UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases Shares of 33,104 Daktronics, Inc. (NASDAQ:DAKT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 33,104 shares of the technology company's stock, valued at approximately $427,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.07% of Daktronics at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Daktronics by 5,451.9% during the 3rd quarter. FMR LLC now owns 48,690 shares of the technology company's stock valued at $629,000 after purchasing an additional 47,813 shares during the period. Foundry Partners LLC bought a new stake in Daktronics in the 3rd quarter valued at $4,101,000. Progeny 3 Inc. grew its holdings in shares of Daktronics by 140.0% during the 2nd quarter. Progeny 3 Inc. now owns 1,794,908 shares of the technology company's stock worth $25,039,000 after purchasing an additional 1,047,156 shares in the last quarter. PEAK6 Investments LLC increased its holdings in Daktronics by 269.9% in the 3rd quarter. PEAK6 Investments LLC now owns 42,073 shares of the technology company's stock valued at $543,000 after buying an additional 30,699 shares during the period. Finally, Victory Capital Management Inc. raised its position in Daktronics by 31.6% in the third quarter. Victory Capital Management Inc. now owns 191,799 shares of the technology company's stock worth $2,476,000 after purchasing an additional 46,104 shares in the last quarter. 61.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Daktronics

In other news, Director John Patrick Friel sold 2,244 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $18.17, for a total value of $40,773.48. Following the transaction, the director now owns 87,573 shares of the company's stock, valued at $1,591,201.41. This represents a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Bradley T. Wiemann sold 25,000 shares of Daktronics stock in a transaction 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 sale, the executive vice president now directly owns 85,446 shares of the company's stock, valued at approximately $1,101,398.94. This trade represents a 22.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,692 shares of company stock worth $718,435 over the last 90 days. 8.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. StockNews.com upgraded Daktronics from a "hold" rating to a "buy" rating in a research report on Monday, October 14th. Singular Research upgraded Daktronics to a "strong-buy" rating in a research note on Monday, September 9th.

Daktronics Trading Down 1.4 %

NASDAQ:DAKT traded down $0.24 during trading hours on Friday, hitting $16.70. 903,252 shares of the stock were exchanged, compared to its average volume of 511,994. The company has a market capitalization of $784.67 million, a P/E ratio of 66.80, a price-to-earnings-growth ratio of 0.72 and a beta of 1.19. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 0.40. The company's 50 day moving average is $15.21 and its two-hundred day moving average is $13.96. Daktronics, Inc. has a twelve month low of $7.20 and a twelve month high of $19.89.

Daktronics 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.