Daktronics, Inc. (NASDAQ:DAKT) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its stake in shares of Daktronics, Inc. (NASDAQ:DAKT) by 24.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,017 shares of the technology company’s stock after selling 1,650 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Daktronics were worth $70,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DAKT. Dimensional Fund Advisors LP boosted its holdings in Daktronics by 14.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,451,404 shares of the technology company’s stock valued at $20,788,000 after purchasing an additional 305,597 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Daktronics by 1.8% in the first quarter. Vanguard Group Inc. now owns 2,338,484 shares of the technology company’s stock valued at $23,291,000 after purchasing an additional 41,076 shares in the last quarter. Breach Inlet Capital Management LLC acquired a new position in Daktronics in the fourth quarter valued at approximately $11,508,000. First Bank & Trust boosted its holdings in Daktronics by 29.5% in the first quarter. First Bank & Trust now owns 997,216 shares of the technology company’s stock valued at $9,932,000 after purchasing an additional 227,108 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Daktronics by 27.5% in the second quarter. American Century Companies Inc. now owns 869,837 shares of the technology company’s stock valued at $12,134,000 after purchasing an additional 187,486 shares in the last quarter. 61.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Daktronics

In other news, EVP Bradley T. Wiemann sold 1,839 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $14.66, for a total transaction of $26,959.74. Following the completion of the sale, the executive vice president now owns 108,743 shares in the company, valued at $1,594,172.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Bradley T. Wiemann sold 1,839 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $14.66, for a total transaction of $26,959.74. Following the completion of the sale, the executive vice president now owns 108,743 shares in the company, valued at $1,594,172.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Matthew John Kurtenbach sold 8,874 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $13.90, for a total value of $123,348.60. Following the sale, the vice president now owns 208,906 shares of the company’s stock, valued at approximately $2,903,793.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,954 shares of company stock worth $472,570. 8.30% of the stock is owned by insiders.

Daktronics Price Performance

Shares of NASDAQ DAKT opened at $12.95 on Monday. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.48. Daktronics, Inc. has a twelve month low of $7.20 and a twelve month high of $15.97. The stock has a 50 day moving average of $13.82 and a two-hundred day moving average of $12.03. The stock has a market cap of $599.53 million, a P/E ratio of 21.23, a P/E/G ratio of 0.44 and a beta of 1.14.

Daktronics (NASDAQ:DAKT) last issued its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. Daktronics had a return on equity of 19.92% and a net margin of 1.29%. The company had revenue of $226.09 million during the quarter, compared to analysts’ expectations of $216.84 million. On average, research analysts forecast that Daktronics, Inc. will post 0.89 earnings per share for the current year.

Analyst Ratings Changes

DAKT has been the subject of a number of research analyst reports. Singular Research raised Daktronics to a “strong-buy” rating in a report on Monday, September 9th. StockNews.com downgraded Daktronics from a “buy” rating to a “hold” rating in a report on Friday, September 13th.

About Daktronics

Daktronics, Inc designs, manufactures, and markets electronic display systems and related products for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments.