Daktronics, Inc. $DAKT Stock Position Decreased by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in shares of Daktronics, Inc. (NASDAQ:DAKT) by 8.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 285,918 shares of the technology company’s stock after selling 27,775 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.59% of Daktronics worth $5,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in DAKT. CIBC Private Wealth Group LLC increased its holdings in Daktronics by 42.6% in the third quarter. CIBC Private Wealth Group LLC now owns 7,369 shares of the technology company’s stock worth $154,000 after buying an additional 2,201 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in Daktronics in the third quarter worth approximately $240,000. Caxton Associates LLP bought a new stake in Daktronics in the third quarter worth approximately $448,000. XTX Topco Ltd increased its stake in shares of Daktronics by 171.1% during the 3rd quarter. XTX Topco Ltd now owns 56,100 shares of the technology company’s stock worth $1,174,000 after purchasing an additional 35,409 shares during the last quarter. Finally, Virtus Advisers LLC increased its stake in shares of Daktronics by 204.2% during the 3rd quarter. Virtus Advisers LLC now owns 24,621 shares of the technology company’s stock worth $515,000 after purchasing an additional 16,526 shares during the last quarter. Institutional investors own 61.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Daktronics in a research note on Monday, December 29th. Zacks Research lowered Daktronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Daktronics has an average rating of “Hold”.

Daktronics Stock Performance

Shares of NASDAQ DAKT opened at $19.55 on Wednesday. Daktronics, Inc. has a 12 month low of $10.92 and a 12 month high of $28.27. The company has a market cap of $944.27 million, a P/E ratio of 35.55, a P/E/G ratio of 0.60 and a beta of 1.70. The business’s 50 day moving average is $23.37 and its two-hundred day moving average is $21.04. The company has a quick ratio of 1.68, a current ratio of 2.22 and a debt-to-equity ratio of 0.19.

Daktronics (NASDAQ:DAKT) last posted its quarterly earnings data on Wednesday, March 4th. The technology company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.09). Daktronics had a net margin of 3.43% and a return on equity of 16.55%. The business had revenue of $181.87 million during the quarter, compared to the consensus estimate of $181.00 million. On average, equities analysts expect that Daktronics, Inc. will post 0.96 EPS for the current year.

Daktronics Profile

Daktronics, Inc (NASDAQ: DAKT) is a leading designer and manufacturer of electronic display systems, video boards, scoreboards and related control systems. Founded in 1968 in Brookings, South Dakota by Al Kurtenbach and Duane Sander, the company has built a reputation for delivering custom visual display solutions to a wide range of markets. Its product portfolio includes large-format LED video displays, programmable message centers, digital billboards, and audio-visual solutions tailored to sports venues, transportation authorities, retail environments and live event producers.

The company’s primary business activities encompass the engineering, fabrication and installation of display systems for customers around the world.