Victory Capital Management Inc. Sells 51,660 Shares of Daktronics, Inc. (NASDAQ:DAKT)

Victory Capital Management Inc. lowered its position in Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 26.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 140,139 shares of the technology company's stock after selling 51,660 shares during the period. Victory Capital Management Inc. owned approximately 0.30% of Daktronics worth $2,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Progeny 3 Inc. lifted its stake in shares of Daktronics by 27.3% during the 3rd quarter. Progeny 3 Inc. now owns 2,284,608 shares of the technology company's stock worth $29,494,000 after acquiring an additional 489,700 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Daktronics by 76.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 451,873 shares of the technology company's stock worth $5,834,000 after purchasing an additional 195,830 shares during the period. Foundry Partners LLC purchased a new stake in shares of Daktronics during the third quarter valued at $4,101,000. Empowered Funds LLC grew its holdings in shares of Daktronics by 5.1% in the fourth quarter. Empowered Funds LLC now owns 237,609 shares of the technology company's stock worth $4,006,000 after purchasing an additional 11,539 shares during the last quarter. Finally, Anchor Capital Advisors LLC increased its stake in Daktronics by 60.2% in the 4th quarter. Anchor Capital Advisors LLC now owns 171,346 shares of the technology company's stock worth $2,889,000 after buying an additional 64,360 shares during the period. Hedge funds and other institutional investors own 61.69% of the company's stock.

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Daktronics Stock Down 0.9 %

NASDAQ:DAKT traded down $0.11 during mid-day trading on Thursday, reaching $12.68. The company's stock had a trading volume of 167,433 shares, compared to its average volume of 463,885. Daktronics, Inc. has a 1 year low of $8.81 and a 1 year high of $19.89. 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 firm has a market capitalization of $632.59 million, a PE ratio of 51.08, a price-to-earnings-growth ratio of 0.57 and a beta of 1.12. The stock has a fifty day moving average of $15.41 and a 200-day moving average of $14.90.

Analysts Set New Price Targets

Separately, Craig Hallum began coverage on shares of Daktronics in a research report on Wednesday, January 22nd. They issued a "buy" rating and a $26.00 price objective for the company.

Daktronics Company 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.