Daktronics, Inc. (NASDAQ:DAKT) Shares Acquired by Fmr LLC

Fmr LLC raised its holdings in Daktronics, Inc. (NASDAQ:DAKT) by 5,451.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 48,690 shares of the technology company’s stock after acquiring an additional 47,813 shares during the period. Fmr LLC owned approximately 0.11% of Daktronics worth $629,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Duquesne Family Office LLC increased its holdings in shares of Daktronics by 20.3% during the 2nd quarter. Duquesne Family Office LLC now owns 2,493,605 shares of the technology company’s stock worth $34,786,000 after buying an additional 420,161 shares during the last quarter. Progeny 3 Inc. increased its stake in Daktronics by 140.0% during the second quarter. Progeny 3 Inc. now owns 1,794,908 shares of the technology company’s stock worth $25,039,000 after acquiring an additional 1,047,156 shares during the last quarter. American Century Companies Inc. lifted its position in Daktronics by 27.5% in the second quarter. American Century Companies Inc. now owns 869,837 shares of the technology company’s stock valued at $12,134,000 after buying an additional 187,486 shares during the last quarter. Meros Investment Management LP boosted its stake in Daktronics by 1.6% during the second quarter. Meros Investment Management LP now owns 485,811 shares of the technology company’s stock worth $6,777,000 after buying an additional 7,885 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Daktronics by 76.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 451,873 shares of the technology company’s stock valued at $5,834,000 after acquiring an additional 195,830 shares during the last quarter. 61.69% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director John Patrick Friel sold 2,244 shares of Daktronics 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 transaction, the director now directly owns 87,573 shares in the company, valued at approximately $1,591,201.41. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Reece A. Kurtenbach sold 8,048 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $18.75, for a total transaction of $150,900.00. Following the completion of the sale, the chief executive officer now directly owns 469,727 shares in the company, valued at approximately $8,807,381.25. This trade represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,692 shares of company stock worth $718,435 in the last ninety days. 8.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Daktronics Stock Down 3.4 %

Shares of DAKT opened at $17.05 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.67 and a current ratio of 2.35. The stock has a market capitalization of $801.11 million, a PE ratio of 68.20, a P/E/G ratio of 0.72 and a beta of 1.19. The company’s 50-day simple moving average is $15.07 and its 200-day simple moving average is $13.91. Daktronics, Inc. has a 1 year low of $7.20 and a 1 year high of $19.89.

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.