Raymond James Financial Inc. Makes New Investment in Daktronics, Inc. (NASDAQ:DAKT)

Raymond James Financial Inc. bought a new position in shares of Daktronics, Inc. (NASDAQ:DAKT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 45,091 shares of the technology company’s stock, valued at approximately $760,000.

Other large investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new position in shares of Daktronics during the fourth quarter worth approximately $125,000. Knott David M Jr bought a new position in Daktronics during the 4th quarter worth about $132,000. Retirement Solution LLC purchased a new position in Daktronics during the 4th quarter valued at about $169,000. Fox Run Management L.L.C. bought a new stake in shares of Daktronics in the 4th quarter valued at about $169,000. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Daktronics in the 4th quarter worth approximately $170,000. 61.69% of the stock is owned by hedge funds and other institutional investors.

Daktronics Trading Up 0.6 %

Shares of NASDAQ DAKT opened at $13.59 on Wednesday. Daktronics, Inc. has a 1-year low of $10.24 and a 1-year high of $19.89. The business has a fifty day moving average price of $12.61 and a 200 day moving average price of $14.81. The stock has a market capitalization of $711.10 million, a P/E ratio of 54.35, 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 current ratio of 2.35 and a quick ratio of 1.67.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Daktronics

In other Daktronics news, Director Andrew David Siegel bought 2,500 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average cost of $11.50 per share, for a total transaction of $28,750.00. Following the purchase, the director now directly owns 43,446 shares in the company, valued at $499,629. This represents a 6.11 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.50% of the company’s stock.

Daktronics Company 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.