Daktronics, Inc. (DAKT) Shares Bought by Ameriprise Financial Inc.
Ameriprise Financial Inc. increased its stake in Daktronics, Inc. (NASDAQ:DAKT) by 30.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 275,096 shares of the technology company’s stock after buying an additional 64,186 shares during the quarter. Ameriprise Financial Inc. owned 0.62% of Daktronics worth $2,649,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Highbridge Capital Management LLC purchased a new position in shares of Daktronics in the 1st quarter worth about $108,000. UBS Asset Management Americas Inc. purchased a new position in shares of Daktronics in the 1st quarter worth about $114,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Daktronics by 44.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,417 shares of the technology company’s stock worth $129,000 after buying an additional 4,130 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of Daktronics in the 1st quarter worth about $135,000. Finally, Aperio Group LLC boosted its holdings in shares of Daktronics by 3.6% in the 2nd quarter. Aperio Group LLC now owns 14,850 shares of the technology company’s stock worth $143,000 after buying an additional 512 shares during the last quarter. 51.77% of the stock is currently owned by institutional investors.
In other Daktronics news, Director John L. Mulligan sold 37,307 shares of the firm’s stock in a transaction dated 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 $886,802.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Carla S. Gatzke sold 2,988 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $10.00, for a total value of $29,880.00. Following the completion of the transaction, the insider now directly owns 436,130 shares in the company, valued at $4,361,300. The disclosure for this sale can be found here. Insiders sold a total of 43,291 shares of company stock valued at $553,101 over the last quarter. 8.20% of the stock is owned by corporate insiders.
Daktronics, Inc. (DAKT) opened at 10.21 on Tuesday. The company has a 50 day moving average of $10.37 and a 200-day moving average of $9.75. Daktronics, Inc. has a one year low of $7.84 and a one year high of $11.12. The stock has a market capitalization of $452.17 million, a P/E ratio of 35.09 and a beta of 1.28.
Daktronics (NASDAQ:DAKT) last released its quarterly earnings data on Tuesday, August 22nd. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. Daktronics had a return on equity of 6.53% and a net margin of 2.20%. The company had revenue of $172.70 million during the quarter, compared to the consensus estimate of $165.00 million. During the same period last year, the company earned $0.13 EPS. Daktronics’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts predict that Daktronics, Inc. will post $0.40 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on DAKT. Zacks Investment Research downgraded shares of Daktronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 24th. BidaskClub raised shares of Daktronics from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, TheStreet raised shares of Daktronics from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $11.83.
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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