Integrated Quantitative Investments LLC Takes $371,000 Position in Daktronics, Inc. (NASDAQ:DAKT)

Integrated Quantitative Investments LLC bought a new position in shares of Daktronics, Inc. (NASDAQ:DAKT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,000 shares of the technology company’s stock, valued at approximately $371,000.

Several other institutional investors also recently bought and sold shares of DAKT. LPL Financial LLC boosted its holdings in shares of Daktronics by 1,589.2% during the 4th quarter. LPL Financial LLC now owns 323,204 shares of the technology company’s stock valued at $5,449,000 after purchasing an additional 304,071 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Daktronics by 76.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 451,873 shares of the technology company’s stock valued at $5,834,000 after buying an additional 195,830 shares during the last quarter. Foundry Partners LLC grew its holdings in Daktronics by 54.0% during the 4th quarter. Foundry Partners LLC now owns 489,087 shares of the technology company’s stock valued at $8,246,000 after buying an additional 171,455 shares in the last quarter. American Century Companies Inc. increased its stake in Daktronics by 11.3% in the 4th quarter. American Century Companies Inc. now owns 1,388,284 shares of the technology company’s stock worth $23,406,000 after acquiring an additional 140,482 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Daktronics during the 4th quarter worth approximately $1,499,000. 61.69% of the stock is owned by hedge funds and other institutional investors.

Daktronics Trading Down 5.0 %

DAKT opened at $11.61 on Friday. Daktronics, Inc. has a 12 month low of $8.81 and a 12 month high of $19.89. 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 stock has a 50-day moving average of $14.41 and a 200 day moving average of $14.89. The firm has a market cap of $607.63 million, a P/E ratio of 46.44, a P/E/G ratio of 0.57 and a beta of 1.34.

Analyst Ratings Changes

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

Insider Transactions at Daktronics

In other news, Director Andrew David Siegel purchased 7,200 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average cost of $11.82 per share, with a total value of $85,104.00. Following the purchase, the director now owns 40,946 shares in the company, valued at approximately $483,981.72. This trade represents a 21.34 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.50% of the company’s 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.