JPMorgan Chase & Co. Has $5.98 Million Stock Holdings in Daktronics, Inc. $DAKT

JPMorgan Chase & Co. trimmed its position in shares of Daktronics, Inc. (NASDAQ:DAKT) by 8.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 285,918 shares of the technology company’s stock after selling 27,775 shares during the period. JPMorgan Chase & Co.’s holdings in Daktronics were worth $5,981,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Daktronics by 0.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 77,264 shares of the technology company’s stock worth $1,503,000 after purchasing an additional 665 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Daktronics by 3.2% in the second quarter. Osaic Holdings Inc. now owns 23,638 shares of the technology company’s stock valued at $357,000 after purchasing an additional 728 shares in the last quarter. Verition Fund Management LLC lifted its position in Daktronics by 3.3% in the third quarter. Verition Fund Management LLC now owns 27,983 shares of the technology company’s stock worth $585,000 after purchasing an additional 898 shares during the period. Harbor Capital Advisors Inc. lifted its position in Daktronics by 12.5% in the third quarter. Harbor Capital Advisors Inc. now owns 9,902 shares of the technology company’s stock worth $207,000 after purchasing an additional 1,097 shares during the period. Finally, Quarry LP acquired a new stake in Daktronics during the third quarter worth $25,000. Institutional investors and hedge funds own 61.69% of the company’s stock.

Daktronics Price Performance

NASDAQ:DAKT opened at $19.55 on Wednesday. The company has a quick ratio of 1.68, a current ratio of 2.22 and a debt-to-equity ratio of 0.19. The firm has a market cap of $944.27 million, a PE ratio of 35.55, a price-to-earnings-growth ratio of 0.60 and a beta of 1.70. Daktronics, Inc. has a 12 month low of $10.92 and a 12 month high of $28.27. The company’s 50-day moving average price is $23.37 and its two-hundred day moving average price is $21.04.

Daktronics (NASDAQ:DAKT) last posted its quarterly earnings data on Wednesday, March 4th. The technology company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.09). Daktronics had a return on equity of 16.55% and a net margin of 3.43%.The firm had revenue of $181.87 million for the quarter, compared to analyst estimates of $181.00 million. On average, equities analysts anticipate that Daktronics, Inc. will post 0.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DAKT has been the topic of several analyst reports. Zacks Research lowered shares of Daktronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Daktronics in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Daktronics Profile

Daktronics, Inc (NASDAQ: DAKT) is a leading designer and manufacturer of electronic display systems, video boards, scoreboards and related control systems. Founded in 1968 in Brookings, South Dakota by Al Kurtenbach and Duane Sander, the company has built a reputation for delivering custom visual display solutions to a wide range of markets. Its product portfolio includes large-format LED video displays, programmable message centers, digital billboards, and audio-visual solutions tailored to sports venues, transportation authorities, retail environments and live event producers.

The company’s primary business activities encompass the engineering, fabrication and installation of display systems for customers around the world.