Squarepoint Ops LLC Decreases Stake in Daktronics, Inc. (NASDAQ:DAKT)

Squarepoint Ops LLC lessened its position in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 52.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,751 shares of the technology company's stock after selling 95,517 shares during the period. Squarepoint Ops LLC owned about 0.18% of Daktronics worth $1,446,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in Daktronics by 25.8% in the fourth quarter. SG Americas Securities LLC now owns 18,339 shares of the technology company's stock valued at $309,000 after buying an additional 3,758 shares during the last quarter. Money Concepts Capital Corp grew its position in shares of Daktronics by 0.4% in the 4th quarter. Money Concepts Capital Corp now owns 150,724 shares of the technology company's stock valued at $2,541,000 after buying an additional 607 shares during the last quarter. Empowered Funds LLC lifted its position in Daktronics by 5.1% in the fourth quarter. Empowered Funds LLC now owns 237,609 shares of the technology company's stock valued at $4,006,000 after acquiring an additional 11,539 shares during the last quarter. Rhumbline Advisers boosted its stake in Daktronics by 3.3% in the fourth quarter. Rhumbline Advisers now owns 58,951 shares of the technology company's stock valued at $994,000 after acquiring an additional 1,889 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Daktronics by 8.5% during the fourth quarter. Principal Financial Group Inc. now owns 22,413 shares of the technology company's stock worth $378,000 after purchasing an additional 1,765 shares during the last quarter. Institutional investors and hedge funds own 61.69% of the company's stock.

Insider Buying and Selling

In other Daktronics news, major shareholder Fox Opportunities Fund L. Alta sold 1,000,000 shares of the firm's stock in a transaction 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 now directly owns 4,973,599 shares of the company's stock, valued at approximately $74,106,625.10. This trade represents a 16.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andrew David Siegel bought 2,500 shares of Daktronics stock in a transaction dated Friday, April 4th. The stock was acquired at an average cost of $11.50 per share, with a total value of $28,750.00. Following the completion of the acquisition, the director now directly owns 43,446 shares of the company's stock, valued at approximately $499,629. The trade was a 6.11% increase in their position. The disclosure for this purchase can be found here. 5.20% of the stock is currently owned by company insiders.

Daktronics Stock Performance

Shares of DAKT traded down $0.14 during midday trading on Wednesday, reaching $13.93. 425,620 shares of the stock were exchanged, compared to its average volume of 495,374. Daktronics, Inc. has a twelve month low of $10.24 and a twelve month high of $19.89. 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 market capitalization of $695.01 million, a price-to-earnings ratio of 55.72, a PEG ratio of 0.57 and a beta of 1.62. The business's 50-day moving average price is $13.43 and its 200 day moving average price is $14.94.

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.