Raymond James Financial Inc. Buys Shares of 45,091 Daktronics, Inc. (NASDAQ:DAKT)

Raymond James Financial Inc. purchased 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. The firm purchased 45,091 shares of the technology company’s stock, valued at approximately $760,000.

Several other institutional investors have also recently made changes to their positions in the company. Quarry LP raised its position in Daktronics by 75.6% in the third quarter. Quarry LP now owns 2,297 shares of the technology company’s stock valued at $30,000 after purchasing an additional 989 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Daktronics in the fourth quarter valued at $170,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Daktronics in the 3rd quarter valued at $164,000. Atria Investments Inc lifted its stake in Daktronics by 17.0% during the 4th quarter. Atria Investments Inc now owns 15,508 shares of the technology company’s stock worth $261,000 after acquiring an additional 2,252 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in Daktronics during the 3rd quarter worth about $216,000. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Daktronics Trading Down 5.0 %

NASDAQ:DAKT opened at $11.61 on Friday. The stock has a fifty day moving average price of $14.41 and a 200 day moving average price of $14.91. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40. Daktronics, Inc. has a 12-month low of $8.81 and a 12-month high of $19.89. The firm has a market cap of $607.63 million, a PE ratio of 46.44, a price-to-earnings-growth 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 note on Wednesday, January 22nd. They set a “buy” rating and a $26.00 target price on the stock.

Insider Activity

In other Daktronics news, Director Andrew David Siegel acquired 7,200 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were acquired at an average price of $11.82 per share, for a total transaction of $85,104.00. Following the acquisition, the director now owns 40,946 shares in the company, valued at $483,981.72. The trade was a 21.34 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.