State Street Corp Has $12 Million Stock Holdings in Daktronics, Inc. (NASDAQ:DAKT)

State Street Corp reduced its stake in shares of Daktronics, Inc. (NASDAQ:DAKT) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 929,762 shares of the technology company’s stock after selling 13,116 shares during the quarter. State Street Corp’s holdings in Daktronics were worth $12,003,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DAKT. Quarry LP boosted its position in shares of Daktronics by 75.6% during the 3rd quarter. Quarry LP now owns 2,297 shares of the technology company’s stock worth $30,000 after acquiring an additional 989 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Daktronics by 92.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,309 shares of the technology company’s stock valued at $32,000 after purchasing an additional 1,108 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Daktronics in the 3rd quarter valued at $164,000. Atria Investments Inc bought a new stake in shares of Daktronics during the 3rd quarter worth $171,000. Finally, SG Americas Securities LLC bought a new position in Daktronics in the third quarter valued at about $188,000. Institutional investors own 61.69% of the company’s stock.

Insiders Place Their Bets

In other Daktronics news, Director John Patrick Friel sold 2,244 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $18.17, for a total value of $40,773.48. Following the sale, the director now owns 87,573 shares in the company, valued at approximately $1,591,201.41. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Matthew John Kurtenbach sold 15,400 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $13.28, for a total value of $204,512.00. Following the completion of the sale, the vice president now directly owns 2,500 shares of the company’s stock, valued at approximately $33,200. The trade was a 86.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,692 shares of company stock valued at $718,435 in the last ninety days. 8.10% of the stock is currently owned by insiders.

Daktronics Stock Performance

Shares of DAKT stock opened at $17.30 on Thursday. The business’s 50-day moving average price is $15.42 and its 200-day moving average price is $14.10. The firm has a market capitalization of $812.86 million, a price-to-earnings ratio of 69.20, a PEG ratio of 0.72 and a beta of 1.19. Daktronics, Inc. has a 12 month low of $7.20 and a 12 month high of $19.89. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. StockNews.com raised shares of 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 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.