Daktronics, Inc. (NASDAQ:DAKT) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 939,809 shares of the technology company's stock after buying an additional 27,672 shares during the period. Geode Capital Management LLC owned approximately 2.00% of Daktronics worth $15,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of Daktronics by 348.2% in the 3rd quarter. Barclays PLC now owns 58,388 shares of the technology company's stock valued at $754,000 after purchasing an additional 45,360 shares during the last quarter. Franklin Resources Inc. increased its holdings in Daktronics by 0.9% in the 3rd quarter. Franklin Resources Inc. now owns 70,992 shares of the technology company's stock valued at $959,000 after purchasing an additional 654 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in Daktronics in the 4th quarter valued at approximately $170,000. SG Americas Securities LLC lifted its stake in Daktronics by 25.8% during the fourth quarter. SG Americas Securities LLC now owns 18,339 shares of the technology company's stock worth $309,000 after purchasing an additional 3,758 shares in the last quarter. Finally, Money Concepts Capital Corp lifted its stake in Daktronics by 0.4% during the 4th quarter. Money Concepts Capital Corp now owns 150,724 shares of the technology company's stock worth $2,541,000 after acquiring an additional 607 shares in the last quarter. Hedge funds and other institutional investors own 61.69% of the company's stock.

Daktronics Stock Down 0.8 %

Shares of Daktronics stock traded down $0.10 on Friday, reaching $12.37. 17,816 shares of the company were exchanged, compared to its average volume of 478,208. The stock's 50 day moving average price is $13.07 and its 200-day moving average price is $14.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.35 and a quick ratio of 1.67. Daktronics, Inc. has a 1-year low of $9.22 and a 1-year high of $19.89. The company has a market cap of $647.15 million, a P/E ratio of 49.46, a price-to-earnings-growth ratio of 0.57 and a beta of 1.34.

Insiders Place Their Bets

In other Daktronics news, Director Andrew David Siegel purchased 2,500 shares of the business's stock in a transaction on Friday, April 4th. The shares were bought at an average cost of $11.50 per share, for a total transaction of $28,750.00. Following the completion of the purchase, the director now directly owns 43,446 shares in the company, valued at approximately $499,629. This represents a 6.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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