317,632 Shares in Daktronics, Inc. (NASDAQ:DAKT) Bought by Foundry Partners LLC

Foundry Partners LLC bought a new position in Daktronics, Inc. (NASDAQ:DAKT - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 317,632 shares of the technology company's stock, valued at approximately $4,101,000. Foundry Partners LLC owned about 0.69% of Daktronics as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. CWM LLC raised its stake in Daktronics by 31.4% during the 2nd quarter. CWM LLC now owns 3,646 shares of the technology company's stock valued at $51,000 after acquiring an additional 872 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Daktronics by 92.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,309 shares of the technology company's stock worth $32,000 after purchasing an additional 1,108 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of Daktronics by 150.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 4,000 shares of the technology company's stock valued at $56,000 after buying an additional 2,400 shares during the period. Anchor Capital Advisors LLC raised its stake in shares of Daktronics by 1.9% during the 2nd quarter. Anchor Capital Advisors LLC now owns 148,387 shares of the technology company's stock worth $2,070,000 after purchasing an additional 2,778 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Daktronics by 10.9% in the second quarter. Rhumbline Advisers now owns 57,749 shares of the technology company's stock worth $806,000 after acquiring an additional 5,689 shares in the last quarter. 61.69% of the stock is currently owned by institutional investors.

Insider Transactions at Daktronics

In other news, VP Matthew John Kurtenbach sold 15,400 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $13.28, for a total transaction of $204,512.00. Following the completion of the transaction, the vice president now directly 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 filing with the SEC, which is available at the SEC website. Also, EVP Bradley T. Wiemann sold 25,000 shares of the business's stock in a transaction on Friday, September 27th. The stock was sold at an average price of $12.89, for a total transaction of $322,250.00. Following the transaction, the executive vice president now owns 85,446 shares in the company, valued at approximately $1,101,398.94. The trade was a 22.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in 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 report on Monday, September 9th.

Daktronics Trading Up 3.8 %

NASDAQ:DAKT traded up $0.54 during trading hours on Friday, hitting $14.88. 312,048 shares of the stock were exchanged, compared to its average volume of 497,477. The company's 50 day moving average is $13.47 and its two-hundred day moving average is $13.14. The company has a market capitalization of $689.54 million, a P/E ratio of 186.00, a price-to-earnings-growth ratio of 0.57 and a beta of 1.14. Daktronics, Inc. has a twelve month low of $7.20 and a twelve month high of $15.97. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.48.

Daktronics (NASDAQ:DAKT - Get Free Report) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.06. The business 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%. On average, sell-side analysts anticipate that Daktronics, Inc. will post 0.89 earnings per share for the current fiscal year.

About Daktronics

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.