Wealth Enhancement Advisory Services LLC Raises Stock Holdings in Daktronics, Inc. $DAKT

Wealth Enhancement Advisory Services LLC boosted its holdings in Daktronics, Inc. (NASDAQ:DAKT) by 3.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,599 shares of the technology company’s stock after buying an additional 2,360 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.16% of Daktronics worth $1,158,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. SummerHaven Investment Management LLC grew its stake in shares of Daktronics by 1.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 56,355 shares of the technology company’s stock valued at $686,000 after purchasing an additional 876 shares during the period. Principal Financial Group Inc. grew its stake in shares of Daktronics by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 23,311 shares of the technology company’s stock valued at $284,000 after purchasing an additional 898 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Daktronics by 6.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,210 shares of the technology company’s stock valued at $295,000 after purchasing an additional 1,476 shares during the period. XTX Topco Ltd grew its stake in shares of Daktronics by 17.2% during the 1st quarter. XTX Topco Ltd now owns 17,469 shares of the technology company’s stock valued at $213,000 after purchasing an additional 2,566 shares during the period. Finally, Uniplan Investment Counsel Inc. grew its stake in shares of Daktronics by 0.8% during the 1st quarter. Uniplan Investment Counsel Inc. now owns 348,160 shares of the technology company’s stock valued at $4,241,000 after purchasing an additional 2,669 shares during the period. 61.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Zacks Research upgraded Daktronics from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 11th. Wall Street Zen upgraded Daktronics from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 14th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Daktronics currently has a consensus rating of “Strong Buy” and an average price target of $26.00.

Insider Transactions at Daktronics

In other news, insider Sheila Mae Anderson sold 3,839 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $16.86, for a total transaction of $64,725.54. Following the sale, the insider directly owned 39,495 shares of the company’s stock, valued at $665,885.70. This represents a 8.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Carla S. Gatzke sold 9,944 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $23.09, for a total value of $229,606.96. Following the sale, the vice president directly owned 721,036 shares in the company, valued at $16,648,721.24. This trade represents a 1.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,262 shares of company stock valued at $612,167 in the last ninety days. Corporate insiders own 5.30% of the company’s stock.

Daktronics Trading Down 1.6%

DAKT stock opened at $20.58 on Thursday. Daktronics, Inc. has a 1-year low of $10.24 and a 1-year high of $24.38. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.07 and a quick ratio of 1.54. The company has a market capitalization of $998.75 million, a price-to-earnings ratio of 17.15, a PEG ratio of 0.64 and a beta of 1.69. The business has a 50 day simple moving average of $18.54 and a two-hundred day simple moving average of $15.59.

Daktronics (NASDAQ:DAKT) last posted its quarterly earnings results on Wednesday, September 10th. The technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.09. Daktronics had a return on equity of 14.64% and a net margin of 1.51%.The business had revenue of $218.97 million during the quarter, compared to the consensus estimate of $196.90 million. Research analysts anticipate that Daktronics, Inc. will post 0.96 EPS for the current fiscal year.

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.