New York State Teachers Retirement System Maintains Stake in Daktronics, Inc. (NASDAQ:DAKT)
New York State Teachers Retirement System continued to hold its position in shares of Daktronics, Inc. (NASDAQ:DAKT) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,729 shares of the technology company’s stock at the end of the first quarter. New York State Teachers Retirement System owned 0.17% of Daktronics worth $725,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the stock. Renaissance Technologies LLC boosted its stake in shares of Daktronics by 63.9% in the first quarter. Renaissance Technologies LLC now owns 201,300 shares of the technology company’s stock worth $1,902,000 after buying an additional 78,500 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Daktronics during the first quarter worth about $295,000. Dimensional Fund Advisors LP boosted its stake in shares of Daktronics by 7.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,431,333 shares of the technology company’s stock worth $22,976,000 after buying an additional 176,024 shares during the period. Globeflex Capital L P boosted its stake in shares of Daktronics by 17,796.6% in the first quarter. Globeflex Capital L P now owns 21,118 shares of the technology company’s stock worth $200,000 after buying an additional 21,000 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Daktronics by 4.8% in the first quarter. Geode Capital Management LLC now owns 300,746 shares of the technology company’s stock worth $2,842,000 after buying an additional 13,783 shares in the last quarter. Institutional investors own 50.63% of the company’s stock.
Shares of Daktronics, Inc. (NASDAQ:DAKT) traded up 1.41% on Friday, hitting $9.37. 133,356 shares of the stock traded hands. Daktronics, Inc. has a 1-year low of $6.83 and a 1-year high of $11.12. The stock has a 50 day moving average of $9.60 and a 200-day moving average of $9.52. The stock has a market cap of $413.99 million, a PE ratio of 40.74 and a beta of 1.30.
Daktronics (NASDAQ:DAKT) last announced its quarterly earnings data on Wednesday, May 31st. The technology company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.04. The firm had revenue of $143.70 million for the quarter, compared to analysts’ expectations of $141.50 million. Daktronics had a net margin of 1.76% and a return on equity of 5.14%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.07) earnings per share. On average, equities research analysts expect that Daktronics, Inc. will post $0.36 EPS for the current year.
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A number of brokerages have commented on DAKT. BidaskClub raised shares of Daktronics from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research raised shares of Daktronics from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Daktronics has a consensus rating of “Buy” and a consensus target price of $12.17.
In other Daktronics news, Director John L. Mulligan sold 37,307 shares of Daktronics stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $13.20, for a total value of $492,452.40. Following the transaction, the director now directly owns 67,182 shares of the company’s stock, valued at approximately $886,802.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Mulligan sold 16,000 shares of Daktronics stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $9.83, for a total value of $157,280.00. Following the completion of the transaction, the director now directly owns 72,953 shares in the company, valued at $717,127.99. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,661 shares of company stock worth $791,626. 8.20% of the stock is currently owned by insiders.
Daktronics Company Profile
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.
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