SG Americas Securities LLC Increases Holdings in Daktronics, Inc. (NASDAQ:DAKT)

SG Americas Securities LLC grew its holdings in shares of Daktronics, Inc. (NASDAQ:DAKT) by 26.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,815 shares of the technology company’s stock after buying an additional 4,416 shares during the quarter. SG Americas Securities LLC’s holdings in Daktronics were worth $177,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its position in Daktronics by 232.6% in the 2nd quarter. BlackRock Inc. now owns 2,426,574 shares of the technology company’s stock worth $15,530,000 after purchasing an additional 1,696,985 shares during the period. State Street Corp raised its position in Daktronics by 354.6% in the 2nd quarter. State Street Corp now owns 662,305 shares of the technology company’s stock worth $4,239,000 after purchasing an additional 516,601 shares during the period. Geode Capital Management LLC raised its position in Daktronics by 94.3% in the 2nd quarter. Geode Capital Management LLC now owns 792,848 shares of the technology company’s stock worth $5,074,000 after purchasing an additional 384,733 shares during the period. Vanguard Group Inc. raised its position in Daktronics by 20.3% in the 1st quarter. Vanguard Group Inc. now owns 2,179,051 shares of the technology company’s stock worth $8,368,000 after purchasing an additional 368,099 shares during the period. Finally, Millennium Management LLC raised its position in Daktronics by 191.2% in the 2nd quarter. Millennium Management LLC now owns 511,380 shares of the technology company’s stock worth $1,539,000 after purchasing an additional 335,788 shares during the period. 61.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DAKT has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Daktronics from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. TheStreet lowered shares of Daktronics from a “b-” rating to a “c+” rating in a research report on Friday, January 5th.

Daktronics Stock Performance

Shares of NASDAQ:DAKT opened at $9.48 on Monday. The firm has a market cap of $437.88 million, a PE ratio of 9.20, a price-to-earnings-growth ratio of 0.28 and a beta of 1.08. The firm’s 50 day simple moving average is $8.86 and its 200-day simple moving average is $9.03. Daktronics, Inc. has a one year low of $4.66 and a one year high of $12.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.38 and a current ratio of 2.21.

Daktronics (NASDAQ:DAKT) last issued its earnings results on Wednesday, February 28th. The technology company reported ($0.03) EPS for the quarter. The company had revenue of $170.30 million for the quarter. Daktronics had a return on equity of 30.57% and a net margin of 6.59%. As a group, equities analysts predict that Daktronics, Inc. will post 1.12 EPS for the current year.

Daktronics Profile

Daktronics, Inc designs, manufactures, and markets electronic display systems and related products 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.