Anchor Capital Advisors LLC Acquires 64,360 Shares of Daktronics, Inc. (NASDAQ:DAKT)

Anchor Capital Advisors LLC increased its holdings in Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 60.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 171,346 shares of the technology company's stock after purchasing an additional 64,360 shares during the quarter. Anchor Capital Advisors LLC owned 0.36% of Daktronics worth $2,889,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Daktronics in the 3rd quarter worth $427,000. FMR LLC raised its position in Daktronics by 5,451.9% in the 3rd quarter. FMR LLC now owns 48,690 shares of the technology company's stock worth $629,000 after purchasing an additional 47,813 shares during the period. Barclays PLC raised its position in Daktronics by 348.2% in the 3rd quarter. Barclays PLC now owns 58,388 shares of the technology company's stock worth $754,000 after purchasing an additional 45,360 shares during the period. Foundry Partners LLC purchased a new position in Daktronics in the 3rd quarter worth $4,101,000. Finally, PEAK6 Investments LLC raised its position in Daktronics by 269.9% in the 3rd quarter. PEAK6 Investments LLC now owns 42,073 shares of the technology company's stock worth $543,000 after purchasing an additional 30,699 shares during the period. Hedge funds and other institutional investors own 61.69% of the company's stock.

Analysts Set New Price Targets

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

Daktronics Trading Down 4.3 %

Daktronics stock traded down $0.66 during trading hours on Monday, reaching $14.60. The stock had a trading volume of 639,544 shares, compared to its average volume of 458,114. The stock has a market cap of $687.53 million, a PE ratio of 58.40, a PEG ratio of 0.57 and a beta of 1.16. Daktronics, Inc. has a 52 week low of $8.62 and a 52 week high of $19.89. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.35 and a quick ratio of 1.67. The company has a fifty day simple moving average of $16.44 and a 200-day simple moving average of $15.12.

Daktronics (NASDAQ:DAKT - Get Free Report) last announced its quarterly earnings results on Wednesday, December 4th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.09). Daktronics had a return on equity of 19.61% and a net margin of 3.62%. Analysts forecast that Daktronics, Inc. will post 0.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Reece A. Kurtenbach sold 8,048 shares of Daktronics stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $18.75, for a total transaction of $150,900.00. Following the sale, the chief executive officer now owns 469,727 shares of the company's stock, valued at approximately $8,807,381.25. The trade was a 1.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Patrick Friel sold 2,244 shares of Daktronics stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $18.17, for a total transaction of $40,773.48. Following the sale, the director now directly owns 87,573 shares in the company, valued at $1,591,201.41. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.50% of the company's stock.

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.