Principal Financial Group Inc. Buys New Stake in Daktronics, Inc. (NASDAQ:DAKT)

Principal Financial Group Inc. bought a new stake in shares of Daktronics, Inc. (NASDAQ:DAKTFree Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 69,009 shares of the technology company’s stock, valued at approximately $687,000. Principal Financial Group Inc. owned about 0.15% of Daktronics as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in Daktronics by 14.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,451,404 shares of the technology company’s stock valued at $20,788,000 after acquiring an additional 305,597 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Daktronics by 0.5% in the third quarter. Vanguard Group Inc. now owns 2,154,605 shares of the technology company’s stock worth $19,219,000 after buying an additional 11,194 shares during the last quarter. Breach Inlet Capital Management LLC purchased a new position in shares of Daktronics in the fourth quarter worth $11,508,000. First Bank & Trust raised its holdings in shares of Daktronics by 29.5% in the first quarter. First Bank & Trust now owns 997,216 shares of the technology company’s stock worth $9,932,000 after buying an additional 227,108 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Daktronics by 21.0% in the third quarter. Invesco Ltd. now owns 761,239 shares of the technology company’s stock worth $6,790,000 after buying an additional 132,223 shares during the last quarter. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Daktronics Trading Down 3.0 %

NASDAQ DAKT opened at $13.05 on Friday. The company has a fifty day simple moving average of $11.42 and a two-hundred day simple moving average of $9.60. The stock has a market cap of $604.22 million, a P/E ratio of 21.39, a P/E/G ratio of 0.40 and a beta of 1.12. Daktronics, Inc. has a 12-month low of $5.99 and a 12-month high of $14.58. The company has a current ratio of 2.09, a quick ratio of 1.37 and a debt-to-equity ratio of 0.31.

Insiders Place Their Bets

In related news, CEO Reece A. Kurtenbach sold 15,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $13.87, for a total transaction of $208,050.00. Following the completion of the transaction, the chief executive officer now owns 457,963 shares of the company’s stock, valued at $6,351,946.81. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 8.30% of the company’s stock.

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.

Recommended Stories

Institutional Ownership by Quarter for Daktronics (NASDAQ:DAKT)

Receive News & Ratings for Daktronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daktronics and related companies with MarketBeat.com's FREE daily email newsletter.