American Century Companies Inc. Boosts Stock Position in Daktronics, Inc. (NASDAQ:DAKT)

American Century Companies Inc. raised its holdings in Daktronics, Inc. (NASDAQ:DAKT) by 27.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 869,837 shares of the technology company’s stock after acquiring an additional 187,486 shares during the quarter. American Century Companies Inc. owned approximately 1.88% of Daktronics worth $12,134,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DAKT. Dimensional Fund Advisors LP grew its holdings in shares of Daktronics by 14.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,451,404 shares of the technology company’s stock worth $20,788,000 after purchasing an additional 305,597 shares during the last quarter. Vanguard Group Inc. grew 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 acquiring an additional 41,076 shares in the last quarter. Breach Inlet Capital Management LLC purchased a new position in shares of Daktronics during the fourth quarter worth approximately $11,508,000. First Bank & Trust boosted its holdings in shares of 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 during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Daktronics in the first quarter worth approximately $7,482,000. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com lowered Daktronics from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Singular Research upgraded Daktronics to a “strong-buy” rating in a report on Monday, September 9th.

Insider Buying and Selling at Daktronics

In other Daktronics news, VP Matthew John Kurtenbach sold 3,000 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.03, for a total transaction of $45,090.00. Following the completion of the sale, the vice president now directly owns 208,906 shares of the company’s stock, valued at $3,139,857.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Matthew John Kurtenbach sold 3,000 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.03, for a total transaction of $45,090.00. Following the completion of the sale, the vice president now owns 208,906 shares in the company, valued at approximately $3,139,857.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Reece A. Kurtenbach sold 15,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $13.87, for a total value of $208,050.00. Following the completion of the sale, the chief executive officer now owns 457,963 shares of the company’s stock, valued at $6,351,946.81. The disclosure for this sale can be found here. Insiders have sold 48,811 shares of company stock worth $692,532 over the last quarter. Insiders own 8.30% of the company’s stock.

Daktronics Price Performance

NASDAQ DAKT opened at $12.13 on Friday. The company has a market cap of $561.57 million, a PE ratio of 19.89, a P/E/G ratio of 0.45 and a beta of 1.14. The firm’s 50 day moving average price is $14.02 and its 200-day moving average price is $11.89. 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.

Daktronics (NASDAQ:DAKT) last announced its earnings results on Wednesday, June 26th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.13. The business had revenue of $215.88 million for the quarter, compared to analysts’ expectations of $179.28 million. Daktronics had a return on equity of 19.92% and a net margin of 1.29%. Sell-side analysts forecast that Daktronics, Inc. will post 0.89 EPS for the current fiscal year.

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.