 shares of the company’s stock in a transaction dated Tuesday, September 20th. The shares were bought at an average cost of $2.90 per share, with a total value of $38,329.30. Following the completion of the acquisition, the director now directly owns 1,265,392 shares in the company, valued at approximately $3,669,636.80. The disclosure for this purchase can be found here. Insiders bought a total of 40,175 shares of company stock valued at $113,836 in the last three months. Company insiders own 10.80% of the company’s stock.

Daktronics Stock Down 0.3 %

Shares of NASDAQ:DAKT opened at $3.65 on Thursday. The firm has a fifty day moving average price of $3.09 and a two-hundred day moving average price of $3.31. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 0.83. Daktronics, Inc. has a one year low of $2.65 and a one year high of $5.38. The company has a market cap of $164.37 million, a price-to-earnings ratio of -19.21 and a beta of 0.95.

Daktronics (NASDAQ:DAKTGet Rating) last announced its quarterly earnings results on Wednesday, August 31st. The technology company reported ($0.12) EPS for the quarter. Daktronics had a negative net margin of 1.32% and a negative return on equity of 4.36%. The firm had revenue of $171.92 million during the quarter.

Daktronics Company Profile

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Daktronics, Inc designs, manufactures, markets, and sells electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation; indoor and outdoor light emitting diodes (LED) video displays, including centerhung, landmark, ribbon board, and corporate office entrance displays, as well as video walls and hanging banners; mobile and modular display systems; architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms.

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Institutional Ownership by Quarter for Daktronics (NASDAQ:DAKT)

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