Victory Capital Management Inc. Sells 51,660 Shares of Daktronics, Inc. (NASDAQ:DAKT)

Victory Capital Management Inc. trimmed its holdings in shares of Daktronics, Inc. (NASDAQ:DAKT) by 26.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 140,139 shares of the technology company’s stock after selling 51,660 shares during the quarter. Victory Capital Management Inc.’s holdings in Daktronics were worth $2,363,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Progeny 3 Inc. increased its position in Daktronics by 27.3% during the third quarter. Progeny 3 Inc. now owns 2,284,608 shares of the technology company’s stock worth $29,494,000 after acquiring an additional 489,700 shares during the period. Charles Schwab Investment Management Inc. increased its position in Daktronics by 76.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 451,873 shares of the technology company’s stock worth $5,834,000 after acquiring an additional 195,830 shares during the period. Foundry Partners LLC bought a new position in Daktronics during the third quarter worth about $4,101,000. Empowered Funds LLC increased its position in Daktronics by 5.1% during the fourth quarter. Empowered Funds LLC now owns 237,609 shares of the technology company’s stock worth $4,006,000 after acquiring an additional 11,539 shares during the period. Finally, Anchor Capital Advisors LLC increased its position in Daktronics by 60.2% during the fourth quarter. Anchor Capital Advisors LLC now owns 171,346 shares of the technology company’s stock worth $2,889,000 after acquiring an additional 64,360 shares during the period. 61.69% of the stock is owned by institutional investors.

Daktronics Trading Up 4.3 %

DAKT opened at $12.72 on Monday. The company’s 50 day moving average is $15.65 and its 200-day moving average is $14.94. Daktronics, Inc. has a 1-year low of $8.81 and a 1-year high of $19.89. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40. The company has a market cap of $634.64 million, a P/E ratio of 50.88, a PEG ratio of 0.57 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum initiated coverage on shares of Daktronics in a research note on Wednesday, January 22nd. They set a “buy” rating and a $26.00 price objective on the stock.

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.