New York State Common Retirement Fund Sells 1 Shares of Daktronics, Inc. (DAKT)
New York State Common Retirement Fund lessened its holdings in Daktronics, Inc. (NASDAQ:DAKT) by 0.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,200 shares of the technology company’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned approximately 0.08% of Daktronics worth $339,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of DAKT. UBS Asset Management Americas Inc. bought a new position in shares of Daktronics in the 1st quarter valued at about $114,000. BNP Paribas Arbitrage SA boosted its stake 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 valued at $129,000 after purchasing an additional 4,130 shares during the last quarter. Aperio Group LLC boosted its stake 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 valued at $143,000 after purchasing an additional 512 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Daktronics in the 2nd quarter valued at about $193,000. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Daktronics by 5.9% in the 1st quarter. Thrivent Financial For Lutherans now owns 22,860 shares of the technology company’s stock valued at $216,000 after purchasing an additional 1,280 shares during the last quarter. 51.25% of the stock is currently owned by institutional investors.
Shares of Daktronics, Inc. (DAKT) opened at $9.94 on Friday. The firm has a market cap of $440.22, a P/E ratio of 34.28 and a beta of 1.23. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.94 and a quick ratio of 1.43. Daktronics, Inc. has a 52-week low of $7.84 and a 52-week high of $11.12.
Daktronics (NASDAQ:DAKT) last announced its quarterly earnings results on Tuesday, August 22nd. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $172.70 million for the quarter, compared to the consensus estimate of $165.00 million. Daktronics had a net margin of 2.20% and a return on equity of 6.53%. Daktronics’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. research analysts predict that Daktronics, Inc. will post 0.37 earnings per share for the current fiscal year.
In related news, insider Carla S. Gatzke sold 2,988 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $10.00, for a total value of $29,880.00. Following the sale, the insider now directly owns 436,130 shares in the company, valued at approximately $4,361,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Mulligan sold 37,307 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $13.20, for a total transaction of $492,452.40. Following the completion of the sale, the director now owns 67,182 shares in the company, valued at $886,802.40. The disclosure for this sale can be found here. Insiders sold a total of 43,291 shares of company stock worth $553,101 over the last quarter. 8.20% of the stock is currently owned by corporate insiders.
Several research analysts have recently issued reports on DAKT shares. BidaskClub raised shares of Daktronics from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Daktronics from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Thursday, August 24th. Finally, TheStreet raised shares of Daktronics from a “c+” rating to a “b-” rating in a research note on Wednesday, September 27th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $11.83.
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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