Watershed Asset Management L.L.C. Acquires 3,655 Shares of Daktronics, Inc. (NASDAQ:DAKT)

Watershed Asset Management L.L.C. boosted its holdings in Daktronics, Inc. (NASDAQ:DAKT) by 12.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,326 shares of the technology company’s stock after buying an additional 3,655 shares during the period. Watershed Asset Management L.L.C. owned approximately 0.07% of Daktronics worth $274,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in Daktronics in the 3rd quarter valued at $40,000. SG Americas Securities LLC acquired a new stake in Daktronics in the 3rd quarter valued at $146,000. WINTON GROUP Ltd acquired a new stake in Daktronics in the 3rd quarter valued at $204,000. Public Employees Retirement System of Ohio boosted its stake in Daktronics by 11.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 23,600 shares of the technology company’s stock valued at $211,000 after buying an additional 2,400 shares in the last quarter. Finally, TIAA Trust National Association acquired a new stake in Daktronics in the 3rd quarter valued at $214,000. 61.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. TheStreet lowered Daktronics from a “b-” rating to a “c+” rating in a research note on Friday, January 5th. StockNews.com lowered Daktronics from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th.

Daktronics Trading Up 2.0 %

Shares of DAKT stock traded up $0.18 on Tuesday, reaching $9.29. 151,958 shares of the stock were exchanged, compared to its average volume of 539,574. The stock has a market cap of $429.11 million, a PE ratio of 9.02, a P/E/G ratio of 0.27 and a beta of 1.08. Daktronics, Inc. has a one year low of $4.66 and a one year high of $12.42. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.38. The stock has a 50 day moving average price of $9.09 and a 200 day moving average price of $9.04.

Daktronics (NASDAQ:DAKT) last released its quarterly earnings data on Wednesday, February 28th. The technology company reported ($0.03) EPS for the quarter. The company had revenue of $170.30 million during the quarter. Daktronics had a net margin of 6.59% and a return on equity of 30.57%. Equities research analysts forecast that Daktronics, Inc. will post 1.12 EPS for the current fiscal year.

Daktronics Profile

Daktronics, Inc designs, manufactures, and markets electronic display systems and related products 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.