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

UBS Group AG lifted its stake in shares of Daktronics, Inc. (NASDAQ:DAKT) by 41.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 150,669 shares of the technology company’s stock after buying an additional 43,949 shares during the period. UBS Group AG’s holdings in Daktronics were worth $2,979,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Daktronics during the 3rd quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 purchasing an additional 2,045 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Daktronics by 66.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,897 shares of the technology company’s stock worth $59,000 after purchasing an additional 1,561 shares in the last quarter. CWM LLC lifted its holdings in shares of Daktronics by 138.9% in the 4th quarter. CWM LLC now owns 6,094 shares of the technology company’s stock worth $120,000 after purchasing an additional 3,543 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Daktronics by 23.0% in the 4th quarter. Farther Finance Advisors LLC now owns 6,700 shares of the technology company’s stock worth $132,000 after purchasing an additional 1,255 shares in the last quarter. Institutional investors and hedge funds own 61.69% of the company’s stock.

Daktronics Price Performance

Shares of NASDAQ:DAKT opened at $20.29 on Tuesday. The company has a current ratio of 2.22, a quick ratio of 1.68 and a debt-to-equity ratio of 0.19. The stock’s fifty day simple moving average is $19.83 and its two-hundred day simple moving average is $20.83. Daktronics, Inc. has a 1-year low of $13.05 and a 1-year high of $28.27. The stock has a market cap of $980.01 million, a PE ratio of 36.89, a price-to-earnings-growth ratio of 0.56 and a beta of 1.67.

Daktronics (NASDAQ:DAKT) last issued its quarterly earnings data on Wednesday, March 4th. The technology company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.09). Daktronics had a net margin of 3.43% and a return on equity of 16.55%. The company had revenue of $181.87 million for the quarter, compared to the consensus estimate of $181.00 million. As a group, analysts forecast that Daktronics, Inc. will post 0.94 EPS for the current fiscal year.

Analyst Ratings Changes

DAKT has been the topic of a number of recent research reports. Zacks Research cut Daktronics from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. Weiss Ratings cut Daktronics from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Finally, Wall Street Zen upgraded Daktronics from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

About Daktronics

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.