Dynamic Technology Lab Private Ltd Takes Position in Daktronics, Inc. (NASDAQ:DAKT)

Dynamic Technology Lab Private Ltd acquired a new stake in Daktronics, Inc. (NASDAQ:DAKT - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,685 shares of the technology company's stock, valued at approximately $564,000. Dynamic Technology Lab Private Ltd owned 0.09% of Daktronics as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of DAKT. Foundry Partners LLC acquired a new stake in Daktronics during the third quarter worth about $4,101,000. Vanguard Group Inc. grew its holdings in Daktronics by 1.8% during the first quarter. Vanguard Group Inc. now owns 2,338,484 shares of the technology company's stock worth $23,291,000 after acquiring an additional 41,076 shares during the period. Progeny 3 Inc. grew its holdings in Daktronics by 140.0% during the second quarter. Progeny 3 Inc. now owns 1,794,908 shares of the technology company's stock worth $25,039,000 after acquiring an additional 1,047,156 shares during the period. Privium Fund Management UK Ltd acquired a new stake in Daktronics during the second quarter worth about $1,338,000. Finally, Atria Investments Inc acquired a new stake in Daktronics during the third quarter worth about $171,000. 61.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DAKT. StockNews.com raised Daktronics from a "hold" rating to a "buy" rating in a report on Monday, October 14th. Singular Research upgraded Daktronics to a "strong-buy" rating in a research report on Monday, September 9th.

Daktronics Price Performance

DAKT stock remained flat at $15.40 during mid-day trading on Friday. The company's stock had a trading volume of 259,075 shares, compared to its average volume of 493,915. The firm has a market capitalization of $713.64 million, a P/E ratio of 192.50, a price-to-earnings-growth ratio of 0.57 and a beta of 1.14. The firm has a 50-day moving average of $13.75 and a 200 day moving average of $13.29. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.48. Daktronics, Inc. has a 52 week low of $7.20 and a 52 week high of $15.97.

Daktronics (NASDAQ:DAKT - Get Free Report) last released its earnings results on Wednesday, September 4th. The technology company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.06. The business had revenue of $226.09 million for 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, research analysts forecast that Daktronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Transactions at Daktronics

In other news, VP Matthew John Kurtenbach sold 15,400 shares of Daktronics 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 directly owns 2,500 shares of the company's stock, valued at $33,200. The trade was a 86.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Bradley T. Wiemann sold 25,000 shares of Daktronics 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 directly owns 85,446 shares in the company, valued at $1,101,398.94. This represents a 22.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company's 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.