Daktronics, Inc. $DAKT Stock Holdings Increased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC raised its position in shares of Daktronics, Inc. (NASDAQ:DAKT) by 190.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 32,132 shares of the technology company’s stock after purchasing an additional 21,069 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Daktronics were worth $486,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in shares of Daktronics by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,352,441 shares of the technology company’s stock valued at $20,449,000 after acquiring an additional 7,999 shares during the last quarter. Atria Investments Inc lifted its stake in Daktronics by 19.5% during the second quarter. Atria Investments Inc now owns 18,700 shares of the technology company’s stock worth $283,000 after purchasing an additional 3,057 shares during the last quarter. Quaker Wealth Management LLC boosted its holdings in Daktronics by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 3,800 shares of the technology company’s stock worth $57,000 after purchasing an additional 7,600 shares during the period. Anthracite Investment Company Inc. increased its stake in Daktronics by 17.4% during the second quarter. Anthracite Investment Company Inc. now owns 441,214 shares of the technology company’s stock valued at $6,671,000 after purchasing an additional 65,275 shares during the last quarter. Finally, Inspire Investing LLC raised its holdings in shares of Daktronics by 206.3% during the second quarter. Inspire Investing LLC now owns 86,188 shares of the technology company’s stock worth $1,303,000 after purchasing an additional 58,047 shares during the period. Institutional investors own 61.69% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Daktronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Weiss Ratings restated a “hold (c-)” rating on shares of Daktronics in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Daktronics from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 14th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.00.

Daktronics Price Performance

NASDAQ DAKT opened at $18.75 on Friday. The company has a 50-day moving average price of $20.21 and a two-hundred day moving average price of $17.22. Daktronics, Inc. has a 52 week low of $10.24 and a 52 week high of $24.38. The stock has a market cap of $909.94 million, a price-to-earnings ratio of 30.72, a price-to-earnings-growth ratio of 0.60 and a beta of 1.68. The company has a current ratio of 2.07, a quick ratio of 1.54 and a debt-to-equity ratio of 0.19.

Daktronics (NASDAQ:DAKT) last released its quarterly earnings results on Wednesday, September 10th. The technology company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.09. Daktronics had a return on equity of 14.64% and a net margin of 1.51%.The company had revenue of $218.97 million for the quarter, compared to analysts’ expectations of $196.90 million. Analysts forecast that Daktronics, Inc. will post 0.96 EPS for the current year.

Insiders Place Their Bets

In other Daktronics news, VP Carla S. Gatzke sold 9,944 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $23.09, for a total transaction of $229,606.96. Following the completion of the transaction, the vice president owned 721,036 shares in the company, valued at approximately $16,648,721.24. The trade was a 1.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Patrick Friel sold 13,479 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $23.58, for a total value of $317,834.82. Following the completion of the transaction, the director directly owned 74,094 shares of the company’s stock, valued at approximately $1,747,136.52. The trade was a 15.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.30% of the company’s stock.

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.