Alambic Investment Management L.P. grew its position in Daktronics, Inc. (NASDAQ:DAKT) by 67.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,568 shares of the technology company’s stock after purchasing an additional 27,265 shares during the period. Alambic Investment Management L.P.’s holdings in Daktronics were worth $617,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in DAKT. Dimensional Fund Advisors LP raised its holdings in shares of Daktronics by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,589,435 shares of the technology company’s stock valued at $24,936,000 after purchasing an additional 158,102 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Daktronics by 5.8% in the second quarter. Vanguard Group Inc. now owns 2,179,448 shares of the technology company’s stock valued at $20,988,000 after purchasing an additional 119,913 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Daktronics by 124.9% in the third quarter. American Century Companies Inc. now owns 144,739 shares of the technology company’s stock valued at $1,530,000 after purchasing an additional 80,370 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Daktronics in the third quarter valued at about $805,000. Finally, Systematic Financial Management LP raised its holdings in shares of Daktronics by 43.5% in the third quarter. Systematic Financial Management LP now owns 224,192 shares of the technology company’s stock valued at $2,370,000 after purchasing an additional 67,942 shares during the last quarter. Institutional investors own 53.50% of the company’s stock.
DAKT has been the subject of several analyst reports. BidaskClub downgraded shares of Daktronics from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 6th. Zacks Investment Research lowered shares of Daktronics from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. Finally, Sidoti initiated coverage on shares of Daktronics in a research report on Wednesday, January 24th. They set a “neutral” rating and a $10.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $10.50.
Daktronics (NASDAQ:DAKT) last posted its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). The company had revenue of $169.30 million for the quarter, compared to the consensus estimate of $172.55 million. Daktronics had a net margin of 1.89% and a return on equity of 5.56%. Daktronics’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS. equities analysts forecast that Daktronics, Inc. will post 0.36 EPS for the current year.
Daktronics Company Profile
Daktronics, Inc is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International.
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