Daktronics, Inc. (NASDAQ:DAKT) Position Increased by Barclays PLC

Barclays PLC boosted its stake in shares of Daktronics, Inc. (NASDAQ:DAKT) by 348.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,388 shares of the technology company’s stock after purchasing an additional 45,360 shares during the quarter. Barclays PLC owned approximately 0.12% of Daktronics worth $754,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its holdings in shares of Daktronics by 10.9% during the second quarter. Rhumbline Advisers now owns 57,749 shares of the technology company’s stock valued at $806,000 after acquiring an additional 5,689 shares during the period. Victory Capital Management Inc. lifted its position in Daktronics by 4.2% in the 2nd quarter. Victory Capital Management Inc. now owns 145,695 shares of the technology company’s stock valued at $2,032,000 after purchasing an additional 5,838 shares during the last quarter. American Century Companies Inc. boosted its stake in Daktronics by 27.5% during the 2nd quarter. American Century Companies Inc. now owns 869,837 shares of the technology company’s stock valued at $12,134,000 after purchasing an additional 187,486 shares during the period. Inspire Investing LLC bought a new position in Daktronics in the 2nd quarter worth about $998,000. Finally, Progeny 3 Inc. grew its position in Daktronics by 140.0% in the 2nd quarter. Progeny 3 Inc. now owns 1,794,908 shares of the technology company’s stock worth $25,039,000 after purchasing an additional 1,047,156 shares during the last quarter. 61.69% of the stock is currently owned by institutional investors.

Insider Activity at Daktronics

In other Daktronics news, CEO Reece A. Kurtenbach sold 8,048 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $18.75, for a total transaction of $150,900.00. Following the completion of the transaction, the chief executive officer now directly owns 469,727 shares of the company’s stock, valued at approximately $8,807,381.25. This trade represents a 1.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Patrick Friel sold 2,244 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $18.17, for a total value of $40,773.48. Following the completion of the sale, the director now directly owns 87,573 shares in the company, valued at $1,591,201.41. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Daktronics from a “hold” rating to a “buy” rating in a report on Monday, October 14th.

Daktronics Trading Up 0.9 %

Shares of DAKT stock opened at $16.62 on Thursday. Daktronics, Inc. has a 1 year low of $7.20 and a 1 year high of $19.89. The firm has a market capitalization of $780.91 million, a PE ratio of 66.48, a price-to-earnings-growth ratio of 0.68 and a beta of 1.17. The stock has a fifty day moving average of $16.38 and a two-hundred day moving average of $14.62. 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 Company 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.