Daktronics, Inc. (NASDAQ:DAKT) Shares Bought by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC raised its holdings in shares of Daktronics, Inc. (NASDAQ:DAKT – Free Report) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,387 shares of the technology company’s stock after purchasing an additional 2,778 shares during the period. Anchor Capital Advisors LLC owned 0.32% of Daktronics worth $2,070,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its stake in Daktronics by 422.7% in the fourth quarter. Russell Investments Group Ltd. now owns 52,790 shares of the technology company’s stock valued at $448,000 after buying an additional 42,690 shares during the period. Precision Wealth Strategies LLC purchased a new stake in shares of Daktronics in the fourth quarter valued at about $184,000. Victory Capital Management Inc. purchased a new stake in shares of Daktronics in the fourth quarter valued at approximately $628,000. Dimensional Fund Advisors LP boosted its stake in Daktronics by 14.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,451,404 shares of the technology company’s stock valued at $20,788,000 after buying an additional 305,597 shares during the period. Finally, Anthracite Investment Company Inc. acquired a new stake in shares of Daktronics in the fourth quarter valued at about $4,069,000. Institutional investors and hedge funds own 61.69% of the company’s shares.

Insider Buying and Selling at Daktronics

In other news, VP Matthew John Kurtenbach sold 3,000 shares of Daktronics stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.03, for a total transaction of $45,090.00. Following the completion of the sale, the vice president now directly owns 208,906 shares in the company, valued at $3,139,857.18. The sale was disclosed in a legal filing with the SEC, which is accessible via this link. In other news, CEO Reece A. Kurtenbach sold 15,000 shares of Daktronics stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $13.87, for a total transaction of $208,050.00. Following the completion of the sale, the chief executive officer now directly owns 457,963 shares in the company, valued at $6,351,946.81. The sale was disclosed in a legal filing with the SEC, which is accessible via this link. Also, VP Matthew John Kurtenbach sold 3,000 shares of Daktronics stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.03, for a total transaction of $45,090.00. Following the sale, the vice president now owns 208,906 shares of the company’s stock, valued at $3,139,857.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,811 shares of company stock worth $692,532. 8.30% of shares are owned by corporate insiders.

Analysts on Wall Street are forecasting an increase

Separately, StockNews.com upgraded shares of Daktronics from a “hold” rating to a “buy” rating in a report on Thursday.

Check out the latest stock analysis on Daktronics

Daktronics stock performance

NASDAQ:DAKT opened at $11.81 on Monday. The company has a current ratio of 2.09, a quick ratio of 1.37, and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average price of $14.28 and a two hundred day moving average price of $11.65. Daktronics, Inc. has a 12-month low of $7.20 and a 12-month high of $15.97. The company has a market cap of $546.76 million, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 0.43 and a beta of 1.14.

Daktronics (NASDAQ:DAKT – Get Your Free Report ) last posted its earnings results on Wednesday, June 26th. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.13. Daktronics had a net margin of 4.23% and a return on equity of 25.55%. The firm had revenue of $215.88 million during the quarter, compared to the consensus estimate of $179.28 million. As a group, research analysts expect Daktronics, Inc. to post 1.13 earnings per share for the current fiscal year.

Daktronics Company Profile

(Free report)

Daktronics, Inc designs, manufactures and markets electronic display systems and related products for sports, commercial and transportation applications in the United States and internationally. It operates through the commercial, live events, high school park and recreation, transportation and international segments.

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