UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 44,307 Shares of Daktronics, Inc. (NASDAQ:DAKT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 133.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,411 shares of the technology company's stock after purchasing an additional 44,307 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.16% of Daktronics worth $1,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Union Square Park Capital Management LLC acquired a new position in shares of Daktronics in the 4th quarter valued at approximately $1,096,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of Daktronics in the 4th quarter valued at approximately $330,000. ProShare Advisors LLC bought a new stake in Daktronics in the 4th quarter valued at $190,000. Progeny 3 Inc. raised its stake in Daktronics by 4.7% in the 4th quarter. Progeny 3 Inc. now owns 2,391,008 shares of the technology company's stock valued at $40,312,000 after acquiring an additional 106,400 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Daktronics by 11.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,734 shares of the technology company's stock valued at $383,000 after acquiring an additional 2,407 shares during the period. 61.69% of the stock is owned by institutional investors.

Insider Activity at Daktronics

In related 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 stock was sold at an average price of $14.90, for a total value of $14,900,000.00. Following the sale, the insider now directly owns 4,973,599 shares in the company, valued at $74,106,625.10. This represents 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 hyperlink. Also, Director Andrew David Siegel bought 7,200 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average price of $11.82 per share, for a total transaction of $85,104.00. Following the completion of the acquisition, the director now 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 disclosure for this purchase can be found here. 5.50% of the stock is owned by insiders.

Daktronics Stock Performance

Shares of DAKT traded down $0.55 during midday trading on Friday, reaching $13.70. 330,788 shares of the stock were exchanged, compared to its average volume of 497,176. Daktronics, Inc. has a twelve month low of $10.24 and a twelve month high of $19.89. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 0.40. The company has a market cap of $683.53 million, a P/E ratio of 54.80, a PEG ratio of 0.57 and a beta of 1.62. The stock's 50 day simple moving average is $13.65 and its 200 day simple moving average is $14.91.

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.