Sei Investments Co. Acquires 30,431 Shares of Daktronics, Inc. $DAKT

Sei Investments Co. raised its holdings in shares of Daktronics, Inc. (NASDAQ:DAKTFree Report) by 89.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,634 shares of the technology company’s stock after purchasing an additional 30,431 shares during the period. Sei Investments Co. owned approximately 0.13% of Daktronics worth $1,264,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP bought a new position in shares of Daktronics during the third quarter valued at $25,000. Cornerstone Planning Group LLC bought a new stake in Daktronics in the 1st quarter worth about $26,000. Caitong International Asset Management Co. Ltd increased its holdings in Daktronics by 22,566.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,360 shares of the technology company’s stock worth $27,000 after buying an additional 1,354 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Daktronics by 204.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,046 shares of the technology company’s stock worth $46,000 after buying an additional 2,045 shares during the last quarter. Finally, Clearstead Advisors LLC purchased a new position in Daktronics in the 4th quarter worth about $57,000. Institutional investors own 61.69% of the company’s stock.

Daktronics Stock Down 0.4%

DAKT stock opened at $21.20 on Wednesday. Daktronics, Inc. has a fifty-two week low of $15.59 and a fifty-two week high of $28.27. The business’s 50-day moving average is $20.07 and its two-hundred day moving average is $21.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.74 and a current ratio of 2.31. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 0.70 and a beta of 1.68.

Daktronics (NASDAQ:DAKTGet Free Report) last released its quarterly earnings results on Wednesday, June 24th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.07. Daktronics had a return on equity of 17.62% and a net margin of 5.41%.The business had revenue of $208.61 million during the quarter, compared to the consensus estimate of $205.27 million. During the same period in the previous year, the company posted ($0.19) EPS. As a group, analysts forecast that Daktronics, Inc. will post 1.21 earnings per share for the current year.

Analyst Ratings Changes

DAKT has been the topic of a number of recent analyst reports. Roth Capital raised their price target on shares of Daktronics from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Wall Street Zen cut shares of Daktronics from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Weiss Ratings upgraded shares of Daktronics from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 25th. Finally, Zacks Research upgraded shares of Daktronics from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Daktronics has an average rating of “Hold” and a consensus target price of $29.00.

Get Our Latest Stock Report on Daktronics

Insider Buying and Selling

In related news, insider Sheila Mae Anderson sold 3,636 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $20.01, for a total value of $72,756.36. Following the transaction, the insider owned 48,371 shares of the company’s stock, valued at approximately $967,903.71. This trade represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Bradley T. Wiemann sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The shares were sold at an average price of $19.22, for a total transaction of $76,880.00. Following the sale, the executive vice president directly owned 125,946 shares of the company’s stock, valued at approximately $2,420,682.12. This represents a 3.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.60% of the company’s stock.

Daktronics Company Profile

(Free Report)

Daktronics, Inc (NASDAQ: DAKT) is a leading designer and manufacturer of electronic display systems, video boards, scoreboards and related control systems. Founded in 1968 in Brookings, South Dakota by Al Kurtenbach and Duane Sander, the company has built a reputation for delivering custom visual display solutions to a wide range of markets. Its product portfolio includes large-format LED video displays, programmable message centers, digital billboards, and audio-visual solutions tailored to sports venues, transportation authorities, retail environments and live event producers.

The company’s primary business activities encompass the engineering, fabrication and installation of display systems for customers around the world.

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Institutional Ownership by Quarter for Daktronics (NASDAQ:DAKT)

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