UBS Group AG Has $2.98 Million Stake in Daktronics, Inc. $DAKT

UBS Group AG grew its holdings in shares of Daktronics, Inc. (NASDAQ:DAKT) by 41.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,669 shares of the technology company’s stock after acquiring an additional 43,949 shares during the quarter. UBS Group AG owned 0.31% of Daktronics worth $2,979,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. HB Wealth Management LLC increased its stake in shares of Daktronics by 20.4% in the fourth quarter. HB Wealth Management LLC now owns 43,769 shares of the technology company’s stock valued at $865,000 after buying an additional 7,421 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Daktronics in the fourth quarter valued at approximately $210,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Daktronics by 7.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,601 shares of the technology company’s stock valued at $210,000 after buying an additional 707 shares during the period. CWM LLC increased its stake in shares of Daktronics by 138.9% in the fourth quarter. CWM LLC now owns 6,094 shares of the technology company’s stock valued at $120,000 after buying an additional 3,543 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Daktronics by 23.0% in the fourth quarter. Farther Finance Advisors LLC now owns 6,700 shares of the technology company’s stock valued at $132,000 after buying an additional 1,255 shares during the period. Institutional investors and hedge funds own 61.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DAKT. Weiss Ratings downgraded Daktronics from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Zacks Research downgraded Daktronics from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. Finally, Wall Street Zen raised Daktronics from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

Daktronics Stock Performance

NASDAQ:DAKT opened at $20.29 on Tuesday. The company has a market capitalization of $980.01 million, a PE ratio of 36.89, a P/E/G ratio of 0.56 and a beta of 1.67. The company has a 50 day simple moving average of $19.83 and a two-hundred day simple moving average of $20.83. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.68 and a current ratio of 2.22. Daktronics, Inc. has a fifty-two week low of $13.05 and a fifty-two week high of $28.27.

Daktronics (NASDAQ:DAKT) last released its earnings results on Wednesday, March 4th. The technology company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The firm had revenue of $181.87 million for the quarter, compared to analyst estimates of $181.00 million. Daktronics had a net margin of 3.43% and a return on equity of 16.55%. Research analysts anticipate that Daktronics, Inc. will post 0.94 earnings per share for the current year.

Daktronics 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.