Daktronics, Inc. (NASDAQ:DAKT) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its stake in shares of Daktronics, Inc. (NASDAQ:DAKT) by 4.9% in the 4th quarter, HoldingsChannel reports. The firm owned 429,713 shares of the technology company’s stock after selling 22,160 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Daktronics were worth $7,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DAKT. Progeny 3 Inc. grew its stake in Daktronics by 27.3% during the 3rd quarter. Progeny 3 Inc. now owns 2,284,608 shares of the technology company’s stock worth $29,494,000 after purchasing an additional 489,700 shares in the last quarter. Anchor Capital Advisors LLC lifted its holdings in Daktronics by 60.2% during the 4th quarter. Anchor Capital Advisors LLC now owns 171,346 shares of the technology company’s stock worth $2,889,000 after buying an additional 64,360 shares during the last quarter. FMR LLC lifted its holdings in Daktronics by 5,451.9% during the 3rd quarter. FMR LLC now owns 48,690 shares of the technology company’s stock worth $629,000 after buying an additional 47,813 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Daktronics by 31.6% during the 3rd quarter. Victory Capital Management Inc. now owns 191,799 shares of the technology company’s stock worth $2,476,000 after buying an additional 46,104 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Daktronics by 348.2% during the 3rd quarter. Barclays PLC now owns 58,388 shares of the technology company’s stock worth $754,000 after buying an additional 45,360 shares during the last quarter. 61.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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 for the company.

Daktronics Stock Down 0.9 %

Shares of NASDAQ DAKT opened at $12.55 on Monday. The company has a market capitalization of $626.16 million, a price-to-earnings ratio of 50.20, a price-to-earnings-growth ratio of 0.57 and a beta of 1.12. 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 business has a 50-day moving average of $15.27 and a two-hundred day moving average of $14.90. Daktronics, Inc. has a 1 year low of $8.81 and a 1 year 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.