Squarepoint Ops LLC Lowers Stock Holdings in Daktronics, Inc. (NASDAQ:DAKT)

Squarepoint Ops LLC decreased its position in shares of Daktronics, Inc. (NASDAQ:DAKT) by 4.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,440 shares of the technology company’s stock after selling 2,423 shares during the quarter. Squarepoint Ops LLC owned approximately 0.11% of Daktronics worth $718,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Daktronics by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 2,338,484 shares of the technology company’s stock valued at $23,291,000 after buying an additional 41,076 shares in the last quarter. Progeny 3 Inc. increased its holdings in Daktronics by 140.0% in the 2nd quarter. Progeny 3 Inc. now owns 1,794,908 shares of the technology company’s stock valued at $25,039,000 after acquiring an additional 1,047,156 shares during the last quarter. Breach Inlet Capital Management LLC bought a new stake in Daktronics in the 4th quarter valued at $11,508,000. First Bank & Trust increased its holdings in Daktronics by 29.5% in the 1st quarter. First Bank & Trust now owns 997,216 shares of the technology company’s stock valued at $9,932,000 after acquiring an additional 227,108 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Daktronics by 27.5% in the 2nd quarter. American Century Companies Inc. now owns 869,837 shares of the technology company’s stock valued at $12,134,000 after acquiring an additional 187,486 shares during the last quarter. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Analyst Upgrades and Downgrades

DAKT has been the topic of a number of research reports. StockNews.com downgraded shares of Daktronics from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Singular Research upgraded shares of Daktronics to a “strong-buy” rating in a report on Monday, September 9th.

Insiders Place Their Bets

In other news, VP Matthew John Kurtenbach sold 8,874 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $13.90, for a total value of $123,348.60. Following the sale, the vice president now owns 208,906 shares of the company’s stock, valued at approximately $2,903,793.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Matthew John Kurtenbach sold 8,874 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $13.90, for a total transaction of $123,348.60. Following the transaction, the vice president now owns 208,906 shares of the company’s stock, valued at approximately $2,903,793.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Bradley T. Wiemann sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $12.89, for a total value of $322,250.00. Following the transaction, the executive vice president now directly owns 85,446 shares in the company, valued at approximately $1,101,398.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,585 shares of company stock valued at $893,606 over the last three months. 8.30% of the stock is owned by company insiders.

Daktronics Stock Down 0.9 %

Shares of NASDAQ:DAKT opened at $13.03 on Tuesday. The company has a market cap of $603.24 million, a price-to-earnings ratio of 21.36, a PEG ratio of 0.44 and a beta of 1.14. Daktronics, Inc. has a 12 month low of $7.20 and a 12 month high of $15.97. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $13.61 and a 200 day moving average price of $12.19.

Daktronics (NASDAQ:DAKT) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. The business had revenue of $226.09 million during the quarter, compared to analyst estimates of $216.84 million. Daktronics had a return on equity of 19.92% and a net margin of 1.29%. As a group, equities research analysts predict that Daktronics, Inc. will post 0.89 earnings per share for the current 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.