ProShare Advisors LLC Invests $190,000 in Daktronics, Inc. (NASDAQ:DAKT)

ProShare Advisors LLC purchased a new position in shares of Daktronics, Inc. (NASDAQ:DAKT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,284 shares of the technology company’s stock, valued at approximately $190,000.

Several other large investors have also modified their holdings of the stock. Alta Fox Capital Management LLC raised its position in Daktronics by 310.7% in the fourth quarter. Alta Fox Capital Management LLC now owns 3,074,336 shares of the technology company’s stock worth $51,833,000 after acquiring an additional 2,325,779 shares in the last quarter. Duquesne Family Office LLC raised its position in Daktronics by 2.2% in the fourth quarter. Duquesne Family Office LLC now owns 2,625,105 shares of the technology company’s stock worth $44,259,000 after acquiring an additional 56,750 shares in the last quarter. Vanguard Group Inc. raised its position in Daktronics by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,450,964 shares of the technology company’s stock worth $41,323,000 after acquiring an additional 11,099 shares in the last quarter. Progeny 3 Inc. raised its position in Daktronics by 4.7% in the fourth quarter. Progeny 3 Inc. now owns 2,391,008 shares of the technology company’s stock worth $40,312,000 after acquiring an additional 106,400 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Daktronics by 11.3% in the fourth quarter. American Century Companies Inc. now owns 1,388,284 shares of the technology company’s stock worth $23,406,000 after acquiring an additional 140,482 shares in the last quarter. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Daktronics Trading Up 2.0%

NASDAQ:DAKT opened at $15.04 on Monday. The stock has a fifty day moving average price of $13.36 and a two-hundred day moving average price of $14.96. The stock has a market capitalization of $750.39 million, a price-to-earnings ratio of 60.16, a PEG ratio of 0.57 and a beta of 1.56. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.67 and a current ratio of 2.35. Daktronics, Inc. has a 1 year low of $10.24 and a 1 year high of $19.89.

Insider Buying and Selling at Daktronics

In related news, Director Andrew David Siegel acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of $11.50 per share, with a total value of $28,750.00. Following the completion of the purchase, the director now directly owns 43,446 shares in the company, valued at approximately $499,629. The trade was a 6.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Fox Opportunities Fund L. Alta sold 1,000,000 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $14.90, for a total value of $14,900,000.00. Following the sale, the insider now directly owns 4,973,599 shares in the company, valued at approximately $74,106,625.10. The trade was a 16.74% decrease in their position. The disclosure for this sale can be found here. 5.50% of the stock is owned by corporate insiders.

Daktronics Profile

Daktronics, Inc designs, manufactures, and sells electronic scoreboards, programmable display systems and large screen video displays 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.