Axa S.A. Has $1.01 Million Holdings in Daktronics, Inc. (NASDAQ:DAKT)

Axa S.A. lowered its position in Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 34.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,121 shares of the technology company's stock after selling 31,474 shares during the period. Axa S.A. owned 0.13% of Daktronics worth $1,014,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. raised its holdings in shares of Daktronics by 29.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,192 shares of the technology company's stock valued at $71,000 after purchasing an additional 965 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Daktronics during the 4th quarter worth about $125,000. Knott David M Jr acquired a new position in shares of Daktronics during the 4th quarter valued at about $132,000. Retirement Solution LLC bought a new position in shares of Daktronics in the 4th quarter valued at approximately $169,000. Finally, Fox Run Management L.L.C. acquired a new stake in Daktronics in the 4th quarter worth approximately $169,000. 61.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Craig Hallum assumed coverage on Daktronics in a report on Wednesday, January 22nd. They set a "buy" rating and a $26.00 price target on the stock.

Insider Activity at Daktronics

In other Daktronics news, Director Andrew David Siegel purchased 7,200 shares of the business's stock in a transaction dated Monday, March 31st. The stock was bought at an average cost of $11.82 per share, for a total transaction of $85,104.00. Following the completion of the acquisition, the director now directly owns 40,946 shares in the company, valued at $483,981.72. This represents a 21.34 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.50% of the stock is owned by corporate insiders.

Daktronics Stock Up 0.6 %

DAKT stock opened at $14.04 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.35 and a quick ratio of 1.67. The company has a 50-day moving average of $12.55 and a two-hundred day moving average of $14.81. The stock has a market capitalization of $700.50 million, a price-to-earnings ratio of 56.16, a price-to-earnings-growth ratio of 0.57 and a beta of 1.56. Daktronics, Inc. has a 52-week low of $10.24 and a 52-week high of $19.89.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.