PNC Financial Services Group Inc. Has $68,000 Stake in Daktronics, Inc. (NASDAQ:DAKT)

PNC Financial Services Group Inc. increased its stake in shares of Daktronics, Inc. (NASDAQ:DAKT) by 29.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,264 shares of the technology company’s stock after purchasing an additional 2,082 shares during the period. PNC Financial Services Group Inc.’s holdings in Daktronics were worth $68,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capital Investment Advisory Services LLC purchased a new position in shares of Daktronics in the 4th quarter valued at approximately $66,000. Oregon Public Employees Retirement Fund bought a new position in Daktronics during the 4th quarter valued at approximately $111,000. Virtu Financial LLC bought a new position in Daktronics during the 4th quarter valued at approximately $162,000. MetLife Investment Advisors LLC increased its position in Daktronics by 39.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 24,896 shares of the technology company’s stock valued at $195,000 after buying an additional 7,076 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in Daktronics by 10.4% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 30,949 shares of the technology company’s stock valued at $229,000 after buying an additional 2,909 shares in the last quarter. 58.48% of the stock is currently owned by institutional investors and hedge funds.

DAKT has been the subject of a number of research analyst reports. BidaskClub raised Daktronics from a “hold” rating to a “buy” rating in a report on Tuesday, February 5th. Singular Research reissued a “buy” rating on shares of Daktronics in a report on Monday, March 4th. Finally, TheStreet lowered Daktronics from a “b-” rating to a “c” rating in a report on Thursday, February 21st.

Shares of DAKT traded up $0.01 during trading hours on Friday, hitting $7.57. The stock had a trading volume of 69,826 shares, compared to its average volume of 102,176. The firm has a market capitalization of $340.75 million, a P/E ratio of 34.41 and a beta of 1.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.05 and a quick ratio of 1.49. Daktronics, Inc. has a 12 month low of $7.14 and a 12 month high of $10.11.

Daktronics (NASDAQ:DAKT) last released its earnings results on Wednesday, February 20th. The technology company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.04). The company had revenue of $115.10 million for the quarter, compared to analysts’ expectations of $129.45 million. Daktronics had a net margin of 1.04% and a return on equity of 3.01%. Daktronics’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.14) earnings per share. Analysts expect that Daktronics, Inc. will post 0.13 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://www.baseballdailydigest.com/news/2019/04/21/pnc-financial-services-group-inc-acquires-2082-shares-of-daktronics-inc-dakt.html.

Daktronics Profile

Daktronics, Inc designs, manufactures, and sells a range of electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation; LED ribbon board displays; mobile and modular display systems; freeform LED displays, which include architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms.

Featured Article: What are the FAANG Stocks?

Institutional Ownership by Quarter for Daktronics (NASDAQ:DAKT)

Receive News & Ratings for Daktronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daktronics and related companies with MarketBeat.com's FREE daily email newsletter.