Dimensional Fund Advisors LP Cuts Stake in Daktronics, Inc. (NASDAQ:DAKT)

Dimensional Fund Advisors LP trimmed its position in shares of Daktronics, Inc. (NASDAQ:DAKT) by 3.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,599,036 shares of the technology company’s stock after selling 88,579 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Daktronics worth $36,254,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of DAKT. Vanguard Group Inc. boosted its stake in Daktronics by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 2,338,484 shares of the technology company’s stock worth $23,291,000 after purchasing an additional 41,076 shares during the period. Breach Inlet Capital Management LLC purchased a new stake in Daktronics in the 4th quarter worth approximately $11,508,000. First Bank & Trust grew its position in shares of Daktronics by 29.5% during the 1st 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. American Century Companies Inc. increased its holdings in shares of Daktronics by 27.5% in the second quarter. American Century Companies Inc. now owns 869,837 shares of the technology company’s stock worth $12,134,000 after purchasing an additional 187,486 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Daktronics in the first quarter worth $7,482,000. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Daktronics Stock Up 2.7 %

Shares of NASDAQ:DAKT opened at $13.26 on Wednesday. The firm has a market capitalization of $613.88 million, a PE ratio of 21.74, a price-to-earnings-growth ratio of 0.44 and a beta of 1.14. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.48 and a current ratio of 2.17. Daktronics, Inc. has a 52-week low of $7.20 and a 52-week high of $15.97. The firm has a fifty day moving average of $13.75 and a 200 day moving average of $12.09.

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

Analysts Set New Price Targets

Several equities analysts recently commented on DAKT shares. Singular Research upgraded Daktronics to a “strong-buy” rating in a research report on Monday, September 9th. StockNews.com cut shares of Daktronics from a “buy” rating to a “hold” rating in a research report on Friday, September 13th.

Insider Buying and Selling at Daktronics

In other news, VP Matthew John Kurtenbach sold 8,874 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $13.90, for a total value of $123,348.60. Following the completion of the sale, the vice president now owns 208,906 shares of the company’s stock, valued at approximately $2,903,793.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, VP Matthew John Kurtenbach sold 8,874 shares of Daktronics 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 directly owns 208,906 shares in the company, valued at approximately $2,903,793.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Bradley T. Wiemann sold 7,500 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $13.60, for a total value of $102,000.00. Following the completion of the sale, the executive vice president now directly owns 132,582 shares of the company’s stock, valued at approximately $1,803,115.20. The disclosure for this sale can be found here. Insiders sold a total of 57,954 shares of company stock worth $794,820 over the last three months. Company insiders own 8.30% of the company’s stock.

Daktronics Profile

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.