Kovack Advisors Inc. increased its holdings in Daktronics, Inc. (NASDAQ:DAKT – Free Report) by 22.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 393,100 shares of the technology company’s stock after buying an additional 72,900 shares during the period. Kovack Advisors Inc. owned 0.85% of Daktronics worth $3,915,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its holdings in Daktronics by 145.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 80,845 shares of the technology company’s stock valued at $805,000 after purchasing an additional 47,895 shares during the period. First Bank & Trust boosted its holdings in Daktronics by 29.5% in the 1st quarter. First Bank & Trust now owns 997,216 shares of the technology company’s stock valued at $9,932,000 after purchasing an additional 227,108 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in Daktronics in the 1st quarter valued at $7,482,000. Los Angeles Capital Management LLC bought a new position in Daktronics in the 1st quarter valued at $296,000. Finally, West Tower Group LLC boosted its holdings in Daktronics by 150.0% in the 4th quarter. West Tower Group LLC now owns 75,000 shares of the technology company’s stock valued at $636,000 after purchasing an additional 45,000 shares during the period. 61.69% of the stock is owned by institutional investors.
Insider Buying and Selling at Daktronics
In other Daktronics news, CEO Reece A. Kurtenbach sold 15,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $13.87, for a total value of $208,050.00. Following the completion of the transaction, the chief executive officer now directly owns 457,963 shares of the company’s stock, valued at approximately $6,351,946.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 8.30% of the company’s stock.
Daktronics Price Performance
Daktronics Profile
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.
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