AlphaQuest LLC Reduces Holdings in Daktronics, Inc. (NASDAQ:DAKT)

AlphaQuest LLC cut its stake in shares of Daktronics, Inc. (NASDAQ:DAKT) by 27.5% in the 4th quarter, HoldingsChannel reports. The fund owned 21,940 shares of the technology company’s stock after selling 8,330 shares during the quarter. AlphaQuest LLC’s holdings in Daktronics were worth $370,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Progeny 3 Inc. boosted its holdings in Daktronics by 27.3% during the 3rd quarter. Progeny 3 Inc. now owns 2,284,608 shares of the technology company’s stock valued at $29,494,000 after acquiring an additional 489,700 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Daktronics by 76.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 451,873 shares of the technology company’s stock valued at $5,834,000 after acquiring an additional 195,830 shares during the period. Foundry Partners LLC purchased a new stake in Daktronics in the 3rd quarter worth approximately $4,101,000. Empowered Funds LLC lifted its holdings in Daktronics by 5.1% in the 4th quarter. Empowered Funds LLC now owns 237,609 shares of the technology company’s stock worth $4,006,000 after buying an additional 11,539 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Daktronics by 31.6% in the 3rd quarter. Victory Capital Management Inc. now owns 191,799 shares of the technology company’s stock worth $2,476,000 after buying an additional 46,104 shares during the period. 61.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Craig Hallum started coverage on Daktronics in a report on Wednesday, January 22nd. They issued a “buy” rating and a $26.00 price objective for the company.

Daktronics Trading Down 0.2 %

NASDAQ DAKT opened at $12.19 on Friday. Daktronics, Inc. has a fifty-two week low of $8.81 and a fifty-two week high of $19.89. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.67 and a current ratio of 2.35. The stock has a 50 day simple moving average of $15.82 and a two-hundred day simple moving average of $14.99. The stock has a market cap of $608.20 million, a P/E ratio of 48.76, a price-to-earnings-growth ratio of 0.57 and a beta of 1.12.

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.