Public Employees Retirement System of Ohio Raises Stock Position in Daktronics, Inc. (NASDAQ:DAKT)

Public Employees Retirement System of Ohio boosted its position in shares of Daktronics, Inc. (NASDAQ:DAKT) by 11.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,600 shares of the technology company’s stock after buying an additional 2,400 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.05% of Daktronics worth $211,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DAKT. BlackRock Inc. grew its position in Daktronics by 232.6% during the second quarter. BlackRock Inc. now owns 2,426,574 shares of the technology company’s stock valued at $15,530,000 after buying an additional 1,696,985 shares during the period. State Street Corp grew its position in shares of Daktronics by 354.6% in the second quarter. State Street Corp now owns 662,305 shares of the technology company’s stock valued at $4,239,000 after purchasing an additional 516,601 shares during the period. Geode Capital Management LLC grew its position in shares of Daktronics by 94.3% in the second quarter. Geode Capital Management LLC now owns 792,848 shares of the technology company’s stock valued at $5,074,000 after purchasing an additional 384,733 shares during the period. Vanguard Group Inc. grew its position in shares of Daktronics by 20.3% in the first quarter. Vanguard Group Inc. now owns 2,179,051 shares of the technology company’s stock valued at $8,368,000 after purchasing an additional 368,099 shares during the period. Finally, Millennium Management LLC grew its position in shares of Daktronics by 191.2% in the second quarter. Millennium Management LLC now owns 511,380 shares of the technology company’s stock valued at $1,539,000 after purchasing an additional 335,788 shares during the period. Institutional investors and hedge funds own 61.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of Daktronics from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. TheStreet lowered shares of Daktronics from a “b-” rating to a “c+” rating in a research report on Friday, January 5th.

Daktronics Stock Performance

DAKT opened at $9.83 on Thursday. The firm has a market capitalization of $454.04 million, a PE ratio of 9.54 and a beta of 1.06. Daktronics, Inc. has a twelve month low of $4.66 and a twelve month high of $12.42. The firm’s 50-day moving average price is $8.35 and its 200 day moving average price is $8.96. The company has a current ratio of 2.21, a quick ratio of 1.38 and a debt-to-equity ratio of 0.30.

Daktronics (NASDAQ:DAKT) last issued its earnings results on Wednesday, February 28th. The technology company reported ($0.03) EPS for the quarter. The firm had revenue of $170.30 million for the quarter. Daktronics had a return on equity of 30.57% and a net margin of 6.59%.

About Daktronics

Daktronics, Inc designs, manufactures, and markets electronic display systems and related products 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.