Brandywine Global Investment Management LLC purchased a new stake in shares of Daktronics, Inc. (NASDAQ:DAKT – Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 19,450 shares of the technology company’s stock, valued at approximately $110,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in shares of Daktronics by 26.2% during the first quarter. American Century Companies Inc. now owns 64,738 shares of the technology company’s stock worth $249,000 after purchasing an additional 13,458 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Daktronics by 6.7% during the 1st quarter. BlackRock Inc. now owns 2,970,533 shares of the technology company’s stock worth $11,406,000 after acquiring an additional 186,636 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Daktronics by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,362,963 shares of the technology company’s stock worth $9,074,000 after acquiring an additional 6,166 shares in the last quarter. Sei Investments Co. increased its stake in Daktronics by 214.1% in the first quarter. Sei Investments Co. now owns 141,557 shares of the technology company’s stock valued at $544,000 after acquiring an additional 96,494 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Daktronics by 20.3% during the first quarter. Vanguard Group Inc. now owns 2,179,051 shares of the technology company’s stock valued at $8,368,000 after purchasing an additional 368,099 shares in the last quarter. 51.96% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Daktronics
In other news, VP Matthew John Kurtenbach sold 12,250 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $9.27, for a total value of $113,557.50. Following the transaction, the vice president now owns 208,906 shares in the company, valued at $1,936,558.62. The sale was disclosed in a legal filing with the SEC, which is available at this link. 8.30% of the stock is currently owned by insiders.
Analyst Ratings Changes
Daktronics Stock Performance
Shares of DAKT opened at $9.03 on Tuesday. The company has a 50-day simple moving average of $7.87 and a two-hundred day simple moving average of $6.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.89 and a quick ratio of 1.18. The firm has a market capitalization of $412.67 million, a PE ratio of 13.28 and a beta of 1.18. Daktronics, Inc. has a one year low of $1.46 and a one year high of $10.27.
Daktronics (NASDAQ:DAKT – Get Free Report) last released its earnings results on Wednesday, July 12th. The technology company reported $0.47 EPS for the quarter. Daktronics had a return on equity of 23.00% and a net margin of 3.84%. The company had revenue of $209.86 million during the quarter.
Daktronics, Inc designs, manufactures, and markets electronic display systems and related products 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.
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