Atria Investments Inc Takes $171,000 Position in Daktronics, Inc. (NASDAQ:DAKT)

Atria Investments Inc bought a new stake in Daktronics, Inc. (NASDAQ:DAKT) in the 3rd quarter, Holdings Channel.com reports. The firm bought 13,256 shares of the technology company’s stock, valued at approximately $171,000.

Several other institutional investors and hedge funds have also made changes to their positions in DAKT. Progeny 3 Inc. lifted its holdings in shares of Daktronics by 140.0% in the 2nd quarter. Progeny 3 Inc. now owns 1,794,908 shares of the technology company’s stock valued at $25,039,000 after purchasing an additional 1,047,156 shares during the last quarter. Duquesne Family Office LLC lifted its holdings in shares of Daktronics by 20.3% in the 2nd quarter. Duquesne Family Office LLC now owns 2,493,605 shares of the technology company’s stock valued at $34,786,000 after purchasing an additional 420,161 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Daktronics by 27.5% in the 2nd 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 during the last quarter. Privium Fund Management UK Ltd purchased a new stake in shares of Daktronics in the 2nd quarter valued at about $1,338,000. Finally, Inspire Investing LLC purchased a new stake in shares of Daktronics in the 2nd quarter valued at about $998,000. 61.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on DAKT shares. StockNews.com raised Daktronics from a “hold” rating to a “buy” rating in a research note on Monday, October 14th. Singular Research raised Daktronics to a “strong-buy” rating in a research note on Monday, September 9th.

Daktronics Stock Up 3.8 %

DAKT opened at $14.88 on Monday. The business has a 50 day moving average price of $13.47 and a two-hundred day moving average price of $13.18. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.48. The company has a market cap of $689.57 million, a PE ratio of 186.00, a P/E/G ratio of 0.53 and a beta of 1.14. Daktronics, Inc. has a 52 week low of $7.20 and a 52 week high of $15.97.

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

Insider Transactions at Daktronics

In related news, VP Matthew John Kurtenbach sold 15,400 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $13.28, for a total value of $204,512.00. Following the sale, the vice president now owns 2,500 shares in the company, valued at $33,200. This represents a 86.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Bradley T. Wiemann sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $12.89, for a total value of $322,250.00. Following the completion of the sale, the executive vice president now owns 85,446 shares in the company, valued at approximately $1,101,398.94. This represents a 22.64 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.

Daktronics Company Profile

Daktronics, Inc designs, manufactures, and sells electronic scoreboards, programmable display systems and large screen video displays 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.