Raymond James Financial Inc. Acquires New Shares in Daktronics, Inc. (NASDAQ:DAKT)

Raymond James Financial Inc. purchased a new stake in Daktronics, Inc. (NASDAQ:DAKT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 45,091 shares of the technology company's stock, valued at approximately $760,000. Raymond James Financial Inc. owned approximately 0.10% of Daktronics at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Barclays PLC boosted 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 in the last quarter. Franklin Resources Inc. boosted its position in Daktronics by 0.9% in the third quarter. Franklin Resources Inc. now owns 70,992 shares of the technology company's stock valued at $959,000 after buying an additional 654 shares in the last quarter. Hennessy Advisors Inc. acquired a new position in Daktronics in the fourth quarter valued at about $170,000. SG Americas Securities LLC grew 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 buying an additional 3,758 shares during the last quarter. Finally, Money Concepts Capital Corp increased its holdings in shares of Daktronics by 0.4% during the fourth quarter. Money Concepts Capital Corp now owns 150,724 shares of the technology company's stock worth $2,541,000 after buying an additional 607 shares in the last quarter. 61.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Daktronics

In other news, Director Andrew David Siegel acquired 2,500 shares of Daktronics stock in a transaction on Friday, April 4th. The shares were purchased at an average price of $11.50 per share, with a total value of $28,750.00. Following the acquisition, the director now owns 43,446 shares in the company, valued at $499,629. This represents a 6.11 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.50% of the stock is owned by company insiders.

Daktronics Price Performance

NASDAQ DAKT traded up $0.09 on Friday, hitting $14.04. 189,006 shares of the company were exchanged, compared to its average volume of 474,032. Daktronics, Inc. has a 1-year low of $10.24 and a 1-year high of $19.89. The firm has a 50 day moving average of $12.55 and a two-hundred day moving average of $14.81. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40. The company has a market cap of $700.50 million, a P/E ratio of 56.16, a P/E/G ratio of 0.57 and a beta of 1.56.

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.