Daktronics, Inc. (NASDAQ:DAKT) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in Daktronics, Inc. (NASDAQ:DAKT) by 26.9% during the 4th quarter, Holdings Channel reports. The fund owned 20,815 shares of the technology company’s stock after purchasing an additional 4,416 shares during the quarter. SG Americas Securities LLC’s holdings in Daktronics were worth $177,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DAKT. American Century Companies Inc. raised its stake in Daktronics by 26.2% in the first quarter. American Century Companies Inc. now owns 64,738 shares of the technology company’s stock valued at $249,000 after buying an additional 13,458 shares in the last quarter. BlackRock Inc. raised its stake in Daktronics by 6.7% in the first quarter. BlackRock Inc. now owns 2,970,533 shares of the technology company’s stock valued at $11,406,000 after buying an additional 186,636 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 valued at $9,074,000 after buying an additional 6,166 shares in the last quarter. Sei Investments Co. raised 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 buying an additional 96,494 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Daktronics by 20.3% in the first quarter. Vanguard Group Inc. now owns 2,179,051 shares of the technology company’s stock valued at $8,368,000 after buying an additional 368,099 shares in the last quarter. 61.69% of the stock is currently owned by institutional investors and hedge funds.

Daktronics Stock Down 2.3 %

DAKT opened at $9.48 on Monday. The business’s 50-day simple moving average is $8.86 and its 200-day simple moving average is $9.03. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.38 and a current ratio of 2.21. Daktronics, Inc. has a one year low of $4.66 and a one year high of $12.42. The stock has a market capitalization of $437.88 million, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 0.28 and a beta of 1.08.

Daktronics (NASDAQ:DAKT) last posted its earnings results on Wednesday, February 28th. The technology company reported ($0.03) EPS for the quarter. Daktronics had a return on equity of 30.57% and a net margin of 6.59%. The firm had revenue of $170.30 million for the quarter. Analysts anticipate that Daktronics, Inc. will post 1.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DAKT. TheStreet cut Daktronics from a “b-” rating to a “c+” rating in a research note on Friday, January 5th. StockNews.com cut Daktronics from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th.

Daktronics Profile

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.