UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Position in Daktronics, Inc. (NASDAQ:DAKT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 133.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,411 shares of the technology company's stock after buying an additional 44,307 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.16% of Daktronics worth $1,305,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Union Square Park Capital Management LLC purchased a new stake in Daktronics in the fourth quarter worth about $1,096,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of Daktronics in the 4th quarter worth approximately $330,000. ProShare Advisors LLC purchased a new stake in shares of Daktronics in the 4th quarter worth approximately $190,000. Progeny 3 Inc. increased its position in Daktronics by 4.7% during the 4th quarter. Progeny 3 Inc. now owns 2,391,008 shares of the technology company's stock valued at $40,312,000 after buying an additional 106,400 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Daktronics by 11.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,734 shares of the technology company's stock valued at $383,000 after buying an additional 2,407 shares during the last quarter. 61.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Fox Opportunities Fund L. Alta sold 1,000,000 shares of Daktronics stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $14.90, for a total value of $14,900,000.00. Following the completion of the sale, the insider now owns 4,973,599 shares of the company's stock, valued at $74,106,625.10. The trade was a 16.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrew David Siegel bought 2,500 shares of the company's stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of $11.50 per share, for a total transaction of $28,750.00. Following the completion of the transaction, 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. 5.50% of the stock is owned by company insiders.

Daktronics Stock Down 0.8%

Daktronics stock traded down $0.11 during mid-day trading on Thursday, hitting $14.15. The company had a trading volume of 86,296 shares, compared to its average volume of 495,355. Daktronics, Inc. has a 12 month low of $10.24 and a 12 month high of $19.89. The company has a market capitalization of $705.99 million, a PE ratio of 56.60, a price-to-earnings-growth ratio of 0.57 and a beta of 1.62. The stock's 50 day moving average price is $13.59 and its two-hundred day moving average price is $14.92. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40.

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.