Dynamic Technology Lab Private Ltd Invests $540,000 in Daktronics, Inc. $DAKT

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Daktronics, Inc. (NASDAQ:DAKT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 25,812 shares of the technology company’s stock, valued at approximately $540,000. Dynamic Technology Lab Private Ltd owned about 0.05% of Daktronics at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Daktronics by 6.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,210 shares of the technology company’s stock valued at $295,000 after acquiring an additional 1,476 shares during the period. Empowered Funds LLC raised its holdings in Daktronics by 2.1% during the first quarter. Empowered Funds LLC now owns 242,535 shares of the technology company’s stock worth $2,954,000 after purchasing an additional 4,926 shares in the last quarter. Atria Investments Inc lifted its position in Daktronics by 19.5% in the second quarter. Atria Investments Inc now owns 18,700 shares of the technology company’s stock worth $283,000 after purchasing an additional 3,057 shares during the period. Bank of New York Mellon Corp boosted its stake in Daktronics by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,352,441 shares of the technology company’s stock valued at $20,449,000 after purchasing an additional 7,999 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its position in shares of Daktronics by 190.4% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 32,132 shares of the technology company’s stock valued at $486,000 after purchasing an additional 21,069 shares during the period. 61.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DAKT shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Daktronics in a research report on Monday, December 29th. Zacks Research cut shares of Daktronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Daktronics Price Performance

Shares of Daktronics stock opened at $21.50 on Wednesday. Daktronics, Inc. has a twelve month low of $10.92 and a twelve month high of $28.27. The firm has a market cap of $1.04 billion, a P/E ratio of 39.09, a price-to-earnings-growth ratio of 0.66 and a beta of 1.70. The firm’s 50-day simple moving average is $23.50 and its 200-day simple moving average is $20.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.68 and a current ratio of 2.22.

Daktronics (NASDAQ:DAKT) last announced its quarterly earnings data on Wednesday, March 4th. The technology company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). Daktronics had a net margin of 3.43% and a return on equity of 16.55%. The firm had revenue of $181.87 million during the quarter, compared to the consensus estimate of $181.00 million. As a group, research analysts expect that Daktronics, Inc. will post 0.96 EPS for the current fiscal year.

About Daktronics

Daktronics, Inc (NASDAQ: DAKT) is a leading designer and manufacturer of electronic display systems, video boards, scoreboards and related control systems. Founded in 1968 in Brookings, South Dakota by Al Kurtenbach and Duane Sander, the company has built a reputation for delivering custom visual display solutions to a wide range of markets. Its product portfolio includes large-format LED video displays, programmable message centers, digital billboards, and audio-visual solutions tailored to sports venues, transportation authorities, retail environments and live event producers.

The company’s primary business activities encompass the engineering, fabrication and installation of display systems for customers around the world.