Duquesne Family Office LLC Increases Position in Daktronics, Inc. (NASDAQ:DAKT)

Duquesne Family Office LLC grew its stake in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,625,105 shares of the technology company's stock after acquiring an additional 56,750 shares during the period. Daktronics comprises approximately 1.2% of Duquesne Family Office LLC's investment portfolio, making the stock its 23rd biggest holding. Duquesne Family Office LLC owned approximately 5.57% of Daktronics worth $44,259,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Caption Management LLC lifted its holdings in shares of Daktronics by 47.0% in the 4th quarter. Caption Management LLC now owns 14,700 shares of the technology company's stock worth $248,000 after buying an additional 4,700 shares during the period. Bridgeway Capital Management LLC lifted its stake in Daktronics by 2.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 448,709 shares of the technology company's stock worth $7,565,000 after acquiring an additional 11,539 shares during the period. Bank of America Corp DE lifted its stake in Daktronics by 21.4% in the fourth 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 period. Alta Fox Capital Management LLC grew its holdings in Daktronics by 310.7% during the 4th 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. Finally, Gallagher Fiduciary Advisors LLC increased its position in Daktronics by 18.1% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 14,793 shares of the technology company's stock valued at $249,000 after purchasing an additional 2,267 shares during the period. Hedge funds and other institutional investors own 61.69% of the company's stock.

Analysts Set New Price Targets

Separately, Craig Hallum began coverage on shares of Daktronics in a research note on Wednesday, January 22nd. They set a "buy" rating and a $26.00 price objective on the stock.

Daktronics Stock Up 0.6 %

DAKT stock traded up $0.09 during trading on Friday, reaching $14.04. 189,006 shares of the company traded hands, compared to its average volume of 474,032. The company has a market capitalization of $734.81 million, a price-to-earnings ratio of 56.16, a price-to-earnings-growth ratio of 0.57 and a beta of 1.56. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.67 and a current ratio of 2.35. The business has a 50 day simple moving average of $12.55 and a 200 day simple moving average of $14.81. Daktronics, Inc. has a 12 month low of $10.24 and a 12 month high of $19.89.

Insider Activity

In other Daktronics news, Director Andrew David Siegel purchased 2,500 shares of the stock in a transaction on Friday, April 4th. The stock was acquired at an average price of $11.50 per share, with a total value of $28,750.00. Following the completion of the acquisition, the director now owns 43,446 shares in the company, valued at $499,629. The trade was a 6.11 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 5.50% of the company's stock.

About Daktronics

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.