Daktronics, Inc. (DAKT) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its stake in Daktronics, Inc. (NASDAQ:DAKT) by 15.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,773 shares of the technology company’s stock after selling 5,050 shares during the period. Wedge Capital Management L L P NC owned about 0.06% of Daktronics worth $283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DAKT. Dimensional Fund Advisors LP increased its holdings in Daktronics by 7.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,431,333 shares of the technology company’s stock valued at $22,976,000 after purchasing an additional 176,024 shares during the period. Vanguard Group Inc. increased its holdings in Daktronics by 5.8% in the second quarter. Vanguard Group Inc. now owns 2,179,448 shares of the technology company’s stock valued at $20,988,000 after purchasing an additional 119,913 shares during the period. Citadel Advisors LLC increased its holdings in Daktronics by 357.0% in the second quarter. Citadel Advisors LLC now owns 142,630 shares of the technology company’s stock valued at $1,373,000 after purchasing an additional 111,423 shares during the period. Renaissance Technologies LLC increased its holdings in Daktronics by 63.9% in the first quarter. Renaissance Technologies LLC now owns 201,300 shares of the technology company’s stock valued at $1,902,000 after purchasing an additional 78,500 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Daktronics by 30.4% in the second quarter. Ameriprise Financial Inc. now owns 275,096 shares of the technology company’s stock valued at $2,649,000 after purchasing an additional 64,186 shares during the period. Institutional investors and hedge funds own 51.48% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Daktronics, Inc. (DAKT) Shares Sold by Wedge Capital Management L L P NC” was originally published by Markets Daily and is the sole property of of Markets Daily. If you are reading this news story on another publication, it was copied illegally and republished in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.themarketsdaily.com/2017/11/12/daktronics-inc-dakt-shares-sold-by-wedge-capital-management-l-l-p-nc.html.

Shares of Daktronics, Inc. (NASDAQ:DAKT) opened at $9.94 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.43 and a debt-to-equity ratio of 0.08. Daktronics, Inc. has a 1-year low of $7.84 and a 1-year high of $11.12. The firm has a market capitalization of $440.22, a PE ratio of 34.28 and a beta of 1.23.

Daktronics (NASDAQ:DAKT) last issued its quarterly earnings results on Tuesday, August 22nd. The technology company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.06. Daktronics had a return on equity of 6.53% and a net margin of 2.20%. The firm had revenue of $172.70 million during the quarter, compared to the consensus estimate of $165.00 million. During the same period last year, the business posted $0.13 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. sell-side analysts predict that Daktronics, Inc. will post 0.37 earnings per share for the current year.

In other Daktronics news, insider Carla S. Gatzke sold 2,996 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $10.27, for a total transaction of $30,768.92. Following the completion of the sale, the insider now directly owns 435,063 shares in the company, valued at approximately $4,468,097.01. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Carla S. Gatzke sold 2,988 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $10.00, for a total transaction of $29,880.00. Following the transaction, the insider now directly owns 436,130 shares in the company, valued at approximately $4,361,300. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,291 shares of company stock valued at $553,101. Company insiders own 8.20% of the company’s stock.

A number of analysts recently weighed in on DAKT shares. BidaskClub upgraded Daktronics from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded Daktronics from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Thursday, August 24th. Finally, TheStreet upgraded Daktronics from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $11.83.

About Daktronics

Daktronics, Inc is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International.

Want to see what other hedge funds are holding DAKT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Daktronics, Inc. (NASDAQ:DAKT).

Institutional Ownership by Quarter for Daktronics (NASDAQ:DAKT)

Receive News & Ratings for Daktronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daktronics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply