Barclays PLC Increases Stake in Daktronics, Inc. (NASDAQ:DAKT)

Barclays PLC raised its holdings in Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 348.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,388 shares of the technology company's stock after buying an additional 45,360 shares during the period. Barclays PLC owned about 0.12% of Daktronics worth $754,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in DAKT. Quarry LP raised its holdings in shares of Daktronics by 75.6% in the 3rd quarter. Quarry LP now owns 2,297 shares of the technology company's stock worth $30,000 after acquiring an additional 989 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Daktronics by 92.3% during the 2nd 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. Rhumbline Advisers raised its stake in shares of 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 purchasing an additional 5,689 shares during the last quarter. Virtus Fund Advisers LLC bought a new position in shares of Daktronics in the third quarter valued at approximately $75,000. Finally, Victory Capital Management Inc. boosted its position in shares of Daktronics by 4.2% during the second quarter. Victory Capital Management Inc. now owns 145,695 shares of the technology company's stock valued at $2,032,000 after buying an additional 5,838 shares during the last quarter. 61.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Daktronics

In related news, Director John Patrick Friel sold 2,244 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $18.17, for a total transaction of $40,773.48. Following the completion of the sale, the director now owns 87,573 shares in the company, valued at approximately $1,591,201.41. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Reece A. Kurtenbach sold 8,048 shares of Daktronics stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $18.75, for a total transaction of $150,900.00. Following the completion of the sale, the chief executive officer now directly owns 469,727 shares in the company, valued at approximately $8,807,381.25. This represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com raised Daktronics from a "hold" rating to a "buy" rating in a research report on Monday, October 14th.

Daktronics Stock Down 0.7 %

Daktronics stock traded down $0.12 during midday trading on Thursday, hitting $16.50. 233,616 shares of the stock were exchanged, compared to its average volume of 373,532. Daktronics, Inc. has a 52-week low of $7.20 and a 52-week high of $19.89. The stock has a market capitalization of $775.34 million, a price-to-earnings ratio of 66.00, a price-to-earnings-growth ratio of 0.56 and a beta of 1.17. The business's 50-day moving average price is $16.42 and its 200-day moving average price is $14.63. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 0.40.

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.