97,502 Shares in Daktronics, Inc. $DAKT Bought by Globeflex Capital L P

Globeflex Capital L P bought a new stake in Daktronics, Inc. (NASDAQ:DAKT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 97,502 shares of the technology company’s stock, valued at approximately $1,907,000.

Several other large investors have also recently bought and sold shares of the business. Virtus Advisers LLC purchased a new stake in Daktronics during the 2nd quarter worth about $438,000. BlackRock Inc. purchased a new position in shares of Daktronics in the 2nd quarter valued at about $68,158,000. Deutsche Bank AG acquired a new stake in shares of Daktronics during the 2nd quarter worth about $863,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Daktronics during the 2nd quarter worth about $1,504,000. Finally, Bank of New York Mellon Corp purchased a new stake in Daktronics during the second quarter worth approximately $17,992,000. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Insider Transactions at Daktronics

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DAKT shares. Wall Street Zen downgraded Daktronics from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Roth Capital raised their price objective on shares of Daktronics from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. 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 report on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $29.00.

Daktronics Stock Down 1.0%

Shares of NASDAQ DAKT opened at $19.00 on Tuesday. The business has a 50-day moving average price of $20.07 and a 200 day moving average price of $20.96. The stock has a market cap of $917.32 million, a PE ratio of 20.88, a price-to-earnings-growth ratio of 0.63 and a beta of 1.68. The company has a quick ratio of 1.74, a current ratio of 2.31 and a debt-to-equity ratio of 0.18. Daktronics, Inc. has a 52-week low of $16.78 and a 52-week high of $28.27.

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

Daktronics Company Profile

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.