Daktronics, Inc. (NASDAQ:DAKT) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its holdings in Daktronics, Inc. (NASDAQ:DAKT) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 429,713 shares of the technology company’s stock after selling 22,160 shares during the period. Charles Schwab Investment Management Inc. owned about 0.91% of Daktronics worth $7,245,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DAKT. Atria Investments Inc acquired a new stake in Daktronics in the third quarter valued at approximately $171,000. Victory Capital Management Inc. lifted its position in shares of Daktronics by 31.6% in the third quarter. Victory Capital Management Inc. now owns 191,799 shares of the technology company’s stock valued at $2,476,000 after acquiring an additional 46,104 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Daktronics in the third quarter valued at approximately $391,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Daktronics in the third quarter valued at approximately $564,000. Finally, FMR LLC lifted its position in shares of Daktronics by 5,451.9% in the third quarter. FMR LLC now owns 48,690 shares of the technology company’s stock valued at $629,000 after acquiring an additional 47,813 shares in the last quarter. 61.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Craig Hallum started coverage on Daktronics in a research report on Wednesday, January 22nd. They issued a “buy” rating and a $26.00 target price on the stock.

Daktronics Trading Down 0.9 %

Shares of NASDAQ DAKT opened at $12.55 on Monday. Daktronics, Inc. has a twelve month low of $8.81 and a twelve month high of $19.89. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $15.27 and a 200-day simple moving average of $14.90. The stock has a market capitalization of $626.16 million, a PE ratio of 50.20, a PEG ratio of 0.57 and a beta of 1.12.

About Daktronics

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.