First PREMIER Bank lessened its holdings in shares of Daktronics, Inc. (NASDAQ:DAKT – Free Report) by 22.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,300 shares of the technology company’s stock after selling 10,000 shares during the period. First PREMIER Bank’s holdings in Daktronics were worth $595,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in DAKT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Daktronics in the 3rd quarter worth approximately $427,000. FMR LLC boosted its stake in Daktronics by 5,451.9% during the 3rd quarter. FMR LLC now owns 48,690 shares of the technology company’s stock valued at $629,000 after purchasing an additional 47,813 shares in the last quarter. Barclays PLC increased its position in shares of Daktronics by 348.2% during the 3rd quarter. Barclays PLC now owns 58,388 shares of the technology company’s stock valued at $754,000 after purchasing an additional 45,360 shares during the period. Foundry Partners LLC bought a new stake in shares of Daktronics in the 3rd quarter worth $4,101,000. Finally, PEAK6 Investments LLC lifted its holdings in shares of Daktronics by 269.9% in the third quarter. PEAK6 Investments LLC now owns 42,073 shares of the technology company’s stock valued at $543,000 after buying an additional 30,699 shares during the period. 61.69% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, CEO Reece A. Kurtenbach sold 8,048 shares of the company’s 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 owns 469,727 shares in the company, valued at approximately $8,807,381.25. This represents a 1.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Patrick Friel sold 2,244 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $18.17, for a total value of $40,773.48. Following the completion of the transaction, the director now directly owns 87,573 shares in the company, valued at $1,591,201.41. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.10% of the stock is owned by corporate insiders.
Daktronics Stock Performance
Daktronics (NASDAQ:DAKT – Get Free Report) last issued its earnings results on Wednesday, December 4th. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.09). Daktronics had a net margin of 3.62% and a return on equity of 19.61%. On average, sell-side analysts anticipate that Daktronics, Inc. will post 0.96 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts recently commented on DAKT shares. StockNews.com raised shares of Daktronics from a “hold” rating to a “buy” rating in a research note on Monday, October 14th. Craig Hallum started coverage on shares of Daktronics in a research note on Wednesday. They set a “buy” rating and a $26.00 price objective for the company.
Read Our Latest Research Report on DAKT
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.
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