Daktronics, Inc. (NASDAQ:DAKT) Shares Sold by First Bank & Trust

First Bank & Trust reduced its position in Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 742,252 shares of the technology company's stock after selling 59,055 shares during the period. Daktronics comprises about 1.7% of First Bank & Trust's holdings, making the stock its 9th largest position. First Bank & Trust owned approximately 1.42% of Daktronics worth $9,041,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Alta Fox Capital Management LLC lifted its stake in shares of Daktronics by 310.7% in the 4th quarter. Alta Fox Capital Management LLC now owns 3,074,336 shares of the technology company's stock valued at $51,833,000 after purchasing an additional 2,325,779 shares during the last quarter. Duquesne Family Office LLC lifted its position in shares of Daktronics by 2.2% in the fourth quarter. Duquesne Family Office LLC now owns 2,625,105 shares of the technology company's stock worth $44,259,000 after buying an additional 56,750 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Daktronics by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 2,450,964 shares of the technology company's stock worth $41,323,000 after buying an additional 11,099 shares during the last quarter. Progeny 3 Inc. boosted its stake in shares of Daktronics by 4.7% during the 4th quarter. Progeny 3 Inc. now owns 2,391,008 shares of the technology company's stock worth $40,312,000 after acquiring an additional 106,400 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Daktronics by 11.3% during the 4th quarter. American Century Companies Inc. now owns 1,388,284 shares of the technology company's stock valued at $23,406,000 after acquiring an additional 140,482 shares during the last quarter. 61.69% of the stock is owned by hedge funds and other institutional investors.

Daktronics Stock Performance

Shares of NASDAQ:DAKT traded up $0.45 during midday trading on Friday, hitting $16.90. The company's stock had a trading volume of 509,956 shares, compared to its average volume of 483,403. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.60 and a current ratio of 2.22. The stock's 50 day simple moving average is $14.53 and its 200 day simple moving average is $14.64. The stock has a market capitalization of $829.96 million, a price-to-earnings ratio of -38.41, a PEG ratio of 0.55 and a beta of 1.60. Daktronics, Inc. has a fifty-two week low of $10.24 and a fifty-two week high of $19.89.

Daktronics (NASDAQ:DAKT - Get Free Report) last released its earnings results on Wednesday, June 25th. The technology company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.18. Daktronics had a positive return on equity of 15.29% and a negative net margin of 1.34%. The firm had revenue of $172.55 million for the quarter, compared to analyst estimates of $189.10 million. During the same quarter last year, the firm posted $0.27 EPS. As a group, research analysts anticipate that Daktronics, Inc. will post 0.96 earnings per share for the current year.

Insider Buying and Selling at Daktronics

In other news, major shareholder Fox Opportunities Fund L. Alta sold 1,000,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $14.90, for a total transaction of $14,900,000.00. Following the transaction, the insider directly owned 4,973,599 shares in the company, valued at approximately $74,106,625.10. This represents a 16.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.50% of the company's stock.

About Daktronics

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.