The stock of Daktronics, Inc. (NASDAQ:DAKT) hit a new 52-week high and has $10.74 target or 3.00% above today’s $10.43 share price. The 9 months bullish chart indicates low risk for the $488.14 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $10.74 price target is reached, the company will be worth $14.64 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 173,273 shares traded hands or 10.04% up from the average. Daktronics, Inc. (NASDAQ:DAKT) has risen 17.81% since April 21, 2016 and is uptrending. It has outperformed by 12.48% the S&P500.
According to Zacks Investment Research, “Daktronics Inc. has strong leadership positions in, and is one of the world’s largest suppliers of, electronic scoreboards, computer-programmable displays, and large screen video displays and control systems. The company excels in the control of large display systems, including those that require integration of multiple complex displays showing real-time information, graphics, animation and video. Daktronics designs, manufactures, markets and services display systems for customers around the world in sport, business and transportation applications.”
Insitutional Activity: The institutional sentiment increased to 2.05 in 2016 Q2. Its up 0.99, from 1.06 in 2016Q1. The ratio improved, as 14 funds sold all Daktronics, Inc. shares owned while 37 reduced positions. 16 funds bought stakes while 38 increased positions. They now own 19.32 million shares or 15.25% less from 22.80 million shares in 2016Q1.
Legal And General Grp Incorporated Public Limited Company has invested 0% of its portfolio in Daktronics, Inc. (NASDAQ:DAKT). Tiaa Cref Inv Ltd Liability has 0% invested in the company for 111,493 shares. Pinnacle Ltd Liability Company reported 350 shares or 0% of all its holdings. Glacier Peak Cap holds 0.16% of its portfolio in Daktronics, Inc. (NASDAQ:DAKT) for 24,347 shares. Menta Ltd Liability accumulated 0.01% or 14,900 shares. Profund Advsr Ltd Liability has 0% invested in the company for 13,042 shares. The New York-based Amer Inc has invested 0% in Daktronics, Inc. (NASDAQ:DAKT). Systematic Management Ltd Partnership last reported 157,900 shares in the company. Moreover, Hanson And Doremus Inv Mngmt has 0.22% invested in Daktronics, Inc. (NASDAQ:DAKT) for 79,095 shares. Louisiana State Employees Retirement Sys, a Louisiana-based fund reported 17,100 shares. Comerica Savings Bank last reported 38,140 shares in the company. Pnc Financial Services Grp holds 3,646 shares or 0% of its portfolio. First Natl Bank Sioux Falls last reported 7,040 shares in the company. Blackrock Invest Mngmt Ltd Llc holds 177,280 shares or 0% of its portfolio. Moreover, Mondrian Invest Prtn has 0.07% invested in Daktronics, Inc. (NASDAQ:DAKT) for 505,487 shares.
Insider Transactions: Since June 28, 2016, the stock had 2 insider purchases, and 0 insider sales for $74,248 net activity. McDermott Kevin Patrick bought $12,200 worth of stock. 10,000 Daktronics, Inc. (NASDAQ:DAKT) shares with value of $62,048 were bought by Kurtenbach Reece A.
More notable recent Daktronics, Inc. (NASDAQ:DAKT) news were published by: Fool.com which released: “Daktronics, Inc. Stock Up 19% on Earnings: Here’s What You Need to Know” on August 23, 2016, also Marketwatch.com with their article: “Plus the latest data from Realtor.com on 21 home markets across the US” published on October 10, 2010, Nasdaq.com published: “Daktronics Inc. Reveals 185% Rise In Q2 Profit” on November 22, 2016. More interesting news about Daktronics, Inc. (NASDAQ:DAKT) were released by: Fool.com and their article: “Why Shares of Daktronics Inc. Tumbled Today” published on June 01, 2016 as well as Fool.com‘s news article titled: “Daktronics, Inc. Is Not a Stock for the Impatient” with publication date: November 24, 2015.
DAKT Company Profile
Daktronics, Inc., incorporated on December 9, 1968, is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Firm operates through five divisions: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The Firm serves its clients by providing standard display products, as well as custom-designed and integrated systems. The Firm offers a range of products, from small scoreboards and electronic displays to video display systems, as well as related control, timing and sound systems. It designs, markets, makes, installs and services integrated systems displaying real-time data, graphics, animation and video.