Franklin Resources Inc. Trims Stock Position in Daktronics, Inc. (NASDAQ:DAKT)

Franklin Resources Inc. cut its holdings in shares of Daktronics, Inc. (NASDAQ:DAKTFree Report) by 60.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 152,486 shares of the technology company’s stock after selling 234,579 shares during the quarter. Franklin Resources Inc. owned about 0.33% of Daktronics worth $1,293,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Anchor Capital Advisors LLC raised its holdings in shares of Daktronics by 161.4% in the 4th quarter. Anchor Capital Advisors LLC now owns 136,557 shares of the technology company’s stock worth $1,158,000 after purchasing an additional 84,324 shares during the period. Quadrature Capital Ltd raised its holdings in shares of Daktronics by 29.3% in the 3rd quarter. Quadrature Capital Ltd now owns 41,663 shares of the technology company’s stock worth $371,000 after purchasing an additional 9,451 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Daktronics by 584.8% in the 3rd quarter. New York State Common Retirement Fund now owns 104,771 shares of the technology company’s stock worth $935,000 after purchasing an additional 89,471 shares during the period. Invesco Ltd. raised its holdings in shares of Daktronics by 21.0% in the 3rd quarter. Invesco Ltd. now owns 761,239 shares of the technology company’s stock worth $6,790,000 after purchasing an additional 132,223 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Daktronics by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,154,605 shares of the technology company’s stock worth $19,219,000 after purchasing an additional 11,194 shares during the period. 61.69% of the stock is currently owned by hedge funds and other institutional investors.

Daktronics Price Performance

DAKT stock opened at $11.28 on Thursday. 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 1 year low of $5.94 and a 1 year high of $12.42. The firm has a market cap of $521.02 million, a P/E ratio of 10.95, a price-to-earnings-growth ratio of 0.46 and a beta of 1.06. The stock has a 50-day simple moving average of $10.32 and a 200-day simple moving average of $9.26.

Analyst Ratings Changes

Separately, StockNews.com downgraded Daktronics from a “buy” rating to a “hold” rating in a report on Thursday, February 29th.

View Our Latest Analysis on DAKT

About Daktronics

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Daktronics (NASDAQ:DAKT)

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