Insider Market Move: Daktronics, Inc. (NASDAQ:DAKT)’s VP of Manufacturing Matthew Kurtenbach Sold 10,300 Shares of the Company

November 30, 2016 - By Hazel Jackson

Insider Market Move: Daktronics, Inc. (NASDAQ:DAKT)'s VP of Manufacturing Matthew Kurtenbach Sold 10,300 Shares of the Company

Matthew Kurtenbach Insider Sell

Matthew Kurtenbach is the VP of Manufacturing of Daktronics Inc. He a few days ago unloaded 10,300 shares in the corporation with the sale value totalling approximately $109,013 U.S Dollars. That is according to the SEC provided price of $10.6 for each share. The regulatory filing shows that Matthew Kurtenbach now possess roughly 0.56% of the South Dakota-based company’s market cap (total dollar market value of all company’s outstanding shares)

Insitutional Activity: The institutional sentiment increased to 2.05 in 2016 Q2. Its up 0.99, from 1.06 in 2016Q1. The ratio increased, 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.

First Fincl Bank Sioux Falls has 7,040 shares for 0.14% of their US portfolio. Northern Corporation holds 0% of its portfolio in Daktronics, Inc. (NASDAQ:DAKT) for 437,210 shares. Hightower Limited Liability Corp accumulated 33,444 shares or 0% of the stock. The New York-based Gamco Et Al has invested 0.01% in Daktronics, Inc. (NASDAQ:DAKT). Schwab Charles Inv Mngmt holds 126,201 shares or 0% of its portfolio. State Of Wisconsin Invest Board last reported 0.01% of its portfolio in the stock. The North Carolina-based Inv Counsel has invested 0.13% in Daktronics, Inc. (NASDAQ:DAKT). Btc Capital Management accumulated 0.03% or 20,344 shares. Moreover, First Ltd Partnership has 0% invested in Daktronics, Inc. (NASDAQ:DAKT) for 19,974 shares. Guggenheim Capital Limited Liability Co has 160,502 shares for 0% of their US portfolio. The North Carolina-based Bancorp Of America Corporation De has invested 0% in Daktronics, Inc. (NASDAQ:DAKT). Principal Finance Gru last reported 272,330 shares in the company. Moreover, Great West Life Assurance Com Can has 0% invested in Daktronics, Inc. (NASDAQ:DAKT) for 4,419 shares. Aperio Group Ltd Llc holds 0% or 16,832 shares in its portfolio. Teacher Retirement Sys Of Texas holds 0% or 5,208 shares in its portfolio.

Insider Transactions: Since June 28, 2016, the stock had 2 buys, and 0 sales for $74,248 net activity. Shares for $62,048 were bought by Kurtenbach Reece A on Tuesday, June 28. 2,000 Daktronics, Inc. (NASDAQ:DAKT) shares with value of $12,200 were bought by McDermott Kevin Patrick.

About 113,376 shares traded hands. Daktronics, Inc. (NASDAQ:DAKT) has risen 21.33% since April 27, 2016 and is uptrending. It has outperformed by 16.10% the S&P500.

Daktronics, Inc. is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The company has a market cap of $445.14 million. The Firm operates through five divisions: Commercial, Live Events, High School Park and Recreation, Transportation, and International. It has a 47.03 P/E ratio. 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.

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.”

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, Fool.com published: “Why Shares of Daktronics Inc. Tumbled Today” on June 01, 2016. More interesting news about Daktronics, Inc. (NASDAQ:DAKT) were released by: Fool.com and their article: “Daktronics, Inc. Is Not a Stock for the Impatient” published on November 24, 2015 as well as Globenewswire.com‘s news article titled: “Daktronics, Inc. Announces Second Quarter Fiscal 2017 Results” with publication date: November 22, 2016.

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.

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