SG Americas Securities LLC Makes New Investment in Daktronics, Inc. (NASDAQ:DAKT)

SG Americas Securities LLC acquired a new stake in shares of Daktronics, Inc. (NASDAQ:DAKT) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,581 shares of the technology company’s stock, valued at approximately $188,000.

Other large investors have also recently modified their holdings of the company. Progeny 3 Inc. raised its holdings in Daktronics by 140.0% during the 2nd quarter. Progeny 3 Inc. now owns 1,794,908 shares of the technology company’s stock valued at $25,039,000 after buying an additional 1,047,156 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Daktronics in the first quarter valued at about $7,482,000. Duquesne Family Office LLC raised its stake in shares of Daktronics by 20.3% during the second quarter. Duquesne Family Office LLC now owns 2,493,605 shares of the technology company’s stock valued at $34,786,000 after acquiring an additional 420,161 shares during the last quarter. First Bank & Trust raised its stake in shares of Daktronics by 29.5% during the first 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. boosted its holdings in shares of Daktronics by 27.5% during the second quarter. American Century Companies Inc. now owns 869,837 shares of the technology company’s stock worth $12,134,000 after purchasing an additional 187,486 shares during the period. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Daktronics Stock Down 2.2 %

Shares of NASDAQ DAKT opened at $12.89 on Thursday. The firm has a fifty day simple moving average of $13.45 and a two-hundred day simple moving average of $12.46. 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 firm has a market capitalization of $596.76 million, a PE ratio of 21.16, a price-to-earnings-growth ratio of 0.47 and a beta of 1.14.

Daktronics (NASDAQ:DAKT) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. Daktronics had a net margin of 1.29% and a return on equity of 19.92%. The company had revenue of $226.09 million during the quarter, compared to the consensus estimate of $216.84 million. Equities analysts expect that Daktronics, Inc. will post 0.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Matthew John Kurtenbach sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.03, for a total value of $45,090.00. Following the completion of the transaction, the vice president now owns 208,906 shares in the company, valued at $3,139,857.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Matthew John Kurtenbach sold 3,000 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.03, for a total value of $45,090.00. Following the completion of the transaction, the vice president now directly owns 208,906 shares in the company, valued at $3,139,857.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Bradley T. Wiemann sold 25,000 shares of Daktronics stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $12.89, for a total transaction of $322,250.00. Following the transaction, the executive vice president now directly owns 85,446 shares of the company’s stock, valued at approximately $1,101,398.94. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,400 shares of company stock worth $601,772. Company insiders own 8.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DAKT. Singular Research upgraded Daktronics to a “strong-buy” rating in a report on Monday, September 9th. StockNews.com raised Daktronics from a “hold” rating to a “buy” rating in a research note on Monday, October 14th.

Daktronics 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.