Northern Trust Corp Raises Holdings in Daktronics, Inc. (NASDAQ:DAKT)

Northern Trust Corp raised its holdings in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 14.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 409,577 shares of the technology company's stock after purchasing an additional 51,643 shares during the period. Northern Trust Corp owned 0.87% of Daktronics worth $6,905,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Investment Advisors Inc. raised its position in Daktronics by 29.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,192 shares of the technology company's stock valued at $71,000 after purchasing an additional 965 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Daktronics in the 4th quarter worth approximately $125,000. Knott David M Jr bought a new position in shares of Daktronics in the 4th quarter worth approximately $132,000. Retirement Solution LLC bought a new position in shares of Daktronics in the 4th quarter worth approximately $169,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Daktronics in the 4th quarter worth approximately $169,000. Institutional investors own 61.69% of the company's stock.

Daktronics Stock Down 1.4%

Shares of NASDAQ:DAKT traded down $0.22 during trading on Friday, hitting $15.38. The stock had a trading volume of 836,431 shares, compared to its average volume of 473,746. Daktronics, Inc. has a 12 month low of $10.24 and a 12 month high of $19.89. The company has a market capitalization of $767.35 million, a PE ratio of 61.52, a PEG ratio of 0.57 and a beta of 1.56. The firm's fifty day moving average is $13.09 and its 200 day moving average is $14.95. 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 Buying and Selling

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

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.