D. E. Shaw & Co. Inc. Cuts Position in Daktronics, Inc. (NASDAQ:DAKT)

D. E. Shaw & Co. Inc. decreased its holdings in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 497,289 shares of the technology company's stock after selling 38,652 shares during the period. D. E. Shaw & Co. Inc. owned 1.06% of Daktronics worth $8,384,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DAKT. Duquesne Family Office LLC grew its holdings in Daktronics by 2.2% during the fourth quarter. Duquesne Family Office LLC now owns 2,625,105 shares of the technology company's stock worth $44,259,000 after buying an additional 56,750 shares in the last quarter. Caption Management LLC grew its stake in Daktronics by 47.0% during the fourth quarter. Caption Management LLC now owns 14,700 shares of the technology company's stock valued at $248,000 after acquiring an additional 4,700 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Daktronics by 2.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 448,709 shares of the technology company's stock valued at $7,565,000 after acquiring an additional 11,539 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Daktronics by 21.4% during the 4th quarter. Bank of America Corp DE now owns 52,722 shares of the technology company's stock worth $889,000 after acquiring an additional 9,301 shares during the last quarter. Finally, Alta Fox Capital Management LLC raised its stake in shares of Daktronics by 310.7% during the fourth quarter. Alta Fox Capital Management LLC now owns 3,074,336 shares of the technology company's stock worth $51,833,000 after acquiring an additional 2,325,779 shares in the last quarter. Institutional investors and hedge funds own 61.69% of the company's stock.

Daktronics Stock Up 1.9%

Shares of NASDAQ:DAKT traded up $0.29 on Monday, hitting $15.39. 286,165 shares of the company traded hands, compared to its average volume of 469,389. Daktronics, Inc. has a 52 week low of $10.24 and a 52 week high of $19.89. The company has a market cap of $767.85 million, a PE ratio of 61.56, a PEG ratio of 0.57 and a beta of 1.56. The stock has a 50 day simple moving average of $12.80 and a 200-day simple moving average of $14.89. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 0.40.

Insider Transactions at Daktronics

In other news, Director Andrew David Siegel bought 2,500 shares of Daktronics stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average cost of $11.50 per share, with a total value of $28,750.00. Following the acquisition, the director now owns 43,446 shares of the company's stock, valued at $499,629. The trade was a 6.11% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.50% of the company's stock.

Analyst Ratings Changes

Separately, Craig Hallum started coverage on shares of Daktronics in a report on Wednesday, January 22nd. They issued a "buy" rating and a $26.00 price target on the stock.

Daktronics 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.