Daktronics, Inc. (NASDAQ:DAKT) Holdings Boosted by Vanguard Group Inc.

Vanguard Group Inc. raised its position in Daktronics, Inc. (NASDAQ:DAKT) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,154,605 shares of the technology company’s stock after purchasing an additional 11,194 shares during the quarter. Vanguard Group Inc.’s holdings in Daktronics were worth $19,219,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. UBS Group AG boosted its holdings in Daktronics by 6.8% during the third quarter. UBS Group AG now owns 23,197 shares of the technology company’s stock worth $207,000 after buying an additional 1,471 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Daktronics by 11.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 23,600 shares of the technology company’s stock valued at $211,000 after purchasing an additional 2,400 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Daktronics during the 3rd quarter valued at $40,000. Royal Bank of Canada raised its holdings in Daktronics by 1,083.4% in the 2nd quarter. Royal Bank of Canada now owns 4,982 shares of the technology company’s stock worth $32,000 after acquiring an additional 4,561 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Daktronics by 3,779.5% during the 1st quarter. Bank of America Corp DE now owns 4,733 shares of the technology company’s stock worth $27,000 after purchasing an additional 4,611 shares during the period. Institutional investors and hedge funds own 61.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DAKT shares. TheStreet lowered shares of Daktronics from a “b-” rating to a “c+” rating in a research report on Friday, January 5th. StockNews.com lowered shares of Daktronics from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th.

Daktronics Price Performance

NASDAQ:DAKT opened at $9.48 on Monday. The firm has a market cap of $437.88 million, a PE ratio of 9.20, a price-to-earnings-growth ratio of 0.28 and a beta of 1.08. Daktronics, Inc. has a 12 month low of $4.66 and a 12 month high of $12.42. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $8.86 and its two-hundred day moving average price is $9.03.

Daktronics (NASDAQ:DAKT) last released its quarterly earnings results on Wednesday, February 28th. The technology company reported ($0.03) EPS for the quarter. The firm had revenue of $170.30 million during the quarter. Daktronics had a net margin of 6.59% and a return on equity of 30.57%. On average, equities analysts anticipate that Daktronics, Inc. will post 1.12 EPS for the current fiscal year.

Daktronics Company Profile

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.