Wealth Enhancement Advisory Services LLC Sells 544,974 Shares of Daktronics, Inc. (NASDAQ:DAKT)

Wealth Enhancement Advisory Services LLC decreased its stake in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 88.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,749 shares of the technology company's stock after selling 544,974 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.15% of Daktronics worth $913,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. GSA Capital Partners LLP bought a new position in Daktronics in the first quarter worth about $586,000. Vanguard Group Inc. raised its holdings in shares of Daktronics by 1.8% during the first quarter. Vanguard Group Inc. now owns 2,338,484 shares of the technology company's stock valued at $23,291,000 after buying an additional 41,076 shares during the last quarter. Progeny 3 Inc. raised its holdings in shares of Daktronics by 140.0% during the second quarter. Progeny 3 Inc. now owns 1,794,908 shares of the technology company's stock valued at $25,039,000 after buying an additional 1,047,156 shares during the last quarter. Privium Fund Management UK Ltd bought a new stake in shares of Daktronics during the second quarter valued at approximately $1,338,000. Finally, LSV Asset Management increased its stake in shares of Daktronics by 9.1% during the first quarter. LSV Asset Management now owns 163,674 shares of the technology company's stock valued at $1,630,000 after acquiring an additional 13,674 shares during the period. Institutional investors own 61.69% of the company's stock.

Insiders Place Their Bets

In other Daktronics news, VP Matthew John Kurtenbach sold 15,400 shares of Daktronics stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $13.28, for a total value of $204,512.00. Following the transaction, the vice president now owns 2,500 shares in the company, valued at approximately $33,200. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Bradley T. Wiemann sold 25,000 shares of Daktronics stock in a transaction on Friday, September 27th. The shares were sold at an average price of $12.89, for a total value of $322,250.00. Following the transaction, the executive vice president now owns 85,446 shares in the company, valued at $1,101,398.94. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Matthew John Kurtenbach sold 15,400 shares of Daktronics stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $13.28, for a total transaction of $204,512.00. Following the completion of the transaction, the vice president now owns 2,500 shares in the company, valued at $33,200. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by company insiders.

Daktronics Price Performance

Daktronics stock traded up $1.02 during mid-day trading on Wednesday, hitting $14.57. The company's stock had a trading volume of 627,953 shares, compared to its average volume of 501,118. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $675.17 million, a P/E ratio of 181.75, a P/E/G ratio of 0.48 and a beta of 1.14. Daktronics, Inc. has a twelve month low of $7.20 and a twelve month high of $15.97. The stock's fifty day moving average price is $13.01 and its two-hundred day moving average price is $12.72.

Daktronics (NASDAQ:DAKT - Get Free Report) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.06. The firm had revenue of $226.09 million for the quarter, compared to analyst estimates of $216.84 million. Daktronics had a net margin of 1.29% and a return on equity of 19.92%. Research analysts forecast that Daktronics, Inc. will post 0.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

DAKT has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Daktronics from a "hold" rating to a "buy" rating in a research note on Monday, October 14th. Singular Research upgraded shares of Daktronics to a "strong-buy" rating in a research note on Monday, September 9th.

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.