Daktronics, Inc. (NASDAQ:DAKT) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its position in Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 4.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 429,713 shares of the technology company's stock after selling 22,160 shares during the period. Charles Schwab Investment Management Inc. owned 0.91% of Daktronics worth $7,245,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Money Concepts Capital Corp grew its position in Daktronics by 0.4% during the 4th quarter. Money Concepts Capital Corp now owns 150,724 shares of the technology company's stock worth $2,541,000 after purchasing an additional 607 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Daktronics by 0.9% during the third quarter. Franklin Resources Inc. now owns 70,992 shares of the technology company's stock worth $959,000 after buying an additional 654 shares during the last quarter. Quarry LP grew its holdings in shares of Daktronics by 75.6% during the third quarter. Quarry LP now owns 2,297 shares of the technology company's stock worth $30,000 after buying an additional 989 shares during the last quarter. Principal Financial Group Inc. increased its position in Daktronics by 8.5% in the 4th quarter. Principal Financial Group Inc. now owns 22,413 shares of the technology company's stock valued at $378,000 after acquiring an additional 1,765 shares during the period. Finally, Rhumbline Advisers raised its stake in Daktronics by 3.3% during the 4th quarter. Rhumbline Advisers now owns 58,951 shares of the technology company's stock valued at $994,000 after acquiring an additional 1,889 shares during the last quarter. 61.69% of the stock is owned by institutional investors and hedge funds.

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Daktronics Stock Performance

Shares of Daktronics stock traded up $0.21 on Thursday, reaching $12.83. 503,600 shares of the stock were exchanged, compared to its average volume of 466,001. Daktronics, Inc. has a 1-year low of $8.81 and a 1-year high of $19.89. The business has a fifty day moving average price of $15.05 and a two-hundred day moving average price of $14.90. The firm has a market capitalization of $640.13 million, a PE ratio of 51.32, a PEG ratio of 0.57 and a beta of 1.12. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40.

Wall Street Analyst Weigh In

Separately, Craig Hallum began coverage on Daktronics in a report on Wednesday, January 22nd. They issued a "buy" rating and a $26.00 target price on the stock.

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.